TBEA yesterday announced that the company's holding company TBEA Xinjiang New Energy Co., Ltd. to invest roughly RMB 618 million yuan to the construction of 150 MW solar power project located in Wuwei City, Gansu Province for purpose of seizing the market opportunity and speeding up the development of photovoltaic resources.
After the completion of the power station, the company is able to further increase the operation scale. Meanwhile, compared with coal-fired power plants of the same scale, 86,800 tons of standard coal can be saved every year, which protects the ecological environment, realizes the coordinated development of resources, environment and economy, said the company.
It also released Annual Report 2021 yesterday, showing an operating revenue of RMB 61.278 billion yuan, a year-on-year increase of 37.40%. The net profit attributable to the parent company was RMB 7.255 billion yuan, up 196.34% year-on-year.
