CH ENERGY ENG (03996) announced that its subsidiaries, the Bukhara Project Company and the Kashkadarya Project Company, have signed financing agreements with a banking consortium. The consortium includes China Construction Bank's Beijing Railway Branch, Bank of China's Beijing Branch, China Exim Bank, and China Minsheng Bank's Shanghai FTZ Branch.

Under the agreements, the Bukhara Project Company will receive a credit line of RMB 1.654 billion, while the Kashkadarya Project Company will obtain RMB 1.684 billion, both with a 15-year term. Both project companies will pledge all their assets, contract rights, bank accounts, and equity as collateral. Additionally, the equity of their Dutch holding companies will be pledged, and shareholder loan rights will be assigned to the financing banks. The projects are insured under China Export & Credit Insurance Corporation's export buyer's credit insurance.

In May 2023, the company approved investments in two 500MW photovoltaic projects in Uzbekistan: the Bukhara Karauzbazar Project (Bukhara Project) and the Kashkadarya Nisun Project (Kashkadarya Project), with investments of approximately RMB 2.334 billion and RMB 2.377 billion respectively. To facilitate project development, CH ENERGY ENG established wholly-owned subsidiaries EnergyChina Dutch Investment B.V. and Oasis Renewable Energy Investment B.V. (collectively "Dutch Companies"), along with the Bukhara and Kashkadarya Project Companies. The Dutch Companies hold 100% equity in both project companies.