Important remarks
William Jefferson "Bill" Clinton (The former President of the United States)
Annual 100,000 Grid-connected Photovoltaic Inverter Project


I. Project Background

Solar energy power generating project of our country is in the stage of rapid development. The average annual hours of sunshine of Baicheng are 2919.4 and the light-heat conditions are good. The land is flat and the geographical gradient is 3‰, which concludes in favorable land conditions. The power transmission line of 500 KV has been completed with strong electricity capacity in the counties and towns under its jurisdiction, which is suitable for the photovoltaic power generating project. This project has become one of the new energy investment hotspots in Baicheng after the wind energy with great project construction conditions and favorable policy of fiscal subsidies and the demand for photovoltaic power generating equipments certainly will be increased rapidly. The timely introduction of grid-connected photovoltaic inverter manufacturing project can promote the local photoelectric equipment level, in order to reduce the investment cost of photovoltaic power station and accelerate the speed of photoelectric project construction. Therefore, the simultaneous complex production of photovoltaic equipments and photovoltaic station construction may find support and promotion in each other and will improve the development of photovoltaic industry in Baicheng.

II. Construction Scale and Production Plan

Floor space: 46,000m2, construction coverage: 33,000 m2.

Purchase a production line of 1,600 meters and related equipments and introduce advanced manufacturing technology in China in order to achieve the manufacturing capacity of 100,000 grid-connected photovoltaic inverter of 1KW.

III. Market Analysis and Economic Benefit Forecast 

1. Economic Benefit: Annual production value: 300 million Yuan, tax payment: 14 million Yuan, additional tax: 1.4 million Yuan, income tax: 10.23 million Yuan, after-tax Profit: 30.39 million Yuan, investment recovery duration: 4 years.

2. Social Benefit: First, this project will posit 600 community employees and play an important role in raising the local fiscal revenue and alleviating employment pressure. Second, it can increase in general the industry technology content and intensive degree, improve the development of high-tech industry and promote the optimization and upgrading of economic structure in Baicheng. Third, it may promote the development of photovoltaic industry and accelerate the formation of photovoltaic industrial chain in Baicheng.

IV. Total Project Investment and Financing Arrangement

Total investment: 110 million Yuan, construction investment: 87 million Yuan, floating capital: 23 million Yuan. 30% of the funds required for the project are raised by the enterprise and the other by applying a loan.

V. Cooperation Ways

Sole proprietorship, joint Venture, cooperation o land equity shares

VI. Foreign Investment Ways

Cash o equipment investment

VII. Project Construction Venue

No.20 Qinglong Road, west of Baicheng City

VIII. Project Process

The project proposal has been completed.

IX. Outline of Project Organizer

Fujia Machinery Manufacturing Co., Ltd. Of Baicheng is an investment and social welfare enterprise established solely by Xingle Electrical Machinery Co., Ltd. through full purchase in 2006. The company covers an area of 75,000m2 with the construction area of 30,000m2. It owns complete scientific management system, technology research and development and various experimental measures. The company has passed the ISO9002:1994QS90001998 and ISO/TS16949:2002 quality management system certification and has got the 3C Compulsory Certification. It mainly produces electrical machinery, paper making machinery, normal and CNC lathe, special knives and facilities of deep processing, hydraulic pump station and hydraulic valve, car hinge, wiring harness assembly, powder metallurgy materials and metal products. The general bathes of “36” and “40” base version were appraised by Ministerial and Provincial authorities.

X. Contact Methods:

Unit Name: Bureau of Economic and Technical Corporation of Taobei District

    Contact Person: Sun Shuhai

    Tel: 0086-436 - 3248032

    Fax: 0086-436 – 3248903

    Address: 14 Qingniannan Street of Baicheng City

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