Tuesday, March 27, 2012

Luneng Group Of China To Sell 22% Stake In Hami Wind Power

Shandong Luneng Group Co., Ltd. has listed for sale 22 % stake in Xinjiang Hami Guangheng New Energy Co., the listed price of 19.8268 million yuan.

Xinjiang Hami Guangheng New Energy Co., Ltd. was established on February 22, 2011, registered capital of 90 million yuan, the business scope includes: wind, photovoltaic farm construction; electrical energy processing; sale of electricity to the grid; to provide services for the power grid. June 30, 2011 as the base date of assessment, the assessed total assets of 90.3085 million yuan, net assets of 90.1218 million yuan, the transfer of the subject corresponding to the assessed value of 19.8268 million yuan.

The company is mainly focused on the operation of the first phase of the 49.5MW Hami 13-room wind farm project, and is expected to start the construction in March of this year, put into operation before December 31.

The total investment of the project is 449.4153 million yuan, and the construction period is one year.

The total installed capacity is of 49.5MW, with 33 1500 Model wind turbine installation, 2200 equipment power generation hours, and annual in-grid electricity generation of 10.89 million KWh.

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