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The city of Nanjing has made unremitting efforts to tap advantageous resources to build power industry cluster. Jiangsu is a major powerhouse in the new power and new energy equipment industry, making it competitive in advantageous industrial chains such as smart grids, wind power equipment, and ultra-high voltage equipment.

Jiangsu Xiyuan Group, a 10-billion-yuan major power investment project, recently settled in Ninghai Road Sb-district, Gulou District, Nanjing City. The company completed the process from intention signing to settling in the office in just 15 days.

“We have had contact with governments in other places and they required us to ensure how much tax we pay before considering the next steps of cooperation. However, the Ninghai Road Sub-district government did not put forward any preconditions so that we can focus on doing our own business”, Xu Wei, General Manager of Jiangsu Xiyuan Group, said.

In Jiangsu, high-quality power industry resources and industrial resources are mostly concentrated in Nanjing.

As the core area of Nanjing"s power industry, Ninghai Road Sub-district is home to a number of high-quality power government academic, financial and cultural bases including State Grid Jiangsu Electric Power Company Jiangsu Electric Power Trading Center and Hohai University.

Based on these geographical advantages, in recent years, Ninghai Road Sub-district has initiated the establishment of provincial-level power enterprise associations, Yangtze River Delta Power Energy High Quality Development Industry Alliance and some other platform carriers, successfully building a communication bridge between the government and enterprises, achieving resource sharing and demand mutual assistance among enterprises.

In the past three years, the sub-district government has attracted the settlement of 12 power enterprises above designated size, with an annual total industry revenue of 493.5 billion yuan, accounting for more than half of Nanjing’s power industry.

“Our overall work philosophy is to make good use of power resources, focusing on power research and development power design consulting, electricity sales power equipment sales, power engineering, power cultural innovation and new energy fields. Through high-quality power resources, we aim to create the ‘Jiangsu Electric Valley’ and ‘Electric Ninghai’ so as to cultivate a strong main force and contribute to the high-quality development of Jiangsu"s power energy industry”, Wu Hong, Director of Ninghai Road Sub-district government, Gulou District, Nanjing, said.

In the Nanjing plan, the new power industry has also been included. According to statistics, there are currently 578 power enterprises above designated size in Nanjing, forming a complete industrial chain covering the key links of "power generation, transmission, dispatch, communication, and comprehensive energy services". The revenue scale of the new power industry in the city in 2022 ranks first in the province.