Xishan Coal electricity 400 million increase capital Xishan thermoelectricity

Xishan Coal Electricity (000983) bulletin, the company and the controlling shareholder Shanxi Coking Coal Group Co., Ltd. jointly increase Shanxi Xishan Thermal Power Limited liability company, of which the company's own funds to increase its capital of 400 million yuan.　　After the completion of the increase in capital, Xishan coal Electricity to Xishan thermal Power cumulative contribution of 839.2 million yuan, accounting for the proportion of 91.65% of the company, Shanxi coking coal has pledged to increase the proportion of RMB 36.44 million yuan, the cumulative contribution of 76.44 million yuan, accounting for the proportion of 8.35% of the company's contribution. The announcement shows that the main business of Xishan thermoelectric power development. Installed on the scale of 3 50MW turbo-generator sets, with 3 240t/h circulating fluidized bed boiler, designed to wash coal and coal gangue. 2009 to complete the production capacity of 798 million kwh, sales of heat 1.7448 million Coke, to achieve operating income of 266.8214 million yuan, net profit-15.927 million yuan. As of September 30, 2010, Xishan Thermal Power total assets of 900.2087 million yuan, net assets of 355.8066 million yuan.　　Realize operating income of 187.3663 million yuan, net profit-78.0652 million yuan.　　After the capital injected into Xishan thermoelectric, will be used to return the West Hill thermoelectric bank loans of 210 million yuan, reduce the financial costs of 12.19 million yuan, the remaining 226.44 million will supplement the Western Hills thermoelectric liquidity. The announcement said that Xishan thermal power is shouldering the former Mountain area heating task, is a people's livelihood project, by the market and the policy influence, the generation enterprise is still difficult to get rid of the difficult situation in the short term. The company's capital increase will reduce the cost of the use of thermal power in Xishan, which is beneficial to the normal production operation of the company.