China Nature Energy Technology Signs RMB 185 Million EPC Contract for Flagship Zhanjiang Energy Storage Project
Key Points of the Announcement
- Major EPC Contract Signed: Wuchuan Tongli, an indirect subsidiary of China Nature Energy Technology Holdings Limited, has entered into an Engineering, Procurement, and Construction (EPC) contract valued at RMB184,853,005.95 (approximately HK\$213.53 million) with POWERCHINA Chengdu Engineering Corporation Limited for a large-scale independent energy storage project in Zhanjiang City, Guangdong Province.
- Project Details: The project involves the construction of a 70MW/140MWh lithium iron phosphate battery energy storage power station, a 110kV step-up substation, and related facilities. The scheduled construction period is about 183 days, with full-capacity grid connection targeted before December 2026.
- Payment Terms and Performance Guarantee: Payments are tied to project milestones, with a detailed structure for advance and milestone payments. The contractor must provide a performance guarantee equal to 10% of the contract amount.
- Transparent Tender Process: The contract amount was determined after a competitive tender and comprehensive evaluation of candidates’ capabilities, track record, and technical proficiency.
- Strategic Importance: This is the Group’s first large-scale independent energy storage project, expected to generate stable, predictable revenue through participation in the Guangdong Power Ancillary Services Market, capacity leasing, and electricity spot trading. It will also support the Group’s ongoing expansion into the rapidly growing energy storage sector.
Detailed Breakdown for Investors
The Board of China Nature Energy Technology Holdings Limited (the “Company”) has announced a significant development: its indirect non-wholly-owned subsidiary, Wuchuan Tongli Energy Technology Co., Ltd. (“Wuchuan Tongli”), has entered into an EPC contract with POWERCHINA Chengdu Engineering Corporation Limited (“the Contractor”) for the construction of an advanced energy storage facility in Zhanjiang City, Guangdong Province.
Project Scope and Timeline
- Construction of a 70MW/140MWh lithium iron phosphate battery energy storage system, including a 110kV step-up substation and related ancillary infrastructure.
- Total construction period: Approximately 183 calendar days.
- Expected full-capacity grid connection: Before December 2026.
Financials and Contract Structure
- Total contract value: RMB184,853,005.95 (tax inclusive), equivalent to approximately HK\$213.53 million.
- Breakdown of costs:
- Construction and installation: RMB37,047,504.00
- Equipment and materials procurement: RMB136,780,001.95
- Survey and design: RMB1,716,000.00
- Other services: RMB8,341,483.89
- Safety production costs: RMB968,016.11
- Funding: The contract will be financed by internal resources and external financing.
Payment Milestones
- Advance Payment: 25% of the contract amount (excluding safety costs) within 30 days of signing, upon receipt of required documents.
- 40% Payment: Upon completion of structural grouting for energy storage, with a deduction for advance payment.
- 15% Payment: Upon completion of equipment installation and readiness for static commissioning, with further deduction for advance payment.
- 10% Payment: After meeting grid connection requirements and acceptance, with final deduction for advance payment.
- 15% Payment: After passing all grid-related performance tests, meeting industry/national standards, and project handover for production.
- Balance: Paid after project completion acceptance.
Performance Guarantee
The Contractor is required to provide a performance guarantee (bank guarantee or guarantee letter from a central enterprise finance company) for 10% of the total contract value, valid until handover and acceptance for production.
Significance and Impact for Shareholders
- Discloseable Transaction: The transaction size triggers a discloseable transaction under Hong Kong Listing Rules, with applicable percentage ratios exceeding 5% but below 25%. This means increased transparency and regulatory scrutiny, which is significant for investors tracking the Company’s compliance and risk profile.
- Strategic Move into Energy Storage: This project marks the Company’s first large-scale independent energy storage facility. It is a flagship demonstration project with the potential to establish China Nature Energy as a leader in the energy storage sector in southern China.
- Revenue Streams: The project will generate revenue from frequency regulation, capacity compensation, and electricity spot trading, leveraging the supportive regulatory environment and market mechanisms in the PRC.
- Operational and Technical Upside: The project allows the Company to deepen relationships with key suppliers, enhance supply chain integration, and gain practical feedback for its proprietary energy management systems (EMS), strengthening future competitiveness.
Potential Market Impact
- Given the project’s scale, strategic location, and its role as a flagship for the Company’s independent energy storage ambitions, this announcement is highly likely to be price-sensitive and could positively influence share value.
- Successful execution will position the Company as a core participant in China’s rapidly expanding energy storage market, addressing the region’s urgent need for grid frequency regulation and supporting the penetration of renewable energy.
- Investors should monitor progress on construction, grid connection, and project commissioning milestones, as these will likely serve as catalysts for further share price movement.
