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GCL New Energy's Jiande Pumped Storage Project Secures 10 Billion Yuan Syndicated Loan
On March 18, the signing ceremony for the billion-yuan syndicated loan for the Zhejiang Jiande GCL Pumped Storage Power Station project, which is invested and built by GCL Energy Technology, was held in Zhejiang Jiande. The syndicate, which is made up of 8 financial institutions, will provide a 32-year loan with a total amount of 10 billion yuan for the Jiande pumped storage project. As the pumped storage power station with the largest installed capacity in East China, the Jiande pumped storage project has a total investment of over 12.5 billion yuan. It is a key project in the national pumped storage long-term medium- and long-term development plan, and also a major construction project under Zhejiang Province’s “Thousand Projects and Trillion Yuan” initiative. (People’s Finance News)