(Hong Kong, 16th February 2017) Beijing Enterprises Clean Energy Group Limited (hereinafter referred to as “BECE”, the “Company”) entered into the development agreement in relation to the construction, development and management of photovoltaic power plant with Weishan County People’s Government, Jining City, Shandong Province*（山東省濟寧市微山縣人民政府）(hereinafter referred to as “Weishan Government”). Pursuant to the terms, Weishan Government agreed to grant to the Company exclusive right to construct a 50 Megawatt photovoltaic power plant in the advanced photovoltaic technology demonstration base in the coal mining subsidence area of Jining City*（濟寧市採煤沉陷區光伏領跑技術基地）, Weishan County* （微山縣）, Shandong Province. BECE will be in charge of the operation and management of photovoltaic power plant for 25 years upon completion of the construction and the total investment amount of the project is estimated to be not exceeding RMB520 million (including photovoltaic power plant and its ancillary
The project is under the Top Runner Program*（領跑者計劃）in Weishan County*（微 山縣）, Jining City* （濟寧市）, Shandong Province, the PRC as approved by the National Energy Administration of the PRC. The Top Runner Program sets out advanced technology benchmarks for photovoltaic industry in the PRC. BECE believes that securing of the project under the Top Runner Program demonstrates the comprehensive technical strengths of the Company, and signifies industry recognition and market leadership in the photovoltaic industry in the PRC. The project provides the Company with an opportunity to further expand its photovoltaic business in the PRC, broaden its sources of income and ultimately enhancing value to the Shareholders.
About Beijing Enterprises Clean Energy Group Limited
The Company was incorporated in Cayman Islands with limited liability and shares of which are listed on the main board of The Stock Exchange of Hong Kong Limited, stock code: 1250. The single largest controlling shareholder of the Company is Beijing Enterprises Water Group Limited (a company listed on the main board of The Stock Exchange of Hong Kong Limited, stock code: 371). The Group has positioned itself strategically as a leading corporate in China and aboard on electricity generation and sales of photovoltaic power, specializing in photovoltaic power business as its core focus and other clean energy businesses as its supplementary businesses.
The Group’s businesses comprise development, acquisition, construction and operation of grid-connected and ground-mounted photovoltaic power plants, distributed photovoltaic power plants and micro-grid and off-grid energy storages. Meanwhile, the Group actively researches opportunities to venture into other clean energy areas such as wind power, hydropower and geothermal energy.
For more information, please visit the Group’s website at: http://www.bece.com.hk