News - Linyang Energy Signed a Total of Nearly 1.25-billion-yuan Smart Meter Projects and Photovoltaic Projects

On March 3, 2020, Linyang Energy made an announcement that Jiangsu Linyang Energy Co., Ltd., and a wholly owned subsidiary company of Jiangsu Linyang Electric Power Service Co., Ltd., formed a consortium  together with CGNPC Linyang Sihong Renewable Energy Co., Ltd., signed a EPC general contract about Sihong Photovoltaic leading reward incentive base 2 farmers light photovoltaic complementary project EPC general contracting and Sihong leading reward incentive base 3 fishing light complementary EPC general contracting project. The Sihong photovoltaic leading reward incentive base 2 farmers light complementary project EPC general contracting contract valued 401.27 million yuan and SiHong pv leading reward incentive base 3 fishing light complementary project EPC general contracting contract valued 400.35 million yuan and the total contract price of 801.62 million yuan accounted for 19.96% of the company’s 2018 annual business income. The smooth performance of the contract can further expand the development and construction of the company’s EPC projects, improve the company’s business undertaking ability and profitability, and provide more experience for the company’s subsequent cooperation and development of EPC projects, which helps to improve the company’s comprehensive strength and market competitiveness.

On the same day, Linyang Energy announced that its wholly-owned subsidiary, Linyang Energy Technology (Shanghai) Co., Ltd. (hereinafter referred to as “Shanghai Linyang”), had signed a sales agreement with Energy Care Holding Co., Ltd. (hereinafter referred to as “Saudi ECC” or “ECC”). Shanghai Linyang and its affiliates will be responsible for the production and supply of products such as smart electricity meters and communication modules. The total contract value is estimated to be US $64.032 million (RMB 448 million at exchange rate of 7.00), accounting for 11.16% of the company’s audited operating income in 2018. The signing of this contract is the result of Linyang’s active exploration of the overseas market, which is conducive to the company’s continuous improvement of the overseas business layout and the improvement of its competitive advantage in the overseas market.

To Create a World-Famous Brand, To Build a Century Outstanding Linyang. In recent years, while focusing on the domestic market, Linyang has been working with the energy industry to develop the overseas market. The signing of the two projects is the best confirmation of the company’s strength and customer reputation. With a more inclusive and open attitude, Linyang will integrate resources and keep innovating to provide more high-quality products and services for global customers in the fields of “smart energy” and “renewable energy”, and contribute to the construction of the global energy Internet!


Post time: Apr-01-2020