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Hongying Intelligent has made an announcement stating that its wholly-owned subsidiary, Hongying New Energy, acting as the primary entity within the consortium, alongside Ningxia Communications Construction Co., Ltd. and Inner Mongolia Yinhe Electric Power Installation Engineering Co., Ltd., has entered into a 'PC General Contract for the Construction of the Yinghua Gansu Baiyin 200MW/800MWh Independent Energy Storage Power Station Project' with its affiliated company, Yingzhuo Green Energy. The overall contract value, inclusive of taxes, stands at 664 million yuan. Specifically, the aggregate cost (also inclusive of taxes) for Hongying New Energy to furnish the necessary equipment and execute the tasks outlined in the general contract amounts to 532 million yuan.
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