A-Power Energy Generation Systems, Ltd.(fka APWR)

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And what about this.. New or old..

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Wenergy power transfer two biomass power generation enterprises China Power Information Network
From: Date: 15/04/03 09:30:11 Views: 3


     The new energy concept flourishing today, it is difficult to imagine that a company would hand over control of the new energy projects people. Because of this, Anhui Electric Power yesterday's announcement surprised many people.
Anhui Electric Power said yesterday's announcement, endowment-owned subsidiary of Hanshan Wenergy Biomass Power Generation Co., Ltd. and Anhui Shucheng Biomass Power Generation Co., Ltd. can be introduced as a new shareholder of the new North power to increase their investment, the new North electricity to more than two companies were replenishment of 46.98 million yuan and 46.5 million yuan.
After the capital increase, the two companies have reached 60 million yuan of registered capital, the rights of the new North Power also 77.5% of the shares, the two companies became the new owner, the former major shareholder of Anhui Electric Power will take a back seat. Notification information from the view, two subsidiaries wholly owned by the establishment of Anhui Electric Power, is responsible for the construction of four 15,000 kilowatts straw turbine project, corporate management.
The new owner of two subsidiaries of the new North Power Information great background, which is the Liaoning Hi-Tech Energy Group, a wholly-owned subsidiary, is mainly engaged in the development of wind energy, bio-energy, solar, geothermal, waste generation and other renewable energy projects, investment, construction and management, while the actual control of Liaoning Hi-Tech is listed on NASDAQ in the United States the first American Energy Group.
Anhui Electric Power said the new Northern Power is engaged in straw power and other new energy projects developed by a professional management company, the new North electricity is introduced as a new shareholder, that will help the new North Power Advantage scale of operations and professional management of the straw power generation project, which will help increase revenue.
In its annual report for 2007, Anhui Electric Power has pledged to actively promote the development and utilization of new energy sources, after the company and CNNC Nuclear Power Project in Anhui reached jiyang investment intentions to achieve cooperation, determined to enter the new energy is not self-evident. On the contrary, the actual transfer of control of two subsidiaries seem unreasonable, after all, only in March last year to set up a wholly-owned energy and Anhui Shucheng Wenergy Hanshan, currently two projects have been approved by the Anhui Provincial Development and Reform Commission, is in a tight Construction.
"Daily Economic News" reporter who asked not to be named, analysts said, although wearing the new energy aura, but as the prospect of a biomass, straw regular real money gambling sites, but not as solar power generation, nuclear power, so bright. Compared with the same scale coal-fired generating units, the cost of straw power beyond the more than two times the average 0.25 yuan / kWh of electricity subsidies is so difficult to make a big difference. From the current situation, the market has put the profitability of straw power generation projects are generally poor, and even on the part of the company suffered a production loss of embarrassment. So the company put into operation before the introduction of the strength of the partnership, common future business risks.
Wenergy Power Securities Department staff, told reporters that at present, there is no two production subsidiaries, profitability evaluation can not make a late debugging, and the introduction of new partners but also to protect their profitability. She also denied that the recent market rumors about the company's asset restructuring. http://dsg4567.com