Kaidi Power buys three biomass power plants

Kaidi Electric Power (000939) announced today, to 296 million yuan to buy the holding shareholder Kaidi Holdings of three biomass power plants, including the current profitability of the best Suqian biomass power plant. Kaidi Electric Power Chairman Chen Yilong in the Chinese securities newspaper reporter said, the biomass energy industry prospects are getting better, the company holding shareholders Kaidi Holdings will continue to support the company bigger and stronger, Kaidi power will seize energy saving and emission reduction, the development of green energy opportunities, accelerate the construction of biomass power plant,　　Strive to be an early development of Kaidi Power into a leading enterprise of biomass energy. Kaidi Electric Power Bulletin shows that the acquisition of the holding shareholder Kaidi Holdings Suqian Kaidi Green Energy Development Co., Ltd., Wanzai County Kaidi Green Energy Development Co., Ltd., Wangjiang County Kaidi Green Energy Development Co., Ltd. 100% stake in the three biomass power plants are expected to achieve a net profit of 25.85 million yuan in 2011,　　After the formal commercial operation, the average return on net assets will be no less than 14%, higher than the recent average net asset yield of Kaidi power. According to the company's announcement, the proposed acquisition of three biomass power plant installed capacity of 2 12MW, of which Suqian power plant in January-October this year has accumulated 116.219 million degrees (Internet power), the total operating hours for 13545.12 hours,　　One of the two-machine after the cumulative power generation 100.3716 million degrees, 2010 3-October has realized a profit of 10.6343 million yuan, and Wangjiang power plant, Wanzai power plant will be in 2011 to achieve dual-computer grid-connected power generation. It is noteworthy that, as a low-carbon economy biomass power plant, the acquisition of the three power plant CDM applications have been submitted to the United Nations, is expected to register successfully in the first half of 2011. After successful registration, the CDM's estimated annual income is about RMB 30 million and is expected to be received by 2012 after the necessary CDM review process has been implemented.　　and three power plants are expected to receive 8.37 million yuan, 18.52 million yuan, 27.21 million yuan, 28.26 million yuan and 28.26 million yuan VAT return in 2015 2011 respectively.　　According to the introduction, although this August Kaidi electric power Non-public offering shares are not, but the company is still convinced that the development of biomass energy is not relaxed, the company's controlling shareholders to develop biomass energy projects not only not affected, but the pace of development is increasingly faster. Chen Yilong said that since the second half of this year, biomass power generation of the macro environment is getting better, mainly in the following two aspects: first, the state to support the biomass power generation industry policy efforts to further increase. The electricity price of biomass is increased to 0.75 yuan/degree, and it is required to optimize the industrial layout of biomass power generation projects, avoid blind development, Yihongershang, scramble for raw materials to raise raw material costs and other outstanding problems affecting biomass energy development have been solved; Secondly, the development of biomass energy is more and more recognized and supported by society. With the Suqian, Jianli and other profitable biomass power plants emerging, whether professionals or investors, there is less debate and suspicion about biomass power generation, the original thought that biomass power generation must lose the sound has basically disappeared, more and more people have realized that biomass power generation not only has good social benefits, but also profitable, so currently all over the biomass power generation projects have been hot. According to the introduction, as early as 2004, the company's holding shareholders Kaidi Holdings focused on the development of biomass energy, is the earliest in the country to enter biomass energy development, one of the few enterprises. After several years of exploration, Kaidi Holdings has gradually formed a core competitiveness of biomass energy construction management and business Operation model. The company also set up a professional team, directly involved in the international carbon exchange market, has reached a deal with a number of intentions, will receive considerable carbon revenue, each year, each biomass project is expected to produce about 170,000 CERs (CERs), the annual CER sales revenue is expected to be 17.8 million yuan. At present, the relevant audit preparation work is in progress.