Gelonghui 1/16 丨Zhejiang Energy Electric Power (600023.SH) announced that the company plans to establish an environmental protection industry fund with Zhejiang Tiandi Environmental Technology Co., Ltd. (“Tiandi Environmental Protection”) and Zhejiang Zheneng Puhua Equity Investment Co., Ltd. (“Zhejiang Puhua”). The fund has pledged 351 million yuan, and Zhejiang Power plans to pledge 175 million yuan.The fund mainly invests in high-quality projects in the ecological and environmental protection related industrial chain, such as resource utilization of solid and hazardous waste, environmental treatment, and ecological restoration.
Since Zhejiang Energy Electric Power and Tiandi Environmental Protection are both holding subsidiaries of Zhejiang Energy Group Co., Ltd. (“Zhejiang Energy Group”), Zhejiang Power is the single largest shareholder of Zhejiang Energy Puhua, and Zhejiang Energy Electric has jointly established funds with Tiandi Environmental Protection and Zhejiang Energy Puhua to form related transactions.
