SDHS NEW ENERGY (01250) and SDHG (00412) have announced that on March 31, 2026 (after trading hours), Heze Shandao, an indirect wholly-owned subsidiary of SDHS NEW ENERGY and an indirect non-wholly-owned subsidiary of SDHG, as the project owner, entered into an EPC contract with a joint contracting consortium comprising China Construction Second Engineering Bureau and PowerChina Guiyang Engineering Corporation. Under the EPC contract, Heze Shandao has agreed to appoint the joint contractors to provide EPC services for the project, with a total contract value of RMB 1.197 billion (including all taxes, subject to adjustment based on changes in national tax policies). The project is a 287.5-megawatt wind power generation facility located in Dingtao District, Heze City, Shandong Province. SDHS NEW ENERGY Group continues to actively integrate into national strategic planning and the diversified development ecosystem established by Shandong Hi-Speed Group. SDHG Group maintains a positive outlook on China's economic development, actively participates in the new development landscape of the clean energy sector, and advances projects supported by China's 14th Five-Year Plan, which targets peak carbon emissions by 2030 and carbon neutrality by 2060. By expanding its clean energy market presence nationwide, the investment, construction, and operation of this project will further enhance the strategic positioning, business scope, and footprint of both SDHS NEW ENERGY Group and SDHG Group in the Shandong market. This initiative will not only support the continued development of a diversified business portfolio in the new energy sector for both groups but is also expected to broaden their revenue base, strengthen long-term competitiveness, and improve profitability.
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