Zhongfu Industrial's wholly-owned subsidiary plans to invest 250 million yuan in energy-saving and carbon-reduction upgrades for its generating units

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Zhongfu Industrial announced that the fourteenth meeting of its eleventh board of directors approved the proposal on new project investment by Henan Zhongfu Electric Power Co., Ltd. The wholly-owned subsidiary Zhongfu Electric Power plans to invest 250 million yuan to carry out energy-saving and carbon-reduction upgrades on Units 5 and 6. The upgrades include steam turbine flow path retrofits, boiler combustion system optimization, dynamic separator retrofits, and fan energy-efficiency improvements, with a construction period of 28 months. The announcement shows that after the upgrades, the average annual net profit is expected to be 51.65 million yuan, with a project return rate of 20.66 percent and a payback period of five years. The two units will reduce carbon emissions by 120,000 tonnes per year.

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Henan Zhongfu Industrial Co Ltd
600595
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Board approved 250 million yuan investment in energy-saving upgrades for Units 5 and 6, expected to yield 51.65 million yuan annual net profit and 20.66% return.

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河南中孚电力有限公司Private▲ Positive
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Zhongfu Electric Power, the wholly-owned subsidiary, will invest 250 million yuan in energy-saving and carbon-reduction upgrades on its Units 5 and 6.

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