en.Wedoany.com Reported - China Guangxi Energy Co., Ltd. announced on July 17, 2026, that it plans to invest 8.334 billion yuan (total dynamic investment) to build the Guangxi Hezhou Pumped Storage Power Station. The 1.4 GW pumped storage power station project is located in Babu District, Hezhou City, Guangxi Zhuang Autonomous Region, approximately 42 kilometers in a straight line from downtown Hezhou. The upper and lower reservoir dam sites are both situated in the upper reaches of the Huluo River, a first-level tributary of the Hejiang River. The power station's hub structures mainly consist of the upper reservoir, lower reservoir, water conveyance system, underground powerhouse, and switchyard, along with supporting external roads and on-site transportation.

The 1.4 GW pumped storage power station is designed with an installed capacity of 1.4 GW, featuring four single-stage mixed-flow reversible pump-turbine units, each with a capacity of 350 MW, designed for 6 hours of continuous full-load operation. According to the project plan, the 1.4 GW pumped storage power station is expected to be fully completed and operational in the mid-to-late period of the "16th Five-Year Plan". Project funding consists of equity capital and bank loans, with equity capital accounting for 20% of the total dynamic investment, raised by the company itself, and the remainder financed through long-term bank loans. Based on the latest pumped storage electricity pricing policies, the estimated return on equity over the 40-year operating period ranges from 4.73% to 5.72%.

This investment was approved at the 32nd meeting of the company's Ninth Board of Directors, with 9 votes in favor, 0 against, and 0 abstentions, and is subject to review by the company's shareholders' meeting. The company stated that the construction of the 1.4 GW pumped storage power station is a key measure to focus on the core power business and implement the national dual-carbon strategic goals, helping to optimize the power structure, significantly increase the proportion of clean energy installed capacity, cultivate new profit growth points, and support the company in building a regional clean energy base.