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Corporation
gdep.com.cn

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Investments

1

About Guidong Electric

Guidong Electric (桂东电力) (600310.SH) provides power, electricity, and other infrastructures.

Guidong Electric Headquarter Location

12 Pingan West Rd

Hezhou, Guangxi, 542899,

China

+86 0774-5297796

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Latest Guidong Electric News

China's Guidong Electric Power Jumps After Revealing USD1.7 Billion Green Expansion Plan China's Guidong Electric Power Jumps Af...

Sep 14, 2021

(Yicai Global) Sept. 14 -- Guidong Electric Power's stock price rose by the daily limit after the Chinese hydropower firm said it will spend CNY11 billion (USD1.7 billion) on new green energy projects. Guidong's share price [SHA: 600310] surged 10 percent to CNY5.16 (80 US dollar cents). The stock price is more than 15 percent up this year. The power generation firm intends to develop a series of wind and solar power, as well as energy storage projects in its hometown, the Hezhou-based company said in a statement yesterday. The expansion should improve Guidong's asset structure and profitability, it said, without disclosing details about the origins of the funds. More than a third of the investment will target wind power. Guidong will invest CNY2 billion (USD310.2 million) to build two wind farms with a total annual capacity of more than 300 megawatts. A similar sum will be earmarked to build projects with a capacity of more than 500 MW in different places such as abandoned mining areas and agricultural production bases. Moreover, the firm plans to invest CNY6.5 billion to construct a pumped hydroelectric energy storage with a designed capacity of about 1,200 MW. Finally, some CNY500 million (USD77.6 million) will be poured into upgrading the technology used in the company's existing thermoelectric projects. The big investment plan should significantly increase Guidong's output. Currently, the firm can generate 857.6 MW of hydroelectric energy, 700 MW of thermal power, and 20 MW of solar energy each year, according to its website. Editor: Emmi Laine, Xiao Yi

Guidong Electric Investments

1 Investments

Guidong Electric has made 1 investments. Their latest investment was in Copticomm as part of their Seed on July 7, 2016.

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Guidong Electric Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/1/2016

Seed

Copticomm

Yes

1

Date

7/1/2016

Round

Seed

Company

Copticomm

Amount

New?

Yes

Co-Investors

Sources

1

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