Zhuhai Hengqin Energy Development Co. Ltd (ZHED) was established on September 6th, 2015, as a joint venture between SPIC Guangdong Electric Power Co.Ltd. (SPIC：State Power Investment Corporation, account for 55%) and Zhuhai Da Heng Qin Investment Co.Ltd. (account for 45%). The registered capital of ZHED is 300 million RMB. It is authorized to construct, operate, and develop a distributed system of hybrid-energy including cooling, heating, electric power etc., delivering green-utility services for all of the municipal and commercial premises in Hengqin New Area.
As an integrated energy-supplying enterprise, ZHED struggles to implement the "Hengqin Development General Plan", endeavors to supply multiple-clean energy, and strives to contribute to the construction of "Ecological Island" and "Low Carbon City", a pilot project in Hengqin New Area.
In accordance with "the Master Plan of CCHP (Combined Cooling, Heating and Power) in Zhuhai Hengqin New Area ", the whole area is divided into 5 major energy-supply segments with 9 energy stations to be built in total. The overall designed capacity will reach 450,000 RT, and the sum of investment will amount to 5 billion RMB.
The first phase construction includes: 4 energy stations (No.1, 3, 7 and 10), the supporting network of cooling&heating water pipelines, and steam pipelines with total length at 32.35KM. The total investment is about 1.307 billion RMB. Among which, the No. 3 energy station commenced in May 2016, providing services to Hengqin Headquarter Building, International Tennis Center (WTA), Fire Squadron, Hengqin NO. 1 Primary School, Kindergarten, Commercial Street of Hengqin Xin Jiayuan etc.. The construction of the No. 1, 7 and 10 has started in early 2017, and the official declaration and registration for the second phase construction also have been in progress.