Jingke Electric Power Abu Dhabi Photovoltaic Power Station Project approved

SMM: learned from the Jiangxi Provincial people's Government that the Jiangxi Provincial Development and Reform Commission recently issued a "notice on approving Jingke Electric Power Technology Co., Ltd. to invest in Abu Dhabi's new Al Dhafra 2100 MW photovoltaic power station project for the record. Jingke Electric Power Technology Co., Ltd. invested in Abu Dhabi's new Al Dhafra 2100 MW photovoltaic power station project located in Abu Dhabi, United Arab Emirates." The total investment of the project is US $1.051 billion (US $211.9 million in equity principal loan and US $839.1 million in priority loan provided by BNP Paribas), of which US $210.2 million is contributed by Jingke Electric, US $210.2 million by France Electric and US $630.6 million by Dafra. The investment in fixed assets of the project is 963.91 million US dollars, other development costs are 35 million US dollars, working capital is 13.32 million US dollars, and financial expenses are 38.77 million US dollars. The project has an installed capacity of 2100 megawatts on the DC side and 1500 megawatts on the AC side. It is planned to consist of 4661250 450W double-sided photovoltaic modules, using a total of 275Huawei 160KW inverters.