Jilin Electric Power expands with coal, green methanol, changes auditors

Jilin Electric Power plans to invest in the Baicheng Phase II 2x660 MW coal-fired power project for power supply guarantee, with a total investment of CNY 5.698 bn. This project, aiming to enhance power supply and optimize regional power structure, received board approval on November 13, 2025, and awaits shareholder approval. The company’s wholly-owned subsidiary, Baicheng Jidian Hanihai Power Generation Co., Ltd., will undertake the project.

Simultaneously, Jilin Electric Power will participate in a green methanol value chain by investing CNY 37.825 million through its subsidiary, State Power Investment Future Energy Development (Shanghai) Co., Ltd., to establish Dalian COSCO Shipping New Energy Storage and Logistics Co., Ltd. This new venture, approved by the board on November 13, 2025, will provide storage, transshipment, and transportation services for green hydrogen-based energy products.

In a separate move, Jilin Electric Power intends to change its auditing firm for the 2025 fiscal year. It proposes appointing Daxin Certified Public Accountants (Special General Partnership) to replace Tianjian Certified Public Accountants (Special General Partnership) for financial and internal control audits. This change aims to ensure auditor independence and objectivity, with the total audit fee for 2025 projected at CNY 2.684 million.