Huadian Liaoning Energy has announced its intention to augment the capital of its wholly-owned subsidiaries, Dandong Jinshan Thermal Power Co., Ltd. and Huadian (Dandong) Offshore Wind Power Co., Ltd. This capital injection aims to propel the construction of an integrated joint venture project that merges co-generation with offshore wind power. The project's total dynamic investment stands at 22.88051 billion yuan, with a static investment of 22.45813 billion yuan. Capital expenditure for the project amounts to 4.906159 billion yuan. The company underscores that this endeavor aligns with the national renewable energy development strategy, poised to bolster its development quality and overall competitiveness. Nonetheless, the project confronts challenges including heightened fixed asset investment and reduced effective power generation, which could significantly influence financial returns. To mitigate these risks, Huadian Liaoning Energy vows to rigorously manage project costs, refine designs, and closely monitor progress, ensuring prompt compliance with information disclosure requirements.
