Guangzhou Development invests $78.8m in Zhujiang power plant upgrade

Guangzhou Development Group Inc (SSE:600098) has announced a $78.8 million investment in the construction of a 2x600MW coal-fired power plant. The project, located at the Zhujiang Power Plant in Guangzhou, aims to replace four aging 320MW units with two advanced ultra-supercritical coal-fired generators. The project was approved by the Guangzhou Development and Reform Commission. The upgrade will allow the company to consolidate its power base in Nansha and optimize its energy and asset structure while promoting green, low-carbon transformation of traditional energy sources. Construction is scheduled to begin this year, with the new plant designed for high performance and flexibility within China's evolving energy market.