Zhiguang Electric's Subsidiary Secures RMB 260 Million Energy Storage EPC Deal
Stock News
Yesterday
Guangzhou Zhiguang Electric Co.,Ltd. (002169.SZ) announced that its controlling indirect subsidiary, Guangzhou Huayue Power Engineering Design Co., Ltd., has entered into a contract with Guangzhou Conghua Yiyi Energy Storage Technology Co., Ltd. for the construction of the Conghua 150MW/300MWh new-type independent energy storage project.
The EPC general contracting agreement, valued at a total of RMB 260 million, covers a core business segment for the company. Management noted that successful execution of this contract should generate favorable effects on both the financial condition and operational results of the firm.
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