Initiator Profile

Name

Chang’an Chemical Industry Factory

Ownership

Private

Address

Hechengxilu 13, Changzhi, Shanxi

Establishment

June 1994

Legal  representative

Wang Hongxi

Office tel.

+86 355 5054883

Handy

+86 13934059888

Contact person

Liu Wenqin

Contact Tel.

+86 13934298088

E-mail

czcahgc@163.com

Number of staff members

Number of technical personnel

Assets

Total assets

26million

Fixed assets

64.94million

Current assets

5.43million

Registered capital

26million

Intangible assets

Total liabilities

22.92million

Business conditions

2002

2003

2004

Sales income

26.79million

51.26million

52.53million

Export  income

Profits after taxes

1.58million

10.21million

7million

  Project Information

Project name

Power generation with coal gangue

Project type

Newly-built

Project  technology

Self-owned technology    

Total investment

590million

Foreign  investment  needed

400million

 Cooperation  duration

15 years

Project registration and approval: yes

Feasibility study report: yes      

Intended Cooperation Method

Cooperation

Investment Composition

Composition / Partners

Chinese partner

Foreign partner

Investment proportion（%）

       32.2    %

         67.8   %

Cash

190million

400million

Land using rights

14.78million

Workshop

90million

Equipment

30million

320million

Technology and intellectual property

25million

Others

30.22million

80million

Information of Main Materials Supply and Infrastructure

The fuel for this project will be supplied by Changzhi Gas Company and Changcun Coal Mine only several kilometers away through highway transportation which has been approved by Changzhi Communication Bureau.

Market Analysis

Construction period:  2 years    

Annual sales income:  108.85million

Including: income from export: USD

Profits after taxes: 23.2million

Profit ratio of investment  7.93   %

Return period of investment: 10.89 million      

Brief introduction of economic efficiency: After the project is put into operation, its annual generation of power will be 0.6billion KWH. The profits and taxes rate will be 10.56%. The annual equipment depreciation will be 32.87 million.