GCLET's pumped storage power station project secures a syndicate loan of 10 billion yuan

36Kr learned that the Zhejiang Jiande GCLET pumped storage power station project, invested and constructed by GCLET, has signed a loan syndicate worth 10 billion yuan. The syndicate, composed of 8 financial institutions, will provide a 32-year loan totaling 10 billion yuan for this pumped storage project. It is understood that this project is the largest pumped storage power station in East China by installed capacity, with a total investment exceeding 12.5 billion yuan. The main construction work commenced in September 2024, and it is expected to be fully operational and generating electricity before 2030