en.Wedoany.com Reported - On the evening of June 15, Gansu Electric Power Investment Energy Development Co., Ltd. (hereinafter referred to as "Gansu Energy") announced that its controlled subsidiary, Gansu Electric Power Investment Runneng (Wuwei) New Energy Co., Ltd., plans to invest in the 3 GW photovoltaic project in Liangzhou Jiudun Beach and the 1 GW wind power project in Minqin Nanhu, both part of the 6 GW new energy project in the Tengger Desert base, with a total dynamic investment of 12.917 billion yuan.

Specifically, the 3 GW photovoltaic project in Liangzhou Jiudun Beach has a total investment of 9.03 billion yuan, with a construction period of 24 months and an expected average annual on-grid electricity of 4.841 billion kWh. Based on an on-grid electricity price of 0.2062 yuan/kWh, the payback period (after income tax) is 13.82 years, and the internal rate of return on equity is 9.9%.

The 1 GW wind power project in Minqin Nanhu has a total investment of 3.887 billion yuan, also with a construction period of 24 months and an expected average annual on-grid electricity of 1.943 billion kWh. Based on an on-grid electricity price of 0.2498 yuan/kWh, the payback period (after income tax) is 12.68 years, and the internal rate of return on equity is 12.35%.

It is understood that the capital for these projects accounts for 20% of the total investment, with the remainder coming from bank loans and other sources. The initial phase will involve the construction of 1 GW of the 3 GW photovoltaic project in Liangzhou Jiudun Beach and the 1 GW wind power project in Minqin Nanhu, with subsequent projects to be built in phases based on grid construction progress.

Gansu Energy stated that this investment in new energy projects is a key measure to respond to the national policy of vigorously developing renewable energy and to further expand the company's new energy installed capacity. It will promote the development of its main business, increase the company's new energy power generation installed capacity and the proportion of new energy assets, and boost power generation and revenue from electricity sales.

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