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The Enlarging Project for 50,000 KWGenerating Unit of Tangshan Sanyou Alkali(Group) Co., Ltd.

1.       Project description

Engineering: The two new sets of 240T/H cycle fluid bed boilers with high temperature and pressure and two sets of 25,000KW air exhausters are necessary to be installed.

Scale: 50,000KW generating unit.

Design capacity: 380,000t/y steam produced by the boilers; 39MW/y electricity power.

The key technical process and main equipments: 240T/H cycle fluid bed boilers with high temperature and pressure; 2 sets of 25,000KW air exhausters.

2.       Items for the capital formation of the project

Total investment: 37,350,000 USD.

Estimated amount of foreign investment:It will be decided through consultations

The capital from our own side:Self-collection and loan

3.       Construction conditions

We are going to enlarge the electricity power of the corporation on the basis of 6 boilers and 3 generators (620,000t/y steam and 43MW/y electricity power) which we have at present. The advanced domestic cycle fluid bed boilers with high efficiency, energy-saving and low pollution which are accorded with the national environmental policy, will be chosen in future. The corporation has its own reserve land without applying for new one. The necessary personnel will be selected and trained from the current staff members of our corporation who have better experience in the operation and production, for more than 10 years.

4.       Market analysis

Tangshan Sanyou Alkali(Group) Co., Ltd is in charge of supplying steam and electricity power for the production and living life of Nanpu Development Zone. The total power and steam at present are basically reach the demand of the living people and companies nearby. However, as long as the new projects of the corporation are going to be constructed (especially the projects such as 100,00t/a PVC and 100,000 caustic soda, the calcium chloride joint venture corporation, the multi-function differential viscose staple fibre project and so on), the steam and electricity power consumption will be further increased. Thus, the steam and power produced by this project is going to be used for the corporation itself inside.

5.       The economical benefit analysis

It is estimated that the benefit will be as follows after it is put into operation:

Sales income/a: 21,070,000 USD

Project profit/a: 5,090,000 USD

Profit ratio of the investment: 13.7%

Internal rate of return: 8.25 (after income tax)

The initial design and equipment types have been fulfilled, and it is estimated that the project construction is going to be finished in the first season of the year 2005.

7. Basic information of the project unit

Company name Tanshan Sanyou Alkali (Group) Co., Ltd.
Registered addr Tangshan Nanpu Economic Development Zone
Registered time 1999 Registered capital 191,890,000 USD
Stock structure 90.43%from Tangshan Sanyou Group, 9.57% from Chuangxing Capital Management Company of the State Development Investment Corporation
Field Chemical industry Enterprise nature State owned
Debt information Total property 389,660,000 USD
Fixed assets 127,870,000 USD
Total debt 109,750,000 USD
Main business Electricity power&Steam& Lime stone production and sales.
Sales income 128,650,000 USD in 2003
Net profit 6,080,000 USD 2003
Occupied area 790,000 square meters Construction area 270,000 square meters
Staff members 4218
Personnel Structure

Management:362 Technicians:749 Researchers:161 sales members:46 Production members:2550 other:350

Company addr. Tanshan Nanpu Development Zone, Hebei, PRC
Legal person Jang Cunyang

Tel:0315-8519188
Fax:0315-8519188

8.Cooperation form

Joint - venture or cooperation (the relative cooperation form may be decided by both sides through consultation.)

9.Person in charge of the project and contacting method

        Person in charge: Zhang Xuefeng
        Tel: 86-0315-8517177
               86-0315-8511277
        Fax: 86-0315-8519188

 
 
 
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