Beijing Ke Rui will invest 750 million yuan to build an independent energy storage power station in Xiushan County, Chongqing

In order to implement the national dual-carbon strategic goals, give play to the respective advantages of local governments and enterprises, and jointly promote the development of independent energy storage power station projects in Xiushan Tujia and Miao Autonomous County, Beijing Core Power Distribution Automation Co., Ltd. (hereinafter referred to as the "Company") and the People's Government of Xiushan Tujia and Miao Autonomous County, Chongqing, recently signed the "Investment Agreement" (hereinafter referred to as the "Agreement") based on the principles of mutual benefit and win-win cooperation.

Main contents of the agreement

Party A: Xiushan Tujia and Miao Autonomous County People's Government (hereinafter referred to as Party A)

Party B: Beijing Cree Distribution Automation Co., Ltd. (hereinafter referred to as Party B

1. Project name: Independent energy storage power station in Xiushan County, Chongqing;

2. Construction content: Newly build shared energy storage power station battery cabin containers and centralized control room, power distribution room, fire protection center and other buildings;

3. Construction scale: The planned investment power station scale is 250MW/500MWH (the specific capacity to be built shall be subject to the capacity approved by the municipal department);

4. Investment estimate: The total investment is approximately RMB 750 million (subject to the actual investment amount), of which: fixed asset investment is approximately RMB 670 million and working capital is approximately RMB 80 million;

5. Construction location: Baiyang Village, Guanzhuang Street;

6. Construction period: After the project obtains approval from relevant departments and land use rights and meets the conditions for commencement (subject to the approval (filing) reply document), Party B shall ensure that the project is substantially commenced within 3 months and put into production within 12 months (subject to the actual commencement and production time);

7. Benefit analysis: Annual output value is about 280 million yuan, and annual tax payment is about 25 million yuan (subject to actual output value and tax amount).