Changyuan Electric Power advances biomass gasification project with Longyuan Power

Guodian Changyuan Electric Power Co. announced progress on a related party transaction involving its subsidiary, Guodian Changyuan Jingmen Power Generation Co. Jingmen Company has formally signed an EPC (Engineering, Procurement, and Construction) project contract for biomass gasification and coal-fired coupling low-carbon flexibility modification with Yantai Longyuan Power Technology Co.

The contract, signed on December 15, 2025, solidifies Yantai Longyuan's role as the project's winning bidder. The total contract price is RMB 14,268,696. The project encompasses engineering design, equipment and material supply, installation, debugging, and defect rectification services, with Yantai Longyuan taking full responsibility for the technical, performance, design, safety, and reliability aspects within the contract scope. Payment terms specify that the price includes both tax-exclusive costs and taxes, with payment via bank transfer or acceptance bill.

The announcement reiterates that this transaction was previously disclosed on November 22, 2025. Key contractual terms include stipulations on payment defaults, performance guarantee defaults, delayed delivery, and delayed completion, with penalty clauses for each. The contract also outlines dispute resolution mechanisms and conditions for its effectiveness.