China Nature Energy Tech clarifies PowerChina unit is EPC contractor for Zhanjiang energy storage project

  • China Nature Energy Technology issued a supplemental clarification on its EPC contract for the Zhanjiang Energy Storage Project.
  • Identified the contractor as POWERCHINA Chengdu Engineering, a unit of PowerChina, ultimately owned by China’s SASAC.
  • Stated the contractor and its ultimate beneficial owner are independent third parties, not connected to the group.
  • Explained the EPC contract value was set via an arm’s-length tender; three bidders participated, with selection based on combined commercial, technical, pricing scores.


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