The signing ceremony for the new smart zero-carbon power plant project on Dec 30. [Photo provided to en.whkfq.gov.cn]
State Power Investment Co (SPIC) has announced that it will establish a smart zero-carbon power plant in the Wuhan Economic & Technological Development Zone (WEDZ), with the project signing ceremony held on Dec 30. The project involves an investment of 10 billion yuan ($1.44 billion), and is expected to advance the zone's industrial transformation and upgrading, while also facilitating Wuhan’s emerging industry development.
Liu Ziqing, secretary of the zone’s working committee, praised the project, citing SPIC as one of the nation’s five major electricity groups that shoulder the mission of ensuring China’s energy security. The zone is currently pressing forward with three strategic industries – new energy vehicles and intelligent connected vehicles, new energy, and new materials. It will also focus on building its “3335” modern industrial system.
Liu said that the zone will support SPIC in expanding businesses in Wuhan with more preferential policies and effective government services, thus creating a win-win situation for all parties involved.
SPIC is owned and directly administered by the central government, and operates businesses in power, industrial finance, hydrogen energy, energy storage, green transportation, smart energy, carbon market and trading.
Its cooperation with WEDZ dates back to 2020, when the firm founded a hydrogen energy technology company, and invested 7 billion yuan to build its hydrogen energy industrial base in Central China.
