On September 30, Gleonhui announced that China Nuclear Energy Technology (00611.HK) will sign a Qidian Energy Equipment Purchase Agreement with Qidian Energy (as the supplier) through its indirect wholly-owned subsidiary, Nanjing Nuclear (as the buyer), on September 30, 2024. Under this agreement, Nanjing Nuclear agrees to purchase and Qidian Energy agrees to sell Qidian Energy equipment for the development of the 100-200 megawatt capacity Nanxiang Energy Storage Power Station in Lincang City, Yunnan Province, China. The price of the Qidian Energy equipment purchase agreement is 1.156 billion RMB. It is expected that the Nanxiang Energy Storage Power Station will be connected to the grid and start generating electricity by December 31, 2024. After construction is completed, the Nanxiang Energy Storage Power Station will be owned and operated by the group.