New Energy Project with 6 Billion Yuan Investment to Build 3GW Capacity
On March 10, 2025, at 09:39, it was reported that the Special Transformer Electric Power Company has announced plans to invest 6 billion yuan into a new energy project aimed at constructing a 3GW capacity power plant in the Xinjiang region.
According to the announcement, the project will utilize advanced technology for the development of renewable energy. It is expected that the project will include two main components: a 1GW capacity thermal power project and a 2GW capacity wind power project.
The total investment for the 1GW thermal power project is projected to be approximately 349.54 million yuan, with the capital source being 104.86 million yuan. For the 2GW wind power project, the overall investment is estimated at 665.56 million yuan, with the capital sourced at 193.96 million yuan.
To address the construction needs of this project, a portion of the funds will be allocated for operational costs and project management. The company has committed to ensuring that the new energy resources will be developed responsibly and sustainably.
From March 7, 2025, the company will allocate resources and engage with local authorities to facilitate the project’s advancement. This includes converting operational rights and establishing a management framework to oversee the project.
The management structure will include various stakeholders, allowing for a collaborative approach to project implementation. The company aims to secure a 12.50% ownership stake in the project, while also ensuring that local interests are represented.
Overall, the 1GW thermal power project has already achieved approximately 20% of its construction goals, with plans for completion and grid connection anticipated by December 2025. The 2GW wind power project is currently in the preliminary planning stages, with construction expected to commence by the end of 2026.
This significant investment in new energy resources highlights the company’s commitment to enhancing renewable energy capacity and reducing carbon emissions, thus contributing to a greener future.
For more details, please refer to the relevant sections on the company’s official app or website.
