Shenzhen Energy Group
The Group's principal activity is producing electric power. Other activities include producing fuel gas, investing and developing all types of regular and new energy, research and investing high new technologies and investing and managing the energy related businesses.
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Shenzhen Energy to create new wind power company
Shenzhen Energy (SZ:000027) subsidiary North Energy plans to establish the new Tongliao Wind Power Company in Inner Mongolia, with registered assets of RMB630m. The new company is expected to invest RMB3.1bn to establish a 300MW wind farm.
The Shenzhen-listed company reported on March 2 that its recorded net profit for 2008 was RMB910m, down 43.06 percent year on year.
Shenzhen Energy also plans to spend a total of RMB5.61bn building power plants in Shenzhen in Guangdong Province, Wuhan in Hubei Province, and its venture in Tongliao. The other planned ventures are waste-to-energy plants.
A waste-to-energy power station will be constructed in Baoan District, Shenzhen, for an investment of RMB1.368bn, which will consume 3,000 tonnes of refuse daily. In Shenzhen's Longgang District, a power station with an estimated capacity of 4m KW is planned.
A third new power station in Shenzhen, with an investment of RMB380m, will be located in the city's Nanshan District and is to have a waste disposal capacity of 800 tonnes per day.
In Wuhan City, a subsidiary of Shenzhen Energy plans to invest RMB394m to build a waste-to-energy power station with a predicted daily waste disposal capacity of 1,000 tonnes.
