Promoting the cooperation of PV power plant projects at home and abroad

Aerospace electromechanical (600151) bulletin, as the Shanghai Space Agency and Shanghai Industrial (Group) Co., Ltd., the main implementation platform for new energy cooperation, September 17, 2010, the company and the real infrastructure Holdings Limited, Shanghai Industrial Holdings Limited,　　Company holding subsidiary Shanghai Aerospace Photovoltaic Power Co., Ltd. in Hong Kong, China signed the "pre-sale agreement", with the real infrastructure signed the "Purchase intention" and "cooperation framework Agreement". Pre-sale Italy project reported that Shanghai space Agency and Shanghai Industrial (Group) Co., Ltd. signed on July 19, 2010, "on the promotion of new Energy Development Cooperation Framework Agreement", the two sides intend to adopt the capital cooperation method, first through the domestic and foreign photovoltaic power plant project cooperation in the form of concrete implementation of strategic cooperation Shanghai Space Agency is mainly responsible for providing prophase development of PV Power Station project, EPC Contract construction of PV power station project and operation Management after the completion of PV power station.　　Shanghai Industrial (Group) Co., Ltd. is mainly responsible for the provision of photovoltaic power plant project investment funds required.　　Aerospace electromechanical bulletin shows that the signing of the project pre-sale agreement pre-sale project is located in Italy, the price of the provisional account of 20.739 million euros.　　The specific content of the pre-sale agreement is, if the project meets the requirements of the technical quality, the actual infrastructure will purchase 100% rights to aerospace Spain at the agreed price within the period of 4 months after the first payment to the aerospace machinery and electronics holding subsidiary in space. Aerospace Spain pledged 100% stake in the pre-sale project and the right to charge the project to the real infrastructure. On the real Infrastructure Reserve project transfer of 10% for the project quality guarantee.　　If the aerospace Spain has not completed the pre-sale project acquisition in the agreed period, this agreement terminates.　　Joint development of the Sardinia project at the same time, by the company's fourth annual provisional general Meeting approved 2009, the company's joint venture Trp-pve B.V. Invest in 11.8MWp PV grid-connected power plant (Sardinia project) in Sardinia, Italy, the "purchase intention book" involves cooperation projects for the Sardinia project.　　On the real infrastructure to set up a subsidiary to buy all the rights and interests of Sardinia projects, aerospace machinery and electricity to the new unit to buy Sardinia project all the rights and interests of the acquisition cost of the benchmark to subscribe a certain proportion of interest, jointly develop and operate the Sardinia project. Real infrastructure to enjoy the priority of the project in Sardinia. The final transfer of the project interests in Sardinia depends on: The Sardinia Project completes grid-connected power generation; The due diligence results of the project meet the requirements of the real infrastructure; After the transaction price is determined, the IRR calculated according to the financial calculation model confirmed by both parties is not less than the agreed number.　　After the purchase of real infrastructure to enjoy the preferential distribution of project income in Sardinia. In addition, the aerospace electrical and mechanical infrastructure to be jointly funded in Hong Kong to set up by the real infrastructure Holdings Limited, specific shares and the amount of capital negotiated separately.　　The joint venture company is to invest, build and operate the PV power station project of not less than 100MWp in the overseas in 2011. On-Solid infrastructureBe responsible for assisting the JV company in financing the investment projects. Aerospace electromechanical is responsible for providing project development, submitting project data, obtaining power station development license, undertaking project EPC and so on. The joint venture company in principle all from the aerospace electromechanical procurement and project-compatible PV modules.