Gate.io, October 25th - Jingneng Power announced that the company plans to acquire 51% equity of Xilin Energy and 100% equity of Chagan New Energy held by Jingneng Group in cash, with a total transaction price of CNY 689 million. Xilin Energy was established in 2009 with a registered capital of CNY 971 million. It has built 2x660,000 kW ultra-supercritical indirect air-cooled coal-fired generating units. The first and second units of the project are scheduled to be put into operation in September and December 2023, respectively. In 2023, Xilin Energy achieved operating income of CNY 376 million and a net profit of CNY 5.496 million. Chagan New Energy was established in December 2023 with a registered capital of CNY 5 million and has not yet started actual construction and operation.