According to the Zhitong Finance App, Huitian Thermal Power (000692.SZ) announced that the company plans to invest in the construction of the “Faku 200MW Wind Power Project” and plans to establish a wholly-owned subsidiary “Huitian New Energy (Faku) Co., Ltd.” with its own capital of 200 million yuan as the implementing entity of the project. The total dynamic investment (tax included) of the project is approximately RMB 1,037 million (the amount excluding tax is approximately RMB 947 million). The construction period of the project is about 24 months. The total installed capacity of the project is 200MW. It is proposed to install 23 8.35MW units and 1 7.95MW unit; it is planned to build a 220kV booster station.

The company's current investment is, on the one hand, to meet territorial policy requirements and match the supporting new energy installation conditions required for the 700MW thermal power project that the company has invested in construction; on the other hand, seize renewable energy development policy opportunities, promote the collaborative development of new wind power, thermal power, and heating businesses, improve the comprehensive energy business layout, and cultivate new profit growth points.

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