PVTIME – Recently, Wintime Energy Co.,Ltd. (hereinafter referred to as WTECL)(600157.SH) announced that its wholly-owned subsidiary Huaying Shandong signed a shareholder agreement with CHN Energy Shangdong, a wholly owned subsidiary of China Energy Investment Corporation (hereinafter referred to as CHN Energy), to jointly funded the establishment of CHN Energy Wintime New Energy in Taian City, Shandong Province, China, with a planned registered capital of 50 million yuan. Among them, CHN Energy Shandong invested 25.5 million yuan, holding 51% of the shares, and Huaying Shandong invested 24.5 million yuan, holding 49% of the shares.
The business scope of CHN Energy Wintime New Energy includes, but not limited to, power generation, power transmission, power supply business, power facility installation, maintenance, testing, biomass gas production and supply, etc.
The construction scale of the phase I of CHN Energy Wintime’s photovoltaic power generation project is tentatively set at 40,000 kilowatts, and the total investment is tentatively set at 170 million yuan. The actual construction and investment will be determined according to the relevant policies of the local government and the needs of market development, and other projects will be gradually developed and constructed.
(600157.SH) announced that its wholly-owned subsidiary Huaying Shandong signed a shareholder agreement with CHN Energy Shangdong, a wholly owned subsidiary…){kind=link}