About the Parties
- Wuchuan Tongli Energy Technology Co., Ltd.: 90% indirectly owned by the Company, focused on investment, construction, and operation of energy storage projects in the PRC.
- POWERCHINA Chengdu Engineering Corporation Limited: A leading PRC-based EPC contractor specializing in power and energy infrastructure, selected through a rigorous tender process.
Conclusion
This EPC contract represents a material step in China Nature Energy’s strategic expansion into the energy storage sector, with the potential to deliver long-term value for shareholders through new revenue streams, enhanced technical capabilities, and increased market presence.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. All forward-looking statements are subject to market risks. Investors should consult their financial advisors before making investment decisions.
中國自然能源科技簽訂1.85億人民幣湛江儲能項目總承包合約
公告重點
- 重大EPC合約簽訂：中國自然能源科技控股有限公司間接附屬公司吳川通力，與中國電建集團成都勘測設計研究院有限公司簽署總值人民幣184,853,005.95元（約港幣2.14億元）的工程採購建設（EPC）合約，建設位於廣東省湛江市的大型獨立儲能電站。
- 項目詳情：項目包括建設70MW/140MWh鋰鐵磷酸鹽電池儲能系統、一座110kV升壓站及相關配套設施。預計總工期約183日，目標於2026年12月前全容量並網。
- 付款條款及履約保證：合約款項按項目里程碑分期支付，承包商須提供相當於合約金額10%的履約保證金。
- 公開招標定價：合約金額通過公開競標及綜合評分確定，充分考慮候選方設計、施工方案、過往業績及技術能力。
- 戰略意義：本項目為公司首個大型獨立儲能示範項目，未來將通過參與廣東電力輔助服務市場、容量租賃及電力現貨交易，創造穩定收入，支持公司持續擴展儲能業務。
投資者須知詳情
中國自然能源科技控股有限公司董事會宣布，旗下間接持股子公司吳川通力能源科技有限公司已與中國電建集團成都勘測設計研究院有限公司簽署EPC合約，開展廣東湛江先進儲能設施建設。
項目範圍及時間表
- 建設70MW/140MWh鋰鐵磷酸鹽電池儲能系統、一座110kV升壓站及配套設施。
- 總工期約183日。
- 預計2026年12月前全容量並網。
財務細節及合約結構
- 合約總值：人民幣184,853,005.95元（含稅），約合港幣2.14億元。
- 成本分項：
- 建安工程：37,047,504.00元
- 設備及材料採購：136,780,001.95元
- 勘察設計：1,716,000.00元
- 其他服務：8,341,483.89元
- 安全生產費用：968,016.11元
- 資金來源：內部資金加外部融資。
付款里程碑
- 預付款：合約簽訂30天內支付25%（不含安全生產費），需收到承包商相關資料。
- 40%：完成儲能結構灌漿並經審核後支付，並扣減部分預付款。
- 15%：設備安裝完成並靜態調試準備好後支付，並再扣減部分預付款。
- 10%：項目滿足全容量並網條件並驗收合格後支付，扣除剩餘預付款。
- 15%：通過全部並網性能測試並完成生產交付後支付。
- 餘款：竣工驗收後支付。
履約保證
承包商須提供等同於合約總值10%的履約保證金，直至項目正式生產交付及驗收。
對股東的重大影響及潛在市價影響
- 須予披露交易：交易金額達5%以上但低於25%，屬於港交所上市規則的須予披露交易，增強公司透明度及監管，對股東具有重要意義。
- 戰略性布局儲能：項目為公司首個大型獨立儲能項目，具示範意義，有望鞏固公司於華南儲能市場的領先地位。
- 收入來源多元：項目可透過輔助服務市場、容量租賃及現貨電力交易獲取穩定收入，受惠國家政策及市場規則支持。
- 提升營運技術優勢：有助深化供應鏈整合，並為自研能管系統提供實操反饋，增強公司未來競爭力。
市場潛在影響
- 項目規模大、地點具戰略意義，為公司儲能業務旗艦，有機會對股價產生正面影響。
- 項目建設、並網及驗收進度均屬重要催化劑，投資者應密切關注。
關於項目雙方
- 吳川通力能源科技有限公司：公司間接持有90%權益，專注於內地儲能項目投資、建設與運營。
- 中國電建集團成都勘測設計研究院有限公司：內地領先的電力及能源基建EPC承包商，通過嚴格招標程序中標。
總結
本合約標誌著中國自然能源加速布局儲能產業，預期能為股東帶來長遠價值，包括新收入來源、技術實力提升及市場地位強化。
免責聲明：本文僅供參考，並不構成任何投資建議。所有前瞻性陳述均受市場風險影響，投資者應諮詢財務顧問後再作決定。
