China Power Construction's 13.396 billion yuan private placement was successfully implemented

Recently, PowerChina completed the non-public issuance of A shares as scheduled and successfully raised 13.396 billion yuan in funds, attracting gurgling green "living water" for the early realization of the dual-carbon goal.

PowerChina issued a total of 2,080,124,211 shares this time, with an issuance price of 6.44 yuan/share. It is the largest private placement project in the construction industry in the A-share market to date, and it is also the largest private placement project in the construction industry in the A-share market. Since the promulgation of new refinancing regulations on February 14, 2020, this is the largest private placement project issued by a central enterprise to the market in the A-share market.

Under the guidance of the "double carbon" goal, the transformation of clean and low-carbon energy is accelerating, and the construction of a new power system with new energy as the main body is accelerating. As a global leader in clean and low-carbon energy, water resources and environmental construction, PowerChina is the backbone of global infrastructure interconnection and a leading enterprise serving the “Belt and Road” construction. It is based on large infrastructure and focuses on “water, energy, sand and sand”. It integrates investment, construction and operation into its core businesses of "city, data and data" to promote global development.

The funds raised from Power China’s non-public issuance will be invested in pumped storage, offshore wind power, key project construction and other fields, which will further help the company optimize resource allocation and broaden financing channels. Concentrate efforts to seize the "double carbon" opportunity and accelerate the strategic transformation and upgrading with new energy and pumped hydro energy storage business as the core.

This non-public issuance of shares has fully explored the highlights of PowerChina’s investment, reshaped PowerChina’s growth story, and comprehensively demonstrated the results of PowerChina’s deep exploration of dual-carbon industry opportunities. Accurately conveyed the company's investment value to investors, and ultimately successfully introduced medium and long-term value investments including national funds such as China Chengtong and China Guoxin, large insurance institutions such as Taiping Asset Management, state-owned industrial cooperation units such as CRRC, and foreign investors. It conveyed to the capital market the powerful potential released by China Power Construction's transformation and development.

In the future, Power China will firmly seize the historic opportunity, continue to adhere to high-quality development, give full play to the integrated advantages of the entire industry chain of planning, design, construction, investment and operation, and actively Develop new energy, pumped storage, green sand and gravel and other businesses, promote green and low-carbon transformation and high-quality development with practical actions, and contribute the wisdom and strength of power construction to the realization of the "double carbon" goal.

China is busy planting “green” on the road to “double carbon”Electric Power Construction keeps up with the trend of the times and actively participates in new energy construction, nourishes the development of green energy with the blood of "green finance", and takes the road of green development better and better.