China Power International Development Limited (02380.HK) and Haixi Energy have entered into a BESS procurement contract.

The Zhitong Finance and Economics APP news reported that China Power (02380.HK) has announced that on May 30, 2025, New Source Smart Storage (a subsidiary not fully owned by the company) as the supplier, entered into a BESS procurement contract with Haidian Energy. According to the contract, New Source Smart Storage will provide energy storage system equipment and components, as well as related services for the Tusu project, at a price of 89.2 million yuan.