12 May 2014
Everbright International's Shanxi Ningwu Wind Power Project to Commence Construction Soon
Expanding Shanxi Market with a New Breakthrough in Wind Power Business12 May 2014, Hong Kong – China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 00257) is pleased to announce that the wind power generation project invested by the Group in Ningwu County of Xinzhou City in Shanxi Province ("Ningwu Wind Power Project"), has finished its wind resources assessment and commenced project preparation. The investment and construction of Ningwu Wind Power Project is based on the investment agreement signed by Everbright International and Ningwu County Government of Xinzhou City in Shanxi Province in September 2011.
In February 2014, Changfangshan Phase I ("Changfangshan Phase I") and Zhaojiashan Phase I ("Zhaojiashan Phase I") of the Ningwu Wind Power Project were included in the fourth approval scheme of wind power generation projects in the Twelfth Five-Year Plan of the National Energy Administration, and were approved by the Shanxi Development and Reform Commission in April 2014.
The total investment of Changfangshan Phase I and Zhaojiashan Phase I is estimated to be RMB848 million. The two projects will each have an installed capacity of 48MW. Project preparation and the construction of supporting facilities of Changfangshan Phase I and Zhaojiashan Phase I are currently being implemented.
Mr. Chen Xiaoping, CEO of Everbright International, said, "The successful implementation of the Ningwu Wind Power Project is a major breakthrough for Everbright International in a new region as well as a new business sector. The advancement of the project is a significant development for the Group in the area of alternative energy and provides an entry point for the Group into the Shanxi market. Adhering to high quality project construction, outstanding management and excellent technical standards, Everbright International will make every effort to make the Ningwu Wind Power Project an excellent environmental protection project, so as to lay a solid foundation for the Group's future development of the environmental energy and environmental water businesses in Shanxi Province."