Gd Power Development (600795.SH) Plans to Invest in Phase 8 Expansion Project of 2×1,000 MW at Jiangsu Jianbi

Stock News12-12

Gd Power Development Co., Ltd. (600795.SH) announced that on December 12, 2025, the company held its 40th meeting of the 8th Board of Directors, approving the proposal to invest in the Phase 8 expansion project of 2×1,000 MW units at Guoneng Jianbi Power Plant.

The Phase 8 project is located within the premises of Guoneng Jiangsu Jianbi Power Generation Co., Ltd. (referred to as "Jianbi Power Plant"). It involves constructing two ultra-supercritical, double-reheat coal-fired power units, each with a capacity of 1,000 MW, on the site of the previously decommissioned four 330 MW units at Jianbi Power Plant.

The project received approval from the Jiangsu Provincial Development and Reform Commission in June 2025 and has secured supporting documents, including land pre-approval and water conservation permits.

The Phase 8 project will be invested in, constructed, and operated by Guoneng Jianbi (Jiangsu) Energy Co., Ltd. (final name subject to registration), a joint venture established by Beijing Gd Power Co., Ltd. (a subsidiary of Gd Power Development) and Zhenjiang Yuding Huineng Investment Development Co., Ltd., with ownership stakes of 90% and 10%, respectively.

The total dynamic investment for the project is approximately RMB 7.218 billion, with a capital ratio of 30%. The remaining funds will be financed through bank loans. Based on the total dynamic investment, Jiangsu Company will contribute RMB 1.949 billion in self-raised funds for the project's investment, construction, and operation.

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