Guizhou Panjiang Refined Coal boosts investment in Puding power project

Guizhou Panjiang Refined Coal announced an increase in investment of RMB 133.4bn into its wholly-owned subsidiary, Panjiang (Puding) Power Generation Co., Ltd. This investment, made through a non-public agreement, will raise Panjiang (Puding) Power Generation's registered capital to RMB 233.4bn, with Guizhou Panjiang Refined Coal retaining 100% ownership. The funds are primarily earmarked for the construction of the Guizhou Energy Puding Power Plant project, which has a total investment of RMB 666.994bn, and any surplus will be used for other main business investment projects.

The Puding Power Plant project involves building two 660MW high-efficiency secondary reheat ultra-supercritical coal-fired generator units and supporting facilities. As of June 30, 2025, Panjiang (Puding) Power Generation Co., Ltd. reported total assets of RMB 570.29584bn and net assets of RMB 99.72851bn. For the first half of 2025, the company generated RMB 116.57219bn in operating revenue and RMB 7.26888bn in net profit (unaudited).

The seventh board of directors' eleventh ad-hoc meeting of Guizhou Panjiang Refined Coal, held on November 24, 2025, approved this investment. The decision aligns with the company's strategy to promote clean and efficient coal power development and extend the coal industry chain.