SPIC's power firm sets up operation in WEDZ

The unveiling ceremony for the SPIC Hubei Electric Power Co is held on June 30. [Photo provided to en.whkfq.gov.cn]

State Power Investment Group (SPIC) Hubei Electric Power Co was unveiled in the Wuhan Economic & Technological Development Zone (WEDZ) on June 28.

The company will make itself SPIC's management headquarters in Hubei and will focus on key fields such as photovoltaics, wind power, and comprehensive smart energy.

So far, SPIC has invested in the zone for four times, with its total investment exceeding 20 billion yuan ($2.79 billion).

Liu Ziqing, secretary of WEDZ's working committee, and Zou Zhenyu, president of SPIC Hubei Electric Power Co, unveiled the company.

As one of China's five power generation groups, SPIC is engaged in centralized power and heat generation, consumer-side integrated smart energy, industrial finance, hydrogen energy, energy storage, and carbon market and trading, shouldering the responsibility of ensuring the nation's energy security.

SPIC's hydrogen energy industrial base and R&D center were set up in the zone in September 2020. The base boasts the most advanced proton exchange membrane production line with the largest output in China.

In October last year, a hydrogen energy transport operation platform built mainly by SPIC was established in the Junshan New City. Two months later, the company funded a comprehensive intelligent zero-carbon power plant in the zone.