On March 8, 2023, Three Gorges Water Conservancy issued an announcement stating that in order to implement the company's 14th Five-Year Strategic Development Plan, accelerate the company's strategic layout in the energy storage business track, seize the opportunity to improve the independent and controllable power supply capacity of Chongqing City, and pilot construction An important opportunity for an independent energy storage power station. It is agreed that Chongqing Liangjiang Comprehensive Energy Service Co., Ltd., a wholly-owned subsidiary of the company, will invest 160 million yuan to set up a project company in Yongchuan District, Chongqing City, and invest no more than 782 million yuan to implement Songji independent energy storage in Yongchuan District Power station project; invest no more than 400 million yuan in Liangjiang New District, Chongqing City to implement the Longsheng independent energy storage power station project in Liangjiang New District.

It is understood that the Songji independent energy storage power station project in Yongchuan District uses lithium iron phosphate energy storage batteries, with an installed capacity of 200MW/400MWh, a construction period of about 5 months, and an investment of about 160 million yuan from its own funds. The rest of the funds will be resolved through financing. After the project was completed and put into operation on schedule and approved by the Chongqing Municipal Energy Bureau, a one-time construction subsidy of 60 million yuan was given; the Liangjiang New District Longsheng independent energy storage power station project used lithium iron phosphate energy storage batteries, with an installed capacity of 100MW/200MWh. The construction period is about 5 months, and the self-owned capital investment is about 80 million yuan. The rest of the funds are solved through financing.

Three Gorges Water Conservancy stated that the independent energy storage power station project invested and implemented this time is in line with the national industrial policy, the construction orientation of Chongqing's energy system and the development direction of Three Gorges Water Conservancy's energy storage business, which will help Three Gorges Water Conservancy seize the development opportunities of new energy storage and deploy related businesses. Improve the competitiveness of the Three Gorges water conservancy market. Accelerating the deployment of new energy storage business is a necessary measure for Three Gorges Water Conservancy to comply with the national energy policy orientation and industry development trends. While cultivating new growth momentum for Three Gorges Water Conservancy, it can also form a market-oriented power sale and comprehensive energy business that Three Gorges Water Conservancy is vigorously expanding. Good industrial synergy can improve operating performance and help the company's high-quality and sustainable development.Editor / He Yurong