Naz News, Gappers and FLE's

[Deewar25]

CTDC - perhaps gapper, major gapper if company PR's what appears to be huge news. So far, only reported in Chinese on the partner websites, and alerted by JLM...institution research. I was able to get the source from JLM and translated through google:

http://www.qhsolar.com/shownews.asp?id=318

China's largest solar power station and network set up in Qaidam Basin in Qinghai



The morning of December 27, Qinghai Haixi Mongolian-Tibetan Autonomous Prefecture People's Government and the China Science and Technology Development Group Co., Qinghai New Energy (Group) Co. Ltd. in Qinghai Yinlong hotel signed a Qaidam Basin GW-class large-scale solar power stations and network co-operation agreement. Qinghai Provincial Party Standing Committee, Provincial Minister of the United Front Work Department Dorje Dan, vice governor, mayor of骆玉林Xining, as well as the United Front Work Department of Qinghai provincial government, the provincial Science and Technology Agency, the Provincial Federation of Industry and Commerce, Provincial Department of Construction, the leadership of other departments attended the signing ceremony.

The total installed capacity of power plants 1GW, pioneered in the domestic use of non-silicon thin film, crystalline silicon photovoltaic cells mixed square. Signed on the 27th of the proposed grid 30MG solar power station project is the first phase of the overall plan for the content of cooperation, the amount of investment of about 10 billion yuan, will start the construction of 09 years. Upon completion, Chaidamu solar power station will be currently the largest photovoltaic power station grid.

Signing ceremony, Deputy governor pointed out: GW-level photovoltaic grid-connected power stations set up pilot Chaidamu economic zones, to take full advantage of the Qaidam Basin of solar energy resources and desertification, as well as in Qinghai Province led photovoltaic industry links the development of Qinghai Province into large-scale photovoltaic industry, the industrialization of the operation of the track of both the importance of our province photovoltaic industry is an important milestone in stride forward.

Qinghai New Energy (Holdings) Limited, chairman of Zhang Zhi-min on behalf of investors, speaking at the ceremony, he said: China Technology Development Group is the first in the U.S. Nasdaq-listed Chinese enterprises, with the global PV industry, sophisticated technology, Qinghai New Energy Group, as a leader in photovoltaic industry in Qinghai Province and the province's new energy industry's leading enterprises with the China Science and Technology Development Group cooperation, strong combination will surely achieve better advantage of resources complement each other and cooperate to maximize the effect, photovoltaic industry to promote our province as quickly as possible to flourish.


I am not sure if or when CTDC PR's this - it certainly seems genuine to me but I don't know if these guys have a useless IR and nothing comes out until year end report or something ridiculous like that. Either way, 30MG of the 1 GW project is valued at 140 million US??? This is pretty insane for a company worth only 30 million!

Not saying PR is coming...I'd hope it would, but even with the apparent knowledge of this arrangement, the stock price is ridiculous.

JLM note on it:
http://www.jlmpacificepoch.com/newsstories?id=138541_0_5_0_M

Good blog writeups here:
http://venturebeat.com/2008/12/30/china-is-the-biggest-plans-set-for-a-gigawatt-of-solar-panels/

http://seekingalpha.com/article/112839-two-chinese-companies-plan-world-s-largest-solar-power-plant?source=yahoo.