Shandong Hi-Speed New Energy Unit Hires EPC Contractor for Wind Power Project

MT Newswires Live2024-10-28

A unit of Shandong Hi-Speed New Energy Group (HKG:1250, SHA:600350) has hired PowerChina Beijing Engineering to provide EPC services for a 93.75 megawatt wind power project in Shandong Province, China, an Oct. 25 bourse filing said.

Unit Heze Shandong Hi-Speed Clean Energy will pay nearly 183.5 million yuan in consideration for the project.

The construction work is expected to take 316 calendar days and will likely be completed and accepted by Aug. 30, 2025.

PowerChina Beijing Engineering is a unit of Power Construction Corp. of China (SHA:601669) or PowerChina.

Shares of Chinese renewable energy company Shandong Hi-Speed New Energy closed nearly 2% lower on Monday.

Price (HKD): $1.50, Change: $-0.030, Percent Change: -1.96%

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