Securities code: Hubei Energy Group Co.Ltd(000883) securities abbreviation: Hubei Energy Group Co.Ltd(000883) Announcement No.: 2022021 Hubei Energy Group Co.Ltd(000883)
Announcement on investment and construction of Shuanghe 100MW photovoltaic power generation project
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of investment
1. In order to implement the strategic deployment of Xi Jinping general secretary "carbon peak and carbon neutralization" and the objectives of the company's "14th five year plan", and further expand the company's new energy installation scale, Hubei Energy Group Co.Ltd(000883) (hereinafter referred to as the company) plans to invest in the construction of Shuanghe 100MW photovoltaic power generation project with a total investment of no more than 485624600 yuan by Hubei Energy Group Co.Ltd(000883) group Shuanghe New Energy Development Co., Ltd. (hereinafter referred to as Shuanghe new energy company), a wholly-owned subsidiary of the company. Among them, the project capital is increased by the company to Shuanghe new energy company, and other funds are provided by the company with financial support or bank loans.
2. The 17th meeting of the ninth board of directors of the company considered and approved the investment in the construction of Shuanghe 100MW photovoltaic power generation project. The effective number of votes of the board of directors is 8, including 8 affirmative votes, 0 negative votes and 0 abstention votes.
The project is currently undergoing project filing.
3. This item does not constitute a related party transaction and does not belong to the major asset reorganization specified in the administrative measures for major asset reorganization of listed companies.
2、 Basic information of investors
Enterprise name: Hubei Energy Group Co.Ltd(000883) group Shuanghe New Energy Development Co., Ltd
Enterprise type: limited liability company (sole proprietorship of legal person invested or controlled by non natural person) enterprise domicile: room 209, entrepreneurship and Innovation Incubation Base Office, Jingchu Industrial Park, group 89, Shuanghe City, Xinjiang
Legal representative: Du Ye
Registration time: March 2021
Registered capital: 3 million yuan
Main business scope: contract energy management; Leasing of photovoltaic power generation equipment; Maintenance of electronic and mechanical equipment (excluding special equipment); Research and development of emerging energy technologies; Technical services, technical development, technical consultation, technical exchange, technology transfer and technology promotion; Power generation, transmission and power supply business; Various engineering construction activities.
Shuanghe new energy company is not a dishonest person. Up to now, Shuanghe new energy company has no business activities.
3、 Basic information of the project
Shuanghe 100MW photovoltaic power generation project is the company's first centralized photovoltaic project in Xinjiang. The project is located in Shuanghe District, about 40km away from Bole City in the West. According to the feasibility study, the static investment of the project is 4812077 million yuan and the total dynamic investment is 4856246 million yuan. 4、 Project investment purpose
The investment in the project is to implement the spirit of the national counterpart support work conference for Xinjiang and the work deployment of Hubei provincial Party committee and provincial government in assisting Xinjiang. At the same time, the investment in new energy projects will help to further improve the company's installed proportion of new energy, which is in line with the company's "14th five year plan".
5、 Risks of this investment and its impact on the company
(I) risks of this investment
In this investment, there may be risks that the project investment will increase due to the rise of the price of major equipment such as photovoltaic modules, the risk of power consumption, the risk of light abandonment and power restriction, and the investment income will not meet the expectations. The company will reasonably control the project cost and the progress of photovoltaic development and construction, reasonably plan the development scale of new energy in combination with the actual local power consumption, avoid light abandonment and power restriction, and ensure the profitability of the project.
(II) impact of investment in the project on the company
The investment and construction of Shuanghe 100MW photovoltaic power generation project is in line with the national industrial policy and the company's development plan, and helps the company accelerate its transformation to clean, efficient and low-carbon. The profit level during the operation period of the project increases year by year, which can effectively improve the company's business performance.
6、 Documents for future reference
1. Resolution of the 17th meeting of the ninth board of directors of the company.
It is hereby announced.
Hubei Energy Group Co.Ltd(000883) board of directors March 31, 2022
