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  1. Market Data
January 24, 2022

Fushi Phase I, China

By Carmen

Fushi Phase I is a 54MW hydro power project. It is located on Zhu river/basin in Guangxi Zhuang Autonomous Region, China. The project is currently active. It has been developed in single phase. The project construction commenced in 1992 and subsequently entered into commercial operation in 2000.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Hydropower 54 54 Active Guangxi Zhuang Autonomous Region, China CGN New Energy Holdings

Description

The project is developed and owned by CGN New Energy Holdings. The company has a stake of 70%.

Fushi Phase I is a run-of-river project. The hydro reservoir capacity is 450 million cubic meter. The project generated 287.8 GWh of electricity. The project cost is $50m.

The hydro power project consists of 3 turbines, each with 18MW nameplate capacity.

Development Status

The project construction commenced in 1992 and subsequently entered into commercial operation in 2000.

Power Purchase Agreement

The power generated from the project is sold to China Southern Power Grid under a power purchase agreement.

About CGN New Energy Holdings

CGN New Energy Holdings Co Ltd (CGN New Energy), a subsidiary of CGN Energy International Holdings Co Ltd, is an independent power producer. It generates electricity and steam using conventional and non-conventional energy sources. The company acquires clean and renewable power generation projects besides developing greenfield and brownfield projects. CGN New Energy constructs and operates wind, solar, gas-fired, coal-fired, oil-fired, hydro, cogeneration, and fuel cell plants in China and South Korea. The company’s portfolio of assets also comprises steam project. Its major customers are electricity off-takers. The company sells power through Korea Power Exchange. CGN New Energy is headquartered in Hong Kong.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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