CHTI: The joint venture company plans to invest 10 billion yuan in new energy power generation projects

On the evening of September 17, CHTI issued an announcement that its subsidiary Baiyin China Nuclear Times New Energy Co., Ltd. and the Baiyin Municipal People’s Government signed a new energy power generation project investment framework agreement.

CHTI plans to select a site in Jingtai County, Baiyin City, to invest in the construction of a new energy power generation project “integrated source, grid and load storage”. 10 billion yuan. The project will be constructed in three phases, and the construction period is expected to not exceed 48 months.
It is reported that Baiyin China Nuclear Times New Energy Co., Ltd. is a joint venture company jointly funded by CHTI. and Times Yongfu Technology Co., Ltd., a subsidiary of Ningde Times New Energy Technology Co., Ltd. Each holds a 50% stake in China Nuclear Times. Relying on the industrial advantages of Gansu Dongfang Titanium Co., Ltd., a wholly-owned subsidiary of the company, CNNC Times has vigorously promoted the investment, construction and operation of integrated smart new energy projects such as photovoltaics, wind power, and energy storage.
The purpose of this cooperation is to support the electricity demand of Oriental Titanium’s “Sulfur-Phosphorus-Iron-Titanium-Lithium” green recycling industry project, especially with an annual output of 500,000 tons of iron phosphate, an annual output of 500,000 tons of lithium iron phosphate, The project with an annual output of 500,000 tons of water-soluble monoammonium phosphate (water-soluble fertilizer) and the supporting power consumption of related facilities, rationally develop wind power and photovoltaic resources in Baiyin area.