Guangdong No.2 Hydropower Engineering Company Ltd(002060)
Announcement on investment and construction of 50mwp photovoltaic power generation project of guantian reservoir phase II in Suixi County, Guangdong Province
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
In order to expand the clean energy power generation business, expand the scale of clean energy power generation business and improve the profit level, Guangdong No.2 Hydropower Engineering Company Ltd(002060) (hereinafter referred to as “the company”) plans to invest in the construction of 50mwp photovoltaic power generation project of guantian reservoir phase II in Suixi County, Guangdong Province by the wholly-owned subsidiary of southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) Investment Co., Ltd. (hereinafter referred to as “southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) Energy Co., Ltd. (” Suixi energy company “) with a total investment of 228442300 yuan. 1、 Investment overview
Suixi energy company plans to invest in the construction of phase II 50mwp photovoltaic power generation project of guantian reservoir in Suixi County, Guangdong Province, equipped with a set of 5MW / 5mwh energy storage system, with a total investment of 228442300 yuan. Southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) will increase the capital of Suixi Guangdong No.2 Hydropower Engineering Company Ltd(002060) with its own funds according to the progress of the project. After the capital increase, its registered capital will not exceed 86.43 million yuan (including phase I project). Suixi Guangdong No.2 Hydropower Engineering Company Ltd(002060) will invest with its own funds and loans from financial institutions.
Suixi guantian reservoir phase II 50mwp photovoltaic power generation project obtained the Filing Certificate of enterprise investment projects in Guangdong Province (project code: 210444082304-05114519) in April 2021 and obtained the photovoltaic construction index of Guangdong Province; In December 2021, Guangdong Power Grid Co., Ltd. obtained the reply of Guangdong Power Grid Co., Ltd. on the access system report of phase II 50MW photovoltaic power generation project of guantian reservoir in Suixi County (gdbh [2021] No. 275) and agreed to the access of the project.
On March 29, 2022, the company held the 24th Meeting of the 7th board of directors, deliberated and adopted the proposal on investment and construction of 50mwp photovoltaic power generation project of guantian reservoir phase II in Suixi County, Guangdong Province with 9 affirmative votes, 0 negative votes and 0 abstention. The investment does not need to be approved by the general meeting of shareholders.
The investment does not constitute a connected transaction, nor does it constitute a major asset reorganization as stipulated in the administrative measures for major asset reorganization of listed companies.
2、 Overview of investors
1. Name: Suixi Guangdong No.2 Hydropower Engineering Company Ltd(002060) Energy Co., Ltd.
2. Address: 5th floor, No. 31 zhanchuan Road, Suicheng Town, Suixi County.
3. Type: limited liability company (sole proprietorship of legal person invested or controlled by non natural person).
4. Date of establishment: September 27, 2016.
5. Legal representative: Yang Jizhou.
6. Registered capital: 38.99 million yuan.
7. Business scope: Cecep Solar Energy Co.Ltd(000591) power generation; Wind power generation; Investment and operation of new energy projects.
8. Property right and control relationship of Suixi energy company.
9. Suixi Energy Co., Ltd. is not a dishonest person.
3、 Basic information of investment projects
For the investment and construction of the project, Suixi energy company hired poly power engineering design (Beijing) Co., Ltd. to conduct a feasibility study on the project and issued the 50 MW feasibility study report of phase II photovoltaic power generation project of guantian reservoir in Suixi County. The basic information of the project is as follows:
1. Guantian reservoir is located in the south of Suixi County. The site has convenient external transportation. The project uses the reservoir drawdown area to build photovoltaic power station according to local conditions, which is in line with the principle of economical and intensive land use. It is constructed in the form of “complementary fishing and light”, which greatly improves the comprehensive utilization efficiency of land. The total annual horizontal solar radiation at the project site is 5250.5mj/m ² ， According to the meteorological industry standard of the people’s Republic of China QX / t892008 Cecep Solar Energy Co.Ltd(000591) resource evaluation method, it is preliminarily determined that the richness level of Cecep Solar Energy Co.Ltd(000591) resources at the project site is “rich” and has high utilization value.
2. The planned installed capacity of the project is 50mwp. 92612 double-sided double glass modules with a single block capacity of 540wp, 223 series inverters with a single unit capacity of 196kw and 15 box type step-up transformers with a single unit capacity of 3150kva are adopted. Together with phase I project, one 110kV transmission line is connected to the power grid.
3. The total power generation capacity of the power generation system of the project in 25 years is about 143416593 kwh, the annual average power generation capacity is 5736664 kwh, and the average utilization hours in 25 years is 1147h.
4. The total construction period of the project is about 6 months, the static investment of the project is 226 Changsha Dialine New Material Sci.&Tech.Co.Ltd(300700) yuan, and the static investment per kilowatt is 452511 yuan / kWp; The dynamic investment of the project is 228442300 yuan, and the dynamic investment per kilowatt is 456793 yuan / kWp.
5. The on grid price of the project is 0.453 yuan / kWh (including tax). The financial internal rate of return of all investment is 7.26% (after tax), the internal rate of return of capital is 11.7% (after tax), and the investment payback period is 11.54 years. The financial evaluation is feasible.
4、 Purpose of investment, existing risks and impact on the company
The purpose of the company is to expand the clean power generation business and improve the profit level.
The rise in the price of photovoltaic modules and the replacement of the electric core of the energy storage system may lead to the risk of increasing the investment cost of the project.
After the project is completed and put into operation, it is expected to achieve certain economic benefits, which will improve the business performance of the company and Southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) in the future.
5、 Other instructions
Up to now, the total installed capacity of the photovoltaic power generation project completed and put into operation by the company is 606.38mw, and the company will disclose the progress of the project in time.
6、 Documents for future reference
Resolution of the 24th Meeting of the 7th board of directors.
It is hereby announced.
Guangdong No.2 Hydropower Engineering Company Ltd(002060) board of directors March 30, 2022
