BEIJING and LAS VEGAS, Sept. 10 /Xinhua-PRNewswire-FirstCall/ -- China Holdings, Inc. (OTC Bulletin Board: CHHL), a global diversified asset holdings company and its subsidiaries, headquartered in the U.S., engaged in multiple China-focused business activities including energy, clean energy, resources, utilities, and finance, the Company, and its controlled subsidiary, China Power, Inc. (together as “The Company”), today announced that its Inner Mongolia Ontniute Wind Energy Power Plants/Projects’ power capacity will be approximately 300 to 1000 mega watts, combined with 6 to 20 wind energy plants each with 48.9 mega watts of capacity.
China Holdings, Inc. and its controlled subsidiary, China Power, Inc., plan to complete its development (wind data collection, technical assessments and government processing), financing and construction, with the aim of being fully operational by 2010-2011, approximately. With its power capacity ranging from 300 to 1000 mega watts (from 298.8 (6 x 48.9mw) to 996 mega watts (20 x 48.9mw)), and with an annual average full load electricity generation of approximately 2500 hours, the projects will be constructed on a defined 200 square KM piece of land in Inner Mongolia, PR China, as part of an initial development platform. Under china renewable energy laws, these wind energy plants will be operated under a 25 to 30 years operation/production license, plus China’s State-Grids will guarantee to purchase 100% of the electricity power generated by the wind plants at a guaranteed electricity price of 0.50 - 0.55 Yuan/Kwh, with annual increases of 5% as an approximate increase in line with inflation.
The Company is aiming to be one of the leading developers of high value wind energy & clean energy properties in China or/and worldwide. The Company has competently positioned itself to be one of the leading wind & clean energy developers in China, with key strengths that include: a). Being a pioneer developer in wind energy & clean energy properties, as recent successes highlight, the company has a clean energy power plants/pipeline with a power capacity up to 550 - 1250 mega watts that are in development, pre-construction and construction in China, including a combined 250 Mega Watts (5 Biomass Clean Energy Power Plants/Projects (5 x 50 MW)) and 300 to 1000 Mega Watt Wind Energy Power Plants/Projects (298.8 (6 x 48.9) to 996 Mega Watts (20 x 48.9)); b). Through building high value wind energy and clean energy power plants/projects with world class quality, operation and maintenance levels; c) A comprehensive master of the complexities and activities in the China wind energy market & clean energy industry, including project development, equipment supply and government policy; d). Firmly established government relations at the local, provincial and national levels and experience with the complex regulatory and approval process that is essential to bring all the wind energy & clean energy plants/projects through approvals to long and successful operation & production in China; e). Extensive analysis and research tracking capabilities of the clean energy industry in China; and f). experienced managements in the development, structuring and financing of large energy projects in China.
At the forefront of China’s clean energy industry, the Company has enviable resources and credentials as a successful clean energy developer. The value inherent in the Company’s unique position of clean energy power plants/projects pipeline (total potential power capacity: 550 - 1250 mega watts) is truly extraordinary, and the progress the Company has made through their initiatives for the coming years signals the ability to capitalize on the underlying potential of clean energy power plants & industry in China, or/and worldwide. The breakthrough doubles the Company’s commitment to develop, construct and contribute to the clean energy industry in China, or/and worldwide, including wind energy, biomass clean energy and hydropower. The Company leverages deep China and wind energy markets experiencing the world’s largest and fastest power demand growth. The Company provides a competitive opportunity with the highest global standards, to its stockholders and investors who wish to participate in one of the world’s most dynamic and fastest growing wind energy & clean energy industries in the world.
Wind Energy & Resources in China
According to the China Academy of Meteorological Sciences, China has abundant wind energy resources (253GW onshore + 750GW offshore) and a wind energy market with annual installations and growth rate on par with Europe and the US in the coming years. The estimated economically viable capacity for wind energy in Inner Mongolia is 101GW, accounting for 40% in China. Additionally, China has a large area of shallow sea with huge wind energy resources along its eastern coastline. A record 1.4GW of wind power capacity was installed in 2006, and 2+ GW was installed during 2007. China could achieve some 75GW of installed wind capacity by 2020, given only a modest 10% CAGR for annual installations beyond near term development activity. About 23 - 29% capacity factor, annual potential production of electricity from wind power could be as great as 506 - 632 TWh, approximately.
About China Holdings, Inc.
China Holdings, Inc. (OTC Bulletin Board: CHHL) is a diversified global assets holding company headquartered in the U.S. The Company and its subsidiaries engage in multiple China-focused business activities including clean energy, energy, resources, utilities, and finance. The Company is developing its clean energy power plants in biomass clean energy, wind energy power plants & hydropower plants to reach a total potential power capacity of approximately 550 MW to 3200 MW in 2013. Its objective is to achieve
long-term capital appreciation through investment in companies and other entities with significant assets, investments, production activities, trading or other business interests in China or worldwide, and/or which derive a significant part of their revenue from China or worldwide.
The Company has three wholly-owned subsidiaries: (i) China Power, Inc.; (ii) China Minerals Holdings, Inc.; (iii) China Health Holdings, Inc.
For the Company’s profile, please feel free to visit website: http://www.chinaholding.net .
For worldwide investors and media inquiries, please contact: Julianna Lu/The CEO, via email: general@chinaholding.net or/and julianna@chinaholding.net or tel: +86-1370-133-1287 (china worldwide direct)
About China Power, Inc.
China Power Inc., a controlled subsidiary of China Holdings, Inc., is a global energy & clean energy holding company headquartered in the U.S. It focuses on Merger & Acquisition, Joint-Venture Partnership, Investment, Research & Development, Construction and Operation of energy, clean energy, and environment protection projects in China and worldwide. The Company is developing its clean energy power plants in biomass clean energy, wind energy power plants and hydropower plants to reach a total potential power capacity of approximately 550 MW to 3200 MW in 2013. The Company’s advanced clean energy strategy & plan in biomass clean energy, wind energy power plants & hydropower plants will have technical, social, and environmental benefits and provide investment and business activities in the cost-competitive biomass clean energy, wind energy and hydropower capacity energy supply in China and worldwide, and also increase its worldwide Stockholders’ values in the long term.
Forward-looking Statements
To the extent that statements in the press release are not strictly historical, including statements as to revenue projections, projections of results of specific activities or investments, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, economic performance and trends, the success of the Company’s development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, all forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements, which may accompany the forward-looking statements, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The Company has no obligation to update these forward-looking statements. Other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company’s industry and general economy; government policies, competitive factors; ability to attract and retain personnel; the price of the Company’s stock; and the risk factors set forth from time to time in the Company’s SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. In addition, the Company disclaims any obligation to update or correct any forward-looking statements in all of the Company’s press releases to reflect events or circumstances after the date hereof.
For worldwide investor and media inquiries, please contact:
China Holdings, Inc. (Las Vegas and Beijing)
Julianna Lu, Chief Executive Officer
Tel: +86-1370-133-1287; +86-10-6586-4770
Fax: +86-10-6586-4790
Email: general@chinaholding.net and julianna@chinaholding.net
Web: http://www.chinaholding.net
China Holdings, Inc. (Las Vegas and Beijing)
James H. Simpson, Senior Vice President
Corporate Development/Investor Relations
Tel: +86-1370-133-1287; +86-10-6586-4770
Fax: +86-10-6586-4790
Email：general@chinaholding.net
