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The electric-power generation company (the “Company”) was established in 2002, which covers an area of 1.33 square kilometers. It mainly engages in coal-fired power generation, production and sales of electric heating and its ancillary products, and provides corresponding management and technical services. The Company is located in one of the richest areas in Mainland China, with well-developed land and water transportation and superior market environment.
In addition to investing in other power generation companies, the Company has built six generating units, including two 135MW, two 320MW and two 330MW units. At present, the total installed power generation capacity of the Company is 2170MW. The Company has a river bank line of 1,700 meters and a special coal wharf with double berths. The maximum berthing capacity of the two berths is 50, 000 tons and 70, 000 tons, respectively, with a maximum design capacity of 9 million tons per year.
The Company has built and put into operation of the heating pipeline covering an area of 15 square kilometers, heating line length of 30 kilometers, the average steam supply of nearly 100 tons / hour. According to the plan, the heat supply of the Company will reach 500 to 600 tons / hour in the next five years, which is the only heat source in the city and its surrounding towns.
According to the 2019 audit report, its operating income is US$ 56 million, net profit is US$ 27.41 million, and total assets is US$ 1.8 billion.
Shareholder of the Company intends to sell 19% of its equity at a price of US$ 168 million.
Please be noted: The Company is located in Mainland China (The People’s Republic of China). Any interested party needs to show proof of funds and locks up the funds for purchase purpose.
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