Project Name: EDA Western Thermal Power Plant

Region: Yantai City Shandong Province
Contact Person: Meitang Wen
Tel: 00086-535-6396609£¬6396611¡¡ Fax: 0086-535-6396666
Email:asia@yantaiinvest.gov.cn

Project Sponsor: YEDA State Owned Assets Management CompanyYantai Hongyuan Power Industry Co., Ltd.

Total Investment(Unit: USD10000):US$15million

Mode Of Cooperation: Equity Joint Venture Or Cooperatively Managed Venture

Brief Introduction To The Project:
YEDA State Owned Assets Management Company Is The Investment Company Directly Under The Administrative Committee, Yantai Hongyuan Power Industry Co., Ltd. Is Registered By Yantai Industrial & Commercial Bureau, Both Of Which Are With Rich Experience In The Field Of Enterprises Management.According To The Heat Supplying Plan Of YEDA, The Heat Needed By The Area To The West Of Huasha Road Will Be Met By YEDA Western Thermal Power Plant. The Demand Of Heat For Industrial Use Has Been Increasing With The Fast Development Of The Western Part.. With 43.15% Of The Land For Industrial Use In The Western Part Of YEDA And A Residential Area Of 587,000 Sq. Km, It Is Very Urgent Now To Build The Western Heat Resource, For Which, An Investment Is Needed To Be Introduced. It Is Proposed To Install A Double Exhausting Air Condensing Heating Sets Turbo Generator And Two Circulating Fluid Bed Boilers Preliminarily, The Final Scale Will Be Four Boilers And Three Generators. The Raw Materials Are Available In The Local Market. An Annual Output Value Of RMB 49.22 Million Yuan Will Be Realized, Among Which, RMB 20.17 Million Yuan Is From The Power Generation, RMB 29.05 Million Yuan Is From Heat Supplying. With The Interior Profit Rate Of 15.8% And Profit Rate From Investment Of 16.2%, A Profit Including Tax RMB 17.4 Yuan Will Be Realized. The Payoff Period Of The Investment Will Be 7 Years.