On the evening of April 28, Datang International Power Generation Co., Ltd. released an announcement stating that it has officially signed a capital contribution agreement with Jiangsu Guoxin Group Co., Ltd. and Ordos City New Energy Development and Utilization Co., Ltd. The three parties plan to jointly establish a joint venture to advance the development and construction of the "Inner Mongolia Power to Jiangsu" project.
According to the announcement, the joint venture is tentatively named "Datang (Ordos City) Energy Development Co., Ltd." and will have a registered capital of 10 billion RMB. Specifically, Datang International will contribute 5.1 billion RMB, holding a 51% stake as the controlling shareholder; Jiangsu Guoxin Group will contribute 3.4 billion RMB, holding a 34% stake; and Ordos New Energy will contribute 1.5 billion RMB, holding a 15% stake. All three parties will make their contributions in cash.
According to the arrangement, the initial paid-in capital of 100 million RMB must be in place by August 31, 2026, with subsequent capital injections to be made in proportional installments based on the progress of the project's construction.
The core objective of establishing this joint venture is to advance the "Inner Mongolia Power to Jiangsu" large-scale energy base project. The project features a planned total installed capacity of 14.64 GW, comprising 4 GW of wind power, 8 GW of solar photovoltaics (PV), and 2.64 GW of coal power. Additionally, it will be equipped with a synchronized 2.04 GW / 8.16 GWh energy storage system.
Meanwhile, the project's supporting power transmission corridor has been incorporated into the mid-term adjustment plan of the national "14th Five-Year Plan." It is designed as a ±800kV direct current (DC) transmission line with a rated transmission capacity of 8 million kilowatts. The starting converter station is located in Hangjin Banner, Ordos City, Inner Mongolia Autonomous Region, while the receiving end is situated in Jiangning District, Nanjing City, Jiangsu Province. The planned route spans 1,886 kilometers, passing through the five provinces of Shanxi, Hebei, Shandong, Henan, and Anhui.
It is reported that the estimated total static investment for the project is approximately 58.1 billion RMB. The project's capital funds will be provided by the joint venture, while the remaining investment will be secured through external financing. The registered capital is preliminarily allocated across the wind power, solar PV, and coal power sectors at 2.8 billion RMB, 5.4 billion RMB, and 1.8 billion RMB, respectively. The investment for the energy storage system has already been factored into the wind and solar PV projects based on their capacity proportions.
At present, the project is still in its preliminary development stage. The initial funds will primarily be used for feasibility studies, regulatory approvals, and other related preliminary expenses.
Source：EnergyTrend
