Industry News

Foshan Gas Group intends to build 3.7 billion investment and frequency of natural gas peaking power plants

Reporter learned yesterday from the relevant channels, Foshan Public Utility Holding Company Limited (hereinafter referred to as "public control of the company"), the application 10 billion corporate bonds, has been basically through the National Development and Reform Commission for approval, a joint venture with China Southern Power Grid Construction 3.7 billion FM sand export natural gas peaking power plant project, was received on March 16 this year, Provincial Development and Reform Commission reply, agreed in principle to carry out preliminary studies for the project. The project is part of capital 25% of the public by the China Southern Power Grid and the control of a joint venture, Foshan, and the rest from bank financing, the annual sales income of about 32 billion yuan, total profit and tax of 159 million per year.


The reporters also learned that the listing of Foshan Gas Group also has new progress, at present, the prospectus has been completed, the relevant public materials have also been reported to the Commission together.

According to reports, Foshan Gas Group has previously reported to the Commission a prospectus, the Commission subsequently proposed prospectus Buddha burning some feedback.

The end of January this year, relevant departments have to reply to feedback material, the 2010 annual audit report and the supplementary annual report of the application materials listed data, reported to the Commission together.