SEP, SPIC Jiangsu Company Sign Entrusted Management Deal on Project Construction

On May 14, SEP and SPIC Jiangsu Electric Power Co., Ltd. (SPIC Jiangsu Company) signed an agreement on the entrusted management of engineering construction of the 300 MW Dafeng Offshore Wind Power Project in Nanjing, witnessed by SEP Chairman Wang Yundan and SPIC Jiangsu Company President Wei Juliang. Also present at the signing ceremony were SEP CFO Chen Wenhao, SPIC Jiangsu Company CFO Wang Sandu, Deputy President Li Gang, and Discipline Inspection Committee Secretary and Labor Union Chairman Li E.



The signing of the agreement embodied that SEP and SPIC Jiangsu Company implemented SPIC's development layout and reform spirit of "province as entity" and realized the group company's objective of "regional centralized operation and unified management" regarding new energy project assets. Both companies would leverage their respective advantages, carry out comprehensive cooperation in engineering construction management, operation, maintenance, etc., form scale synergy effect in offshore wind power project construction, and make a solid step in the realization of "corner overtaking".


Located in the sea area of Dafeng, Yancheng City, Jiangsu Province, Dafeng Offshore Wind Power Project has an installed capacity of 302.4 MW, and is scheduled to complete grid connection with full capacity in October, 2018.


The leaders of SEP General Office, Planning and Development Department, Finance Department, Securities Department, Engineering Management Department, SEP Operation, as well as related departments and affiliates of SPIC Jiangsu Company attended the signing ceremony.

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