Nemongwa 5 billion yuan investment in the power plant phase three

Nemongwa (600863) 21st announcement, the company will work with Beijing Energy Investment (Group) Co., Ltd., North United Electric Power Limited liability company jointly funded the establishment of a limited liability company, investment 5 billion yuan in the construction of power plant phase three and subsequent expansion of the project. April 21, 2010, Nemongwa with the northern United Electric Power Co., Ltd. signed an agreement to jointly fund the formation of the second generation of Inner Mongolia Power Limited liability company, investment in the construction of the power plant phase three project.　　One of the Nemongwa electricity investment 51%, the northern United Electric Power Company contributed 49%. Subsequently, NEMONGWA electricity to consider the requirements of Beijing Energy Investment Company and all parties in Inner Mongolia Power Generation Limited liability company (on all power Plant II project) Good cooperation, the three parties in the recent re-signed on the power Plant three expansion Project Framework agreement.　　The three sides decided to jointly set up the second power Generation limited liability company in Inner Mongolia, invested in the construction of the power plant three and subsequent projects, this phase of the project planning and construction of two 660MW coal-fired units. The current project dynamic investment Total is tentatively 5,086,760,000 yuan.　　The registered capital is 20% of the total investment in power generation projects, tentatively 1,017,350,000 Yuan. Nemongwa said that the capital construction on all three projects, can further adjust the company's unit structure, reduce energy consumption. From all Power Plant II project (Power Generation Co., Ltd.) at present profitability, it is expected that the power plant three project profitability is good, investment in the project is beneficial to the company. At the same time, the proportion of shareholder's contribution to the three-phase project of power plant has not affected the proportion of the company's contribution.