Gelonghui October 28th | Ning Xia Yin Xing Energy (000862.SZ) announced that in order to further expand the company's new energy projects and enhance performance, promote the synergistic integration of green productivity and non-ferrous industry, the company plans to invest RMB 380.86 million in the construction of a 138.748MWp distributed photovoltaic power generation project on the roofs and idle land of 11 subsidiaries (hereinafter referred to as related parties) under the actual control of the company's controlling shareholder, Aluminum Corporation of China, and respectively sign the "Distributed Photovoltaic Power Generation Project Energy Management Agreement" with the related parties.
Ning Xia Yin Xing Energy is responsible for the design, investment, construction, operation, and maintenance of the distributed photovoltaic project. The project's capital is 40%, and the remaining funds are solved through bank loans. The project's after-tax financial internal rate of return is not less than 6.5%. The related parties are responsible for the electricity consumption of the distributed photovoltaic project, and both parties share the energy-saving benefits brought by the project, with Ning Xia Yin Xing Energy sharing the energy-saving benefits at a standard not lower than the project's after-tax financial internal rate of return of 6.5% and determining the agreement price. The energy-saving benefit sharing period is 25 years, during which the related parties pay Ning Xia Yin Xing Energy monthly for the energy-saving benefits income calculated based on the agreed price.
