Investment in the construction of biomass power projects Shao-energy shares proposed to raise funds

Limited by the development of water and electricity in Hunan and Guangdong areas, Shao-energy shares will look to the emerging biomass power generation market. Shao-energy shares disclosed today's targeted additional plans show that the company intends to 4.05 yuan/share for the release of the reserve price, to the fund, brokerage, trust,　　Insurance, such as no more than 10 specific objects targeted to issue no more than 155 million shares of the company's shares, the increase in the amount of capital raised not more than 627.75 million yuan, raise funds will be invested in biomass power generation projects and repayment of bank loans. Shao Energy shares proposed to invest 551 million yuan in the new Guangdong province Shaoguan 2x30mw Biomass Power generation project, another 80 million yuan to repay bank loans.　　The project is based on a wealth of local forest harvesting and wood-processing waste, plant, crop stalks, etc. as fuel for power generation, construction scale of 2 130t/h high-temperature high-pressure boilers and supporting 2 sets of n30-8.83-type turbo-generator sets and ancillary production facilities, the construction period of 18 months. The company expects the project's total investment yield of 7.59%, project investment financial internal rate of return (income tax) 8.74%, Project investment payback period (after income tax) 10.71 years. The company said that the implementation of the project will open up the company's new areas of clean energy construction, further enhance the company's profitability, increase the new profit growth.