Southern Power Grid Energy Storage: Plans to invest approximately RMB 7.379 billion to construct the Guangdong Xinfeng pumped-storage hydroelectric station project

People’s Financial News, March 16 — Southern Power Grid Energy Storage (600995) announced on March 16 that the company plans to invest approximately 7.379 billion yuan to build the Guangdong Xinfeng Pumped Storage Power Station project. The project is a national energy bureau planning project, located in Xinfeng County, Shaoguan City, Guangdong Province, with a planned installed capacity of 1.2 million kilowatts.

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