China Power International Advances Offshore Wind Project with New Consultancy Agreement

China Power International Development ( (HK:2380) ) has issued an announcement.

China Power International Development Limited announced that its subsidiary, Haiyang Wind Power, has entered into a Pre-Development and Technical Consultancy Agreement with Shandong Institute. This agreement, valued at approximately RMB39,980,000, involves comprehensive consulting services for an offshore wind power project in Shandong Province, China. The services are crucial for securing necessary regulatory approvals and ensuring the project’s economic and technical viability, thereby mitigating investment risks.

The most recent analyst rating on (HK:2380) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on China Power International Development stock, see the HK:2380 Stock Forecast page.

More about China Power International Development

China Power International Development Limited operates in the energy sector, focusing on power generation. The company is involved in the development of various power projects, including wind power, and is a subsidiary of State Power Investment Corporation (SPIC), which holds a significant share in the company.

Average Trading Volume: 28,905,371

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$39.83B

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