China Power and Kunlun Energy Sign Gas-Power Partnership Agreement for Changshu Thermal Power Project

On March 10, 2025, Mr. Gao Ping, President of China Power, met with Mr. Qian Zhijia, General Manager of Kunlun Energy, and his delegation, to discuss collaboration on gas-power integration and renewable energy projects. The two parties signed an agreement for Kunlun Energy to acquire a 25% equity stake in China Power Changshu Thermal Power Co., Ltd.

Mr. Gao extended warm welcome to the delegation, and emphasized China Power's commitment to becoming a flagship clean energy enterprise, driving green transformation through innovation and a balanced growth approach. He underscored plans to refine gas-power asset management and deepen integration between thermal, gas, and renewable energy. He said that the partnership with Kunlun Energy opens avenues for synergies in gas-power operations and new energy development.

Mr. Qian affirmed Kunlun Energy's focus on expanding investments in gas-power and renewables, highlighting opportunities for mutual growth. He said that the collaboration aligns with both companies' strengths, paving the way for shared success in the energy transition.