CTG Financial Leasing makes first investment in Shuibuya Dam
Date: 2019-09-02
CTG Financial Leasing allocated the first tranche of RMB 21.65 million for the modernization of generators and turbines at the Shuibuya Dam managed by Qingjiang subsidiary of Hubei Energy Group’s on August 22.
With a total contract value of RMB 144 million, it is the first hydropower project invested by CTG Financial Leasing.
Located in the main stream of Qingjiang River in Hubei Province with an installed capacity of 1,840 MW, the Shuibuya Dam is the largest hydropower station in the Central China in terms of capacity per unit except for the Three Gorges Dam. It is also one of the most pivotal powerhouses to regulate peak load and frequency in the region.
The technical upgrading project, expected to commence in September 2019 with a total construction period of 44 months, is designed to ensure the stable operation of key power sources in the Central China Grid system.
Positioned as a key vehicle to support China Three Gorges Corporation (CTG)’s hydropower business, CTG Financial Leasing will promote coordinated development of a range of business sectors across the group in the future.
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