China Holdings, Inc. Announces Its 3rd Biomass Renewable Energy Project (Power Capacity: 50 MW); Total Potential: 150 MW in Biomass Energy Pipeline

Wednesday, November 21, 2007 General News
Email Print This Page Comment bookmark
Font : A-A+

LAS VEGAS, Nov. 20 China Holdings, Inc.,a global diversified asset holdings company, and its subsidiaries engage inmultiple China-focused business activities including energy, renewable energy,resources, utilities, finance, real estate, and pharmaceuticals, announcedtoday the Company has executed its 3rd development contract to develop andconstruct its 3rd Biomass Energy Power Generation Plant with a power capacityof 50 MW through its controlled subsidiary "China Power, Inc." in cooperationwith the local government in AnHui Province of the People's Republic of China.The breakthrough brings the Company's Biomass Energy Power pipeline potentialpower capacity to 150 MW.

All resources needed to develop and construct the 3rd 50 MW Biomass EnergyPower Generation Plant such as power supplies, water supplies, straw suppliesand 215 MU (1 MU = 667 sq. meters) of land have been secured with the localgovernment. The Company has secured, and/or will have secured the AdvancedTechnology (CAPS-II pyrolysis system, the leading technologies of biomassenergy systems in the world), Efficient Combustion Resulting in Clean Emission(CAPS-II pyrolysis system is environmentally friendly and economicallyprofitable, in disposing of agricultural waste), and Modular Design MaximizingFlexibility, etc.

The Third Biomass Energy Power Generation Plant/Project (Power Capacity:50MW) has very similar advantages and benefits from government policies as theCompany's 1st & 2nd Biomass Energy Power Generation Plants/Projects (2 x 50 MW= 100 MW). The 3rd Biomass Energy Power Generation Plant (50MW) has the totalexpected annual power generating capacity of 400 million kilowatt-hour (kWh)and expected annual revenue of approximately 250 million Yuan, and expectedannual net income (45% of Revenue) of approximately 112.5 million Yuan basedon 8,000 annual operation hours. The sales price of electricity is RMB 0.60Yuan/kWh (approximately USD $0.080/kWh) which is protected by a governmentsupervision system that insures full purchase and payment through thegovernment's Policy Protection for the purchase of electricity by biomassrenewable energy. According to State Government NDRC, green electricity willhave priority in sales to the state grid and large thermal power companies.The total investment for this Biomass Energy Power Generation Plant/Project.(Power Capacity: 50 MW) is also approximately RMB580 million Yuan: 35% in cashinvestment and 65% will be from China-based bank loans with preferred interestrates with government policy protection for the Biomass Renewable EnergyProject. Approximately 70% to 85% of the construction costs through non-recourse and long-term debt financing/bank loans. This Biomass Energy PowerGeneration Plant will be expected to be fully operational in approximately 2 -3 years.

The Company is also establishing longstanding strategic relationships withother power operators, financial sponsors, suppliers, subcontractors andgovernmental representatives that will ensure the Company's successfuldevelopment of renewable power generating facilities.

The Company is developing and building up its Renewable Energy Projects &Pipeline in Biomass Energy Power Generation Plants/Projects & HydropowerPlants in hopes of reaching a total Potential Power Capacity of 1600 MW ofRenewable Energy shortly via Merger & Acquisitions (M&A), Joint-VenturePartnerships with Biomass Projects & Hydropower Plants and companies,governments in China, or/and worldwide. The Company's Advanced RenewableEnergy Strategy & Plan in Hydropower Plants and Biomass Energy PowerGeneration Plants will enhance the technical, social, and environmentalbenefits of Biomass Energy /hydropower and provide investment and businessopportunities in the cost-competitive Biomass Energy /hydropower capacityenergy supply in China as well as around the world, which will increaseworldwide shareholders' value in the l

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z


News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store