The 14th Five-Year Plan is a new stage for the development of renewable energy, and the construction of pumped storage power stations will boost sustainable economic development. On April 21, 2023, Nanwang Energy Storage Co., Ltd., Fogang County People's Government of Qingyuan City, and PowerChina East China Survey and Design Research Institute Co., Ltd. signed a framework agreement on the cooperative development of the Fogang County Pumped Storage Power Station Project. Sun Liqun, deputy general manager and member of the party committee of CSG Energy Storage Company, Yin Shiji, deputy general manager of the East China Institute, and Changjiang Hongping, deputy secretary of the Fogang County Party Committee, attended the signing ceremony and delivered speeches.

According to reports, the Fogang County Pumped Storage Power Station Project is located in Shipu Village, Shijiao Town, Fogang County, Qingyuan City, Guangdong Province. The initial construction scale is 1.2 million kilowatts, and the static investment of the project construction is about 7 billion yuan.

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.

Fogang County will continue to adhere to the purpose of "thinking for investors and promoting investors' success", and will do its best to create a high-quality environment that is conducive to the implementation of projects. It is hoped that Nanwang Energy Storage Company and East China Research Institute will take this signing as a new starting point to speed up the preliminary work of the project, urge the project to start early, build early, put into production early, and achieve early results, so as to achieve mutual benefit and win-win for both parties, and contribute to Fogang's economy. Good and fast development to make greater contributions.

The planning department, infrastructure department, construction management branch of CSG Energy Storage Co., Ltd., the South China Regional Headquarters of the East China Institute and the heads of relevant units in Fogang County witnessed the signing. Editor/Xu Shengpeng