This year, only 480k yuan was invested in gas and electricity, with the rest postponed until next year. The pace is a bit tight.

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Yue Electric Power A: The new photovoltaic projects are affected by the power market environment and policies, and the generation capacity and benefits have not been fully realized.
Yuedian A states that in the first quarter of 2026, wind power profits remained stable year-on-year;
New photovoltaic projects are affected by market and policy influences, and the power generation capacity and benefits have not yet been fully released, with revenue growth not offsetting depreciation and interest, leading to increased losses.
The 14th Five-Year Plan is being drafted, with 2 million kilowatts of coal power installed capacity under construction, expected to be put into operation in 2027;
Approximately 2.94M kilowatts of gas-fired power capacity are under construction, with about 485k kilowatts to be commissioned in 2026, and the rest in 2027;
About 800k kilowatts of new energy capacity are under construction, with the actual commissioning time possibly adjusted.
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