Bawang International (01338.HK) announced that its wholly-owned subsidiary Bawang Guangzhou, as the client, entered into an EPC contract with Zhensen Electric Power on September 6, 2024. Zhensen Electric Power will provide EPC services for the second phase of the distributed photovoltaic power generation project in Huashan Town, Huadu District, Guangzhou, with a contract price of 9.7 million RMB, and will install distributed photovoltaic power generation systems on the roofs of multiple buildings.
The planned installed capacity of Phase One in Huashan is approximately 1.82 megawatts, while Phase Two in Huashan is planned to have an installed capacity of about 3.42 megawatts. The second phase of the project is expected to start construction in September 2024 and is projected to be completed by the third quarter of 2025 or earlier.