Shao-energy shares will raise 600 million of the investment to biomass power generation

Facts have proved that the earlier suspension caused by the Sino-Canton nuclear business will be the Shao-shares (000601) the implementation of asset restructuring market rumors, but a false alarm.　　Shao-Energy shares announced today that the company will raise funds through non-public offerings to biomass power generation projects. According to the release plan of Shaoguan stock, the company will not be more than 10 of the specific objects of the private issue of not more than 155 million shares, the issue price is not less than 4.05 yuan/share, the non-public offering of all the shares in cash subscription, raise funds in the deduction of the issuance costs are not expected to exceed about 628 million yuan. The project includes Shaoguan 2X30MW biomass power generation project in Guangdong Province and repayment of bank loans.　　Among them, the biomass power generation project is about 550 million yuan to be put into raising funds. It is understood that biomass power generation project is the use of Shaoguan's rich local forest harvesting and wood processing waste, forest grass irrigation plants, crop stalks, such as fuel for power generation, project construction period of 18 months. The project site within 50 km radius of forest harvesting and wood processing waste, undergrowth plant and crop stalks, such as biomass resources of 3.4382 million tons, biomass power plant annual burning biomass fuel 306,600 tons, the company has with 12 forest farms,　　5 wood processing plants and some brokers have signed a letter of intent for the purchase of biomass fuels, the annual supply reached 510,000 tons, the sustained and stable supply of fuel has been fully safeguarded. Shao-shares said that after the release, the company's profitability and risk-resistance capacity will be further enhanced. At the same time, in the first half of 2010, the company achieved a Shangbao hydropower station CDM project first carbon emission reduction amount of net income of 2.3168 million yuan.　　The company is currently actively preparing a biomass power plant to declare the CDM project, if successful declaration, the project will also be a certain amount of additional carbon emission reduction income. In addition, Shao-energy shares are expected to achieve net profit of 8200 to 85 million yuan in the first half of this year, an increase of 100% to 107.35%. The main reason is compared with the first half of 2009, the company in the first half of 2010, Guangdong Province, Shaoguan area of hydropower stations in the region rainfall and water flow has a larger growth, and more uniform; Meanwhile, in the first half of 2010, the production and operation of non-electric power enterprises resumed growth, which made the