Announcement Pursuant to Rule 14.36 of the Listing Rules inrespect of Variation Agreement in relation to Engineering, Procurement andConstruction (EPC) Contract
[2025年08月04日]CGN New Energy Holdings Co., Ltd. (CGN New Energy) (formerly known as CGN Meiya Power Holdings Co., Ltd.) is a diversified independent power producer in terms of fuel type and geography, with a portfolio of assets comprising wind, solar, gas-fired, coal-fired, oil-fired, hydro and biomass power generation projects and an energy storage project in the PRC and Korea.
China General Nuclear Power Corporation (CGN) acquired the entire share capital of our Company through its indirectly wholly-owned subsidiary, CGNPC Huamei Investment Limited, in November 2010 and became our Controlling Shareholder. CGN is a wholly state-owned company, established on September 29, 1994 under the laws of the PRC. Authorized by the State Council in accordance with the PRC Company Law and other administrative regulations, SASAC has investor’s rights and responsibilities in CGN.
CGN New Energy continues greenfield and brownfield developments while preferentially acquiring clean and renewable power generation projects to deliver solid returns and create value for its shareholders.
It is a hydro project in Sichuan, the PRC, located in the Economic Development Zone of Mianyang, the second largest city in Sichuan province and downstream of the confluence of three rivers. The project, which we commissioned, is also located in the Sanjiang Water Control and Conservation complex, a multi-purpose project for irrigation, flood control and power generation. Power is purchased by Sichuan Provincial Electric Power Company.
Total Installed Capacity: 51 MWIt is a hydro project in Guangxi, the PRC, located along the Rong River, downstream from the town of Fushi and near Liuzhou, an industrial city in the Guangxi Zhuang Autonomous Region where steel, automobiles and cement are produced.
Total Installed Capacity: 54 MWIt is a hydro project in Guangxi, the PRC, adjacent to existing 54 MW Phase I Hydro Project site, which is an expansion of Phase I.
Total Installed Capacity: 18 MWIt is a hydro project in Guangxi, the PRC, located along the Zuo River. Power is purchased by Guangxi Power Grid Company.
Total Installed Capacity: 72 MWIt is a steam coal-fired project in Shanghai, the PRC, and has franchise rights to supply steam throughout the Jinqiao EPZ in Pudong, Shanghai.
Total Installed Capacity: 295 tons/hourIt is a coal-fired cogen project in Jiangsu, the PRC, located in the Haian ETD Zone in Jiangsu province. The project carries the capability to not only generate power but also to focus on heat supply, thereby serving the purposes of energy saving and emission reduction and the broader application of its fluidized-bed boilers, which are capable of burning low heat content coal of lesser quality, such as feed slurry, anthracite and lignite, thereby making composite utilization possible and reducing fuel costs.
Total Installed Capacity: 27 MWIt is a coal-fired cogen project in Jiangsu, the PRC, located in the Nantong ETD Zone in Jiangsu province. Cogeneration involves the production of electricity and steam using coal.
Total Installed Capacity: 48 MWDaesan I Power Project is a 507 MW oil-fired combined cycle facility located in the Daesan industrial complex in the western part of Korea approximately 150 kilometers from Seoul. Daesan I Power Project began commercial operation in 1998. The project, consisting of four gas turbines and a steam turbine, supplies electricity to the Korean power grid.
Total Installed Capacity: 507 MWHuangshi I coal-fired project is comprised of an inseparable 50% interest in a 200 MW unit (Part I) and two 330 MW units (Part II), totaling 760 MW. Part I is located in Huangshi City, 120 km from Wuhan, the capital of Hubei Province. Part II is located on the outskirts (Xisaishan) of Huangshi City, approximately 10 km from Part I, and about 400 m from the Yangzi River.
Huangshi II coal-fired project has a gross capacity of 1,360.0 MW and is a base load facility located in Huangshi, near Wuhan, the capital of Hubei province. Huangshi II coal-fired project consists of two domestically manufactured ultra super critical coal fired units with a gross capacity of 680.0 MW. Unit 1 commenced commercial operation in December 2010, and Unit 2 commenced commercial operation in April 2014.
Puguang Power Project is a 2x125MW coal-fired power plant located at 11km from Nanyang City, Henan Province. The two units were put into operational in February and June 1999 respectively.
Total Installed Capacity: 250 MWIt is a gas-fired project in Hubei, the PRC, located in the Wuhan Economic and Technological Development Zone, Hubei province. The project commenced simple-cycle commercial operation in December 1996 and combined-cycle commercial operation in October 1997. The project units, which were previously fired with heavy fuel oil, were converted to fire with natural gas in July 2005.
Total Installed Capacity: 176.5 MWYulchon Power Project is a 577.4 MW gas-fired combined cycle power project with an intermediate to peaking facility located at the Yulchon Industrial Complex, Jeollanam-do, in the southern part of the Korean peninsula.
Total Installed Capacity: 577.4 MWYulchon II Power Project is a 946.3 MW gas-fired combined cycle power project located adjacent to Yulchon I Power Project at the Yulchon Industrial Complex, Jeollanam-do, in the southern part of the Korean peninsula. Yulchon II Power Project achieved combined cycle COD in April 2014.
Total Installed Capacity: 946.3 MWThe Yulchon Fuel Cell Project consists of 15.4 MW of fuel cell projects, comprising a Phase I 4.8 MW fuel cell project, a Phase II 5.6 MW fuel cell project and a Phase III 5 MW fuel cell project.
Total Installed Capacity: 4.8 MW (Phase I); 5.6 MW (Phase II); 5 MW (Phase III)