Accor Power shares to be re-listed

Shanghai United Property Exchange information shows that Shimian County Power Development Co., Ltd. 100% Equity and 35 million-dollar claims to be re-listed transfer.　　The company was listed on the Shanghai Stock Exchange in May 2008 with a 100% stake and 55 million per cent of its claims, and the transfer of the project was shelved after the Wenchuan earthquake, and the company was not actually adversely affected by the earthquake. The listing price has not yet been announced because it is an intentional project.　　The project information shows that the project will be formally listed after the audit evaluation, the transaction mode then determine, the listing price to the official listing price. Shimian County Power Development Company is located in Yaan Shimian County, Sichuan Province, the company's core assets for the Lama Ditch hydropower station, mainly for the construction of the hydropower station and production operations. Lama Ditch hydropower Station in May 2003 started construction, May 2006 three units completed and put into operation.　　Future operating period from June 2007 to May 2055. Lama Ditch hydropower station is located in Shimian County, Sichuan Province, the left bank of the grass branch in the territory, citing the two-level tributary of the Dadu River Lama ditch Jing stream power generation, dam site control area above 67.5km2. River channel average ratio drop 19.83%, water energy resources is very rich.　　The power station uses the gravity type low fence dam, the installed scale is 2x8000+5000kw, guarantees the output 7.72MW, the annual electricity generation 115.5 million degrees. After the Wenchuan earthquake, according to the National Grid statistics, affected by the earthquake disaster, forced to stop the power station a total of 167, the total outage capacity of more than 8.43 Million-kilowatt, 1264 10,000 volts above the line outage. The damage was mainly concentrated in power stations below 220,000 volts.　　In addition, because Sichuan power grid system is more special, the loss of rural power grid is more serious and the reconstruction is difficult. According to the introduction, the Asbestos energy development Company's core assets Lama ditch hydropower station because it does not belong to the Wenchuan seismic zone, the power plant has not been affected, and with the damage of other power plants, the Lama Ditch hydropower station 2008 years of online electricity, sales of electricity have increased significantly.　　Because of the long construction period of the power station, the future electricity and electricity consumption of the Lama ditch hydropower station will keep increasing steadily. As at May 31, 2007, the total assets of the company were 164.9535 million yuan, with a total liability of 68.5301 million yuan and net assets of 96.4234 million yuan, according to the income law. 2008, the company achieved 51,676,170 kwh of electricity, 50,644,270 kwh on the internet and 54,923,236 kwh.　　2008 to achieve the main income of 9.3941 million yuan, a loss of 297,100 yuan. China's small hydropower resources are very rich, development potential is very large, according to the the early 1980s census, its development capacity of 87 million kw, ranked first in the world, these small hydro distribution in the country more than 1600 mountain. The development of small hydropower in the Midwest area is about 58.28 million kw, accounting for 67% of the country.　　Mainly distributed in Guangxi, Sichuan, Guizhou and other fields. Small hydropower has long running life, rugged, stable electricity price, investmentThe recovery period is short, the investment cost is lower, the investment income is more stable, the technology is more mature, there is no advantage of technology development risk. The elegant power company is rich in water resources and can also achieve year-round production.　　100% of the company's equity for new investors, that is, to achieve the full holding of the company, with the right to operate decision-making, and the company's future operating earnings are all new investors. According to the introduction, YA-Energy power company belongs to enjoy the country's western development enterprise Income tax preferential policy scope. According to the Shimian County State Tax Bureau related documents Spirit stipulation, the power company since 2006 to enjoy the enterprise income tax "exempts two minus three" the preferential policy. In addition, the power companies such as the introduction of the strength, the background of investors, the Lama ditch hydropower station into a large network, its electricity prices can be greatly increased, increase revenue.