Beijing Firm Invests USD1.5 Million to Supply Solar Energy to Non-Ferrous Metal Producer
Yicai Global
/SOURCE : Yicai
Beijing Firm Invests USD1.5 Million to Supply Solar Energy to Non-Ferrous Metal Producer

(Yicai Global) Dec. 15 -- Creative Distribution Automation Co., Ltd. (CREAT) will invest CNY10 million (USD1.5 million) to set up a project company in Anyang, in east-central Henan province, to provide solar power for a local non-ferrous metal producer. CREAT will be responsible for the construction, management and operation of the photovoltaic (PV) project.

The parent company, Beijing Creative Distribution Automation Co. [SZ:002350], said Dec. 14 that, once in place, the project company will start building PV facilities on the sites and roofs provided by Minshan Group Co.

The 'power generation for self-consumption' model will be adopted for the PV project and surplus electricity generated will be fed into the electricity grid. All electricity the project generates may be sluiced into the grid if Minshan Group's power consumption declines.

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