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AKCOME Group and Longnan Ganzhou Sign a Strategic Cooperation Framework Agreement Worth 4 Billion Yuan

On April 12, AKCOME Group, the people's government of Longnan County Ganzhou, the administration committee of Longnan economic and technical development zone signed a Strategic Cooperation Framework Agreement. Both sides have made unified deployment on the cooperation in the fields such as targeted poverty alleviation investment in new energy, new energy auto and charging pile investment, municipal facilities, standard workshops, PPP project investment, with a total investment amount not less than 4 billion Yuan.

 
Specific contents:

1. Cooperation in targeted poverty alleviation investment project of new energy: Both sides will jointly invest not less than 2.4 billion Yuan. The people's government of Longnan County, administration committee of Longnan economic and technical development zone will make an overall plan of public roofing resources such as education, hygiene and nursing home, and land resources of each town and village of Longnan such as forestry land, unutilized land and general farmland, which will be used for the construction of 320MW solar photovoltaic power station (which can adopt modes such as agriculture-photovoltaic complementation). The government of Longnan and administration committee of the development zone will provide full-fledged assistance in related review and approval and land planning according to the policies. AKCOME Group will be responsible for development, construction, operation and maintenance of distributed photovoltaic power stations and providing supportive financial services. The profit from the project investment will be ear-marked by the government of Longnan and administration committee of the development zone exclusively for poverty alleviation of the areas under their administration.

2. New energy auto and charging pile investment project: To support the public transport construction of Longnan County, AKCOME Group plans to invest not more than 500 million Yuan on new energy auto and charging pile projects, planning to invest on not less than 500 new energy public buses, not less than 600 new energy taxies, and not less than 1,500 charging piles for new energy auto, which will be used for improving the traffic and transport environment of Longnan.

3. In order to promote the urban and industrial development of Longnan (including industrial park, standard workshops, infrastructure, municipal roads, pipeline network, etc.), AKCOME Group will introduce 1 billion Yuan to actively enhance the financial cooperation with the people's government of Longnan County and administration committee of Longnan economic and technical development zone. Public-private partnership will be achieved in the infrastructure projects of the people's government of the county through the modes of governmental purchase service and BOT (PPP cooperation mode).

Under the historical background of Internet+ and reformation of electric power system, on the basis of experience and resources accumulated from years of development, operation and maintenance of photovoltaic power stations, the company has begun to build a business layout of "one body with two wings", namely, with excellent energy producer as the body, and new energy service and new energy finance as two wings. The business expansion of targeted poverty alleviation with photovoltaic industry this time has further consolidated the company's market status as an energy producer. The operation mode of poverty alleviation with photovoltaic industry is good for local government to reach its administrative goal of targeted poverty alleviation, new energy development and replacement of traditional energy, and can also bring positive effects for the company to expand its operation and maintenance scale of photovoltaic power stations and promote the company's sales of photovoltaic products.