Special electrician plans to invest in photovoltaic industry project

On the evening of February 8, the special electrician disclosed that the company's holding subsidiary Xinte Energy Co., Ltd. (hereinafter referred to as "Xinte Energy") signed the Investment Framework Agreement with the Baotou Municipal Government and the Tumote right Banner government. Xinte Energy plans to invest in the development project of 200000 tons of high-purity polysilicon and 200000 tons of industrial silicon and new energy power station in Tumote right Banner of Baotou City, Inner Mongolia.

Among them, the first phase invests in the construction of a high-purity polysilicon project with an annual output of 100000 tons and a new energy power plant invested in 5GW, and the second phase invests in a new energy power plant with an annual production capacity of 100000 tons of high-purity polysilicon, 200000 tons of industrial silicon and 5GW. The first phase of the 100000-ton Gaochun polysilicon project is planned to invest 8 billion yuan and is expected to be completed and put into production within 18 to 24 months after the start of construction.

In terms of policies, the people's Government of Baotou City and the people's Government of Tumote right Banner will assist New Special Energy to enjoy the western development tax policy for the project company locally, and assist the project company to declare and obtain high-tech enterprise qualification and other policy support. and in the project land, water, electricity, talent introduction, pre-project formalities and other aspects to give strong support and relevant concessions.

Xinte Energy, which is mainly engaged in the production and sales of polysilicon, the development, construction and operation of wind energy and photovoltaic resources, landed on the main board of the Hong Kong Stock Exchange on December 30, 2015. At present, the special electrician is still planning the domestic listing of new special energy.

In the past six months, Xinte Energy and Jingao Solar Technology Co., Ltd., 7 subsidiaries of Longji Co., Ltd., Wuxi Shangji CNC Co., Ltd. and its wholly-owned subsidiaries respectively signed 5.354 billion yuan (excluding tax), 9.137 billion yuan (including tax), 19.235 billion yuan (excluding tax) silicon material sales long order.