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Natural gas

Huzhou Gas Co., Ltd. Announces Construction Contract for Natural Gas Engineering Project

Strategic Insights

— 1 min read

The Board of Huzhou Gas Co., Ltd. has announced that its wholly-owned subsidiary, Xinao Development, has entered into a Construction Contract with Zhejiang Ruimei and Hongyao Construction for the Natural Gas Engineering Project. The contract, signed on 13 October 2025, involves the installation of natural gas pipelines for Bid Section 1 of the project, with a contracted price of RMB8,744,000. This contract marks a significant milestone in the development of the project, which aims to expand the natural gas infrastructure in Huzhou City.

Key Takeaways:

  • The Construction Contract was entered into between Xinao Development, a wholly-owned subsidiary of Huzhou Gas Co., Ltd., and Zhejiang Ruimei and Hongyao Construction, as joint contractors, on 13 October 2025.
  • The contract involves the installation of natural gas pipelines for Bid Section 1 of the Natural Gas Engineering Project, with a contracted price of RMB8,744,000.
  • The payment for the project will be made monthly, based on the actual completed work volume of Bid Section 1, with Xinao Development paying through its internal resources.
  • The contract will become effective after being signed and sealed by all parties.
  • The joint contractors, Zhejiang Ruimei and Hongyao Construction, will undertake engineering services, with Zhejiang Ruimei being an associate of a connected person of Huzhou Gas Co., Ltd. and Hongyao Construction being an independent third party.
  • The project is located in various areas of Huzhou City, including Balidian Town, Zhili Town, High-tech Zone, Donglin Town, and Daixi Town.

Statistics:

  • The contracted price of the Construction Contract is RMB8,744,000.
  • The time period for the completion of the project is not explicitly stated in the original text.
  • The payment cycles will be monthly, based on the actual completed work volume of Bid Section 1.
  • The project is expected to expand the natural gas infrastructure in Huzhou City, with a potential impact on the local economy.

Sources:

  • Huzhou Gas Co., Ltd. (2025, October 13). Announcement of Construction Contract for Natural Gas Engineering Project. Retrieved from https://www1.hkexnews.hk/listedco/listconews/sehk/2025/1013/2025101301121.pdf

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