The Inner Mongolia 2nd Ontniute Wind Energy Power Plants/Projects are combined through a total of 6 to 20 wind energy plants, each with 49.8 mega watts of capacity on a 2nd defined 200 square KM piece of land in Inner Mongolia, PR China.
The Breakthrough confirms China Holdings and
1). Approximately 600 - 2000 mega watts of wind energy, which is a combined total of 12 to 40 wind farm energy plants each with 49.8 mega watts of capacity on the defined 400 square KM piece of land in Inner Mongolia, PR China. 2). 250 Mega Watts: 5 Biomass Clean Energy Power Plants/Projects from a total of 5 biomass clean energy power plants each with 50 mega watts = 2 x 25 MW on the defined 501,000 MU (1 MU = 667 sq. meters) piece of land.
The value inherent in the Company's unique position through its Clean
Energy Power Plants/Projects Pipeline (Potential Power Capacity: 850 -2250
Pursuant to "the Contract", the "Ontniute" government has granted the Company with the Inner Mongolia 2nd Ontniute Wind Energy Power Plants/Projects (Power Capacity approximately 300 to 1000 mega watts) with
-- A four-year development and construction contract: with 100% exclusive and first rights, as well as non-competition/non-solicit terms, of investment and construction rights; -- The scale of the Inner Mongolia 2nd Ontniute Wind Energy Power Plants/Projects is an approximate power capacity of 300 to 1000 mega watts, which is combined with an additional 6 to 20 wind energy plants each with 49.8 mega watts of capacity on a 2nd defined 200 square KM piece of land in Inner Mongolia, PR China; -- Ontniute will be responsible for support and coordination with government departments for related legal processing; -- As stated in amended China renewable energy laws to wind energy producers and developers: an electricity power price of 0.50-0.55 Yuan Per/Kwh, & a guarantee from state grids confirm 100% purchase of the electricity power from wind energy producers and developers; -- The Company has agreed to invest and construct this Inner Mongolia 2nd Ontniute Wind Energy Power Plants/Projects (Power Capacity approximately 300 to 1000 mega watts) in the next four years, with a total investment of 2.7 billion Yuan (RMB) through 35% cash/equity & a 65% bank loan; and -- The Company will be responsible for further PR government's processing and compliances, including construction permits, collecting wind data/resources, research and investigation, and the further development of construction over the next 4 years.
China Holdings, Inc. and its controlled subsidiary,
The Company is aiming to be one of the leading developers of high value wind energy & clean energy properties in China or/and worldwide. The Company has competently positioned itself to be one of the leading wind & clean energy developers in China, with key strengths that include: a). Being a pioneer developer in wind energy & clean energy properties, as recent successes highlight, the company has a clean energy power plants/pipeline with a power capacity up to 850 - 2250 mega watts that are in development, pre-construction and construction in China, including a combined 250 Mega Watts: 5 Biomass Clean Energy Power Plants/Projects at 50 mega watts (2 x 25 MW) and a combined 600 to 2000 Mega Watt Wind Energy Power Plants/Projects: 12 to 40 wind energy plants each with 49.8 mega watts of capacity; b). Through building high value wind energy and clean energy power plants/projects with world class quality, operation and maintenance levels; c) A comprehensive master of the complexities and activities in the China wind energy market & clean energy industry, including project development, equipment supply and government policy; d). Firmly established government relations at the local, provincial and national levels and experience with the complex regulatory and approval process that is essential to bring all the wind energy & clean energy plants/projects through approvals to long and successful operation & production in China; e). Extensive analysis and research tracking capabilities of the clean energy industry in China; and f). experienced managements in the development, structuring and financing of large energy projects in China.
Wind Energy & Resources in China
According to the China Academy of Meteorological Sciences, China has
abundant wind energy resources (253GW onshore + 750GW offshore) and a wind
energy market with annual installations and growth rate on par with
About China Holdings, Inc.
China Holdings, Inc. (OTC Bulletin Board: CHHL) is a diversified global assets holding company headquartered in the U.S. The Company and its subsidiaries engage in multiple China-focused business activities including clean energy, energy, resources, and utilities. The Company is developing its clean energy power plants in wind energy power plants, biomass clean energy & hydropower plants to reach a total potential power capacity of approximately 850 MW to 3200 MW in 2013. Its objective is to achieve long-term capital appreciation through investment in companies and other entities with significant assets, investments, production activities, trading or other business interests in China or worldwide, and/or which derive a significant part of their revenue from China or worldwide.
The Company has three wholly-owned subsidiaries: (i)
For worldwide investors and media inquiries, please contact:
About
China Power Inc., a controlled subsidiary of China Holdings, Inc., is a global energy & clean energy holding company headquartered in the U.S. It focuses on Merger & Acquisition, Joint-Venture Partnership, Investment, Research & Development, Construction and Operation of energy, clean energy, and environment protection projects in China and worldwide. The Company is developing its clean energy power plants in biomass clean energy, wind energy power plants and hydropower plants to reach a total potential power capacity of approximately 850 MW to 3200 MW in 2013. The Company's advanced clean energy strategy & plan in biomass clean energy, wind energy power plants & hydropower plants will have technical, social, and environmental benefits and provide investment and business activities in the cost-competitive biomass clean energy, wind energy and hydropower capacity energy supply in China and worldwide, and also increase its worldwide Stockholders' values in the long term.
Forward-looking Statements
To the extent that statements in the press release are not strictly historical, including statements as to revenue projections, projections of results of specific activities or investments, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, economic performance and trends, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, all forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements, which may accompany the forward-looking statements, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The Company has no obligation to update these forward-looking statements. Other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; government policies, competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. In addition, the Company disclaims any obligation to update or correct any forward-looking statements in all of the Company's press releases to reflect events or circumstances after the date hereof.
For worldwide investor and media inquiries, please contact: China Holdings, Inc. (Las Vegas and Beijing) Julianna Lu, Chief Executive Officer Tel: +86-1370-133-1287; +86-10-6586-4770 Fax: +86-10-6586-4790 Email: ir@chinapower.us, pr@chinapower.us Web: http://www.chinaholding.net http://www.chinapower.us Wall Street Report (New York) Mr. Jack Marks, Chief Executive Officer Tel: +1-212-363-2600 Web: http://www.wallstreetreporter.com China Holdings, Inc. (Las Vegas and Beijing) James H. Simpson, Senior Vice President Corporate Development/Investor Relations Tel: +86-1370-133-1287; +86-10-6586-4770 Fax: +86-10-6586-4790 Email: j.simpson@chinapower.us
SOURCE China Holdings, Inc.