Jiangsu kuangda 22.14 million Yuan to buy Xinjiang 60MW of PV power generation projects

Polaris solar PV net news: Jiangsu kuangda 21st evening bulletins, company is a wholly owned subsidiary of electric power to be nobly to 22.14 million acquisition of fuyun NCP and Spa Guosheng 100% shares and the capital increase.

According to the announcement, passed by the company’s Board of Directors considered and agreed with the wholly-owned subsidiary Quantm power acquisition Guoxin sunshine energy, a licensed fuyun, Xinjiang NCP and Spa Guosheng 100% stake in both companies ‘ stock prices are about 11.07 million dollars, traded a total of 22.14 million dollars. Share transfer completed nobly and electricity to two project company fuyun and Spa Kunimori capital increase of 95 million dollars, 101 million dollars, respectively.

Fuyun, the League owns a 30MW fuyun photovoltaic projects, have been filing in Xinjiang Uygur Autonomous Region, the NDRC, the basic operating conditions. The project site is located in PV class resources area, in accordance with the relevant policies and regulations, benchmark price is 0.9 RMB/kWh (including tax).

Guosheng Spa has a spa a 30MW photovoltaic project, has been included in the Xinjiang Uygur Autonomous Region, national development and Reform Commission in 2014, photovoltaic power generation project construction plan, has not yet made the filing. The project site is located in PV class ⅱ resource area, in accordance with the relevant policies and regulations, benchmark price of 0.95 Yuan/kWh (including tax). Acquisition of 60MW of PV power projects the company will invest. It is estimated that after the completion of these two projects, forecast an average annual power generation is about 85.7205 million degrees, with an average annual electricity revenue of about 79.2758 million Yuan (including tax).

Company said acquisitions will further develop solar power plant operations, in line with the company in the development of the electricity sector positioning, company net profit growth will have a positive effect on future.

Company announcements on the same day, intends to wholly-owned subsidiary Quantm power capital increase of 250 million Yuan, after the capital increase-minded power will change to the registered capital of 500 million Yuan. Kuangda power is the implementation of the new energy business entity, the company will invest more in solar project development and construction of, and enhance its development in new energy capacity. Increasing capital funds will also be used for project acquisition and construction needs.

Released half a year on the same day the company reported that revenues 81,900 dollars in the first half, an increase of 30.39% and net profits of 84.8891 million Yuan, an increase of 27.29%, basic per-share earnings of 0.34 Yuan. Plate in the material performance of steady growth at the same time, last year’s successful takeover of Qinghai linuo solar power engineering company’s generating stable, in order to raise our company’s profit play a role.

Company expects earnings growth for the first three quarters of 10% to 40%, profit range from 123 million to 156 million Yuan.

Original title: Jiangsu kuangda 22.14 million Yuan to buy Xinjiang 60MW of PV power generation projects

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