On April 21, 2023, a framework agreement on cooperative development of the pumped storage power station project in Fogang County, Qingyuan City was signed in Guangzhou. Nanwang Energy Storage Co., Ltd., the People's Government of Fogang County, Qingyuan City, Guangdong Province, and the East China Survey and Design Institute of China Power Construction Group Co., Ltd. The three parties of the limited company entered into this agreement.

The Fogang County pumped storage power station project is planned to be located in Pianshipu Village, Longnan, Shijiao Town. The initial project construction scale is 1.2 million kilowatts. The estimated static total investment of the project is about 7 billion yuan. The construction period is 5 years. After completion, it can stimulate local The gross national product is about 10 billion to 20 billion yuan, which can contribute 150 million to 200 million yuan in local tax revenue every year, and provide 3000 to 5000 jobs for residents.

Fogang pumped storage power station has obvious advantages in location, moderate water head and storage capacity, good energy storage conditions, few constraints, and excellent construction conditions. Long-term development planning conditions. After the completion of the project, it will further improve the regulation capacity of Guangdong's power grid and the reliability of power supply in the northern region of the Pearl River Delta, and promote the integration and consumption of new energy in Fogang and surrounding areas. At the same time, it will effectively stimulate investment and serve the high-quality development of local economic society. Editor / Zhao E