Zhangjiagang Daxin Thermal Power Co., Ltd.

To adapt to the demands of the rapid development of industrial economy, and the constant increase of industrial heat demand, and according to the heat supply planning of Daxin Town, Zhangjiagang, Jiangsu Tianyu Investment Co., Ltd. and Zhangjiagang Daxin Wool Spinning Co., Ltd. jointly invested and founded Zhangjiagang Daxin Thermal Power Co., Ltd. in March 2004, with a registered capital of RMB 18 million. The company is located on Xinfang Road, Daxin Town, is a self-owned power plant of Daxin Wool Spinning Co., Ltd., covers an area of 25,550 square meters including 7,665 square meters of green area and owns over 80 employees. The actual investment in phase I thermal power project is RMB 50 million, including 2 million yuan in investment protection. Phase I project built two 35t/h stokerfeed boilers and a 6MW abstraction and condensing turbine. As a centralized heating thermal power plant in Daxin town, the project was approved by Jiangsu Provincial Economic and Trade Commission on September 8, 2003 (Jiangsu Economic and Trade Electric Power[2003] No. 835 Document). The project started in February 2004 and completed and began running on March 15, 2005. In order to pay high attention to the energy conservation and emission reduction work and further improve heat efficiency, Daxin Thermal Power, according to the current heating demand, considered investing in transformation on the premise of increasing heat supply amount but no increase of coal and built phase II “recourse comprehensive utilization project”. The total investment was expected to be RMB 18 million in total. A new famous brand 35-ton high-temperature and high-pressure circulating fluidized bed boiler, a new sludge drying and conveying system as well as desulfurization, dust-removing facilities and other environmentally-friendly devices would be increased. Phase II project was prepared to be built since September 2014 and began trail operation on January 30, 2015. After the new furnace was put into operation, an original stokerfeed boiler was stopped for standby; actually two boilers maintained running. Now, the annual production capacity is 700,800 tons of steam and 6.57 million KWH electricity. In 2011, the company realized an output value of RMB 73.11 million, sales income of RMB 68.5474 million and tax and profit of RMB 12.2716 million.