Huadian Power International ( (HK:1071) ) has issued an announcement.
Huadian Power International has announced the formation of a Joint Venture Company to manage the investment, construction, and operation of a Pumped Storage Project with a planned installed capacity of 1.8 million kilowatts. The project is in its early development stage, and the joint venture’s registered capital of RMB200 million will be used primarily for feasibility studies and obtaining necessary approvals, with no immediate requirement for further capital contribution from shareholders.
More about Huadian Power International
Huadian Power International Corporation Limited is a Sino-foreign investment joint stock company based in the People’s Republic of China. The company is involved in the energy sector, focusing on the generation and supply of electric power.
YTD Price Performance: 4.40%
Average Trading Volume: 5,000
Technical Sentiment Signal: Strong Sell
Current Market Cap: $7.52B
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