Sichuan Energy Investment Distributed Energy Systems Co.,Ltd.

Sichuan Energy Investment Distributed Energy Systems Co., Ltd. (hereinafter refer to as “SCEI DES”), established in April 2013 by Sichuan Energy Industry Investment Group Co., Ltd. (SCEI), is the first provincial company in Sichuan province specialized in distributed energy investment, development, construction and operation. It was set up not only to response to the national policy of energy conservation, consumption reduction, emission reduction and the call to promote the revolution of energy consumption and supply, but also to implement Sichuan energy industry development strategies made by Sichuan Provincial Party Committee and Sichuan Government. The registered capital of SCEI DES is RMB 133 million, and as a sino-foreign joint venture, 67.5% of its total shares is held by SCEI, 25% by Towngas and 7.5% by Juxin Development.

Since the establishment, SCEI DES has achieved rapid growth in the last two years by project development and innovation. By the end of October 2015, 1 project has been completed and put into operation; 3 projects have been approved by Sichuan Development and Reform Commission for construction; 3 projects are under construction; 18 investment agreements have been signed; and more than 30 projects are in stock. SCEI DES has basically completed its business layout in Sichuan province and has initially formed its project development mode so far. Obviously, SCEI DES has firmly occupied the dominant position in the industry of Sichuan province and has strong impact on the domestic market. It’s estimated that, by 2020, a total installed capacity of 1000 megawatts, total assets of RMB 12 billion, annual turnover of RMB 5.7 billion and total profits of RMB 0.3 billion are going to be achieved by SCEI DES, and it will go public and reach the leading position both in domestic and global markets.