Yunnan Nengtou (002053.SZ) subsidiary plans to invest 120 million yuan to build a new Tungsten photovoltaic power generation project.

Tencent Finance APP News, Yunnan Nengtou (002053.SZ) announced that its wholly-owned subsidiary, Malong Yunnengtou New Energy Development Co., Ltd., plans to invest in the construction of the Xin Tun Photovoltaic Power Generation Project. The project has a rated capacity of 30MW, with an average annual online electricity generation of 47.62 million kilowatt-hours and an average annual equivalent full-load utilization hours of 1331.8 hours. The total investment of the project is 120 million yuan, calculated at an online electricity price of 0.2784 yuan/kWh (including tax), the project's capital financial internal rate of return is 7.22%. The operation of the project can increase the company's new energy installed capacity by 30MW, which is beneficial for the company to strengthen and expand the new energy sector, help achieve carbon neutrality goals, and promote local economic development.