Industry Gathering
Beijing State owned Financial Leasing Company Financed 105 million yuan for Beijing Green Power Environmental Protection Company
Published on:
2016-08-29 18:01
Source:
Recently, Beijing State owned Assets Leasing and Beijing Green Power Environmental Protection Company, a subsidiary of Green Power Environmental Protection Group Co., Ltd., officially signed a financing lease contract for a total amount of 105 million yuan in garbage power plant equipment to assist in the construction and operation of its garbage incineration power plant project in Tongzhou District, Beijing.
Green Power Group is one of the leading garbage incineration power generation enterprises in China, focusing on treating urban household waste. It is also one of the earliest enterprises to build, improve, and develop advanced international incinerator technology. Green Power Group has currently collaborated with multiple cities in China on comprehensive waste management, signing franchise contracts for 24 urban household waste treatment projects, of which 7 have been officially put into operation.
Previously, Beijing Green Power Company, a subsidiary of Green Power Group, undertook the BOT (investment construction operation transfer) project of a waste incineration power plant from the Municipal Appearance Management Committee of Tongzhou District, Beijing, with a franchise period of 27 years. This is also the largest project undertaken by Green Power Group currently, with a waste treatment capacity of nearly 3000 tons.
Based on the characteristics of long project construction and operation period and high demand for funds, Beijing State owned Assets Leasing has designed a 5-year direct leasing model, where the state-owned assets leasing purchase equipment and lease it to Beijing Green Power Company for project construction and operation. This method is more flexible and convenient than traditional financing methods, and the repayment rhythm is more matched with the operating cash flow of Beijing Green Power Company. It does not occupy credit lines, effectively improving the efficiency of fund utilization of Green Power Company, and is conducive to the smooth implementation of the project.
Beijing State owned Assets Leasing has always regarded energy conservation and environmental protection as a key area of business development, committed to providing financing services through leasing for various energy conservation and environmental protection manufacturers, professional technology companies, comprehensive service providers, and enterprises with energy-saving needs, helping enterprises increase financing channels, reduce operating costs, accelerate technological transformation, and achieve rapid development.
This cooperation with Green Power is another attempt by Beijing State owned Assets Leasing in the field of green environmental protection. The successful implementation of the project can also contribute to promoting green circular economy and assisting in the construction of Beijing's urban sub center.
