Hong Kong-listed China Power International Development (CHINA POWER) announced that indirect subsidiary Tianzhu Ling’an New Energy entered into a RMB249.87 million (approximately HK$283.94 million) Engineering, Procurement and Construction (EPC) Contracting Agreement on 9 April 2026 with a consortium led by State Nuclear Electric Power Planning Design & Research Institute (State Nuclear Institute) and joined by China Construction Southwest Institute Southern Design & Construction Engineering (Southwest Institute).
The consortium will deliver a turn-key solution for the Shidong Wind Power Project in Tianzhu County, Guizhou Province. Key deliverables include: • Construction of a 100 MW wind farm, a 110 kV step-up substation and associated transmission lines. • Full-cycle services encompassing permitting, survey and design, equipment procurement, civil works, installation, commissioning and defect-liability support.
Contract consideration is broken down into construction and installation fees of RMB141.67 million, land-use fees of RMB41.42 million, equipment and materials of RMB45.07 million, and other associated costs. Payment will be milestone-based, with 10 % of the contract sum advanced against a bank guarantee, 5 % of equipment costs retained until final acceptance, and 3 % of construction fees held through the defect-liability period.
State Nuclear Institute is an indirect non wholly-owned subsidiary of State Power Investment Corporation (SPIC), which holds approximately 65.64 % of CHINA POWER. As a result, the transaction is classified as a connected transaction under Hong Kong Listing Rules. The highest applicable percentage ratio exceeds 0.1 % but is below 5 %, requiring announcement and reporting only; independent shareholders’ approval is not required.
Management noted that the contract was awarded via an open tender through the China Electric Power Equipment Information Network and priced in line with prevailing market rates. The project, listed as a major provincial construction initiative, is expected to enhance local energy structure and support China’s “dual-carbon” targets once operational.