Yongxing Project Overview and Xinyuan Project Investment Highlights
Tongshan Project
Tongshan District
Estimated investment of ~RMB420 million for Phase 1, secured by investment of RMB126
million in project equity.
Capacity
Designed steam capacity (t/h)
Designed electricity capacity (MW)
Phase 1
Total
1X130
2X130 (=260)
1X35
2X35 (=70)
Construction of Phase 1 is expected to be completed in 2021
Location: Xuzhou, Jiangsu province, ranked 28th among China's "Top 100 Districts" for
investment potential in 2018
Project Highlights
A biomass cogeneration project to supply clean heating to local residents as well as electricity to the State Grid, which differentiates it from a
pure biomass power plant.
Used as a natural gas replacement, biomass as a fuel source to supply steam/heating will help the local government to address people's
livehood issues and alleviate the cost of heating subsidies. It will also reduce pollution and realise energy conservation through the
combustion of local agricultural waste. As such, this investment is fully aligned with China's national development policies and is expected to
gain more support from the local government.
Grant of 30-year concession right by the local government, effectively delivering the Group a captive market for heat within a radius of 20
kilometers of the project.
Ready base of resilient customers in the concession area can be expected to ensure immediate customer subscriptions, providing immediate
revenue flows for the Project once commissioned.
Abundant local biomass resources can meet the biomass demand of the project.
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