DONGYING, China, October 26, 2009/PRNewswire-Asia/-- CNPV, a leading multi product solar company that produces ingots, wafers, cells & solar modules, and has strong presence in the solar photovoltaic space that designs, manufactures and supplies highly efficient and cost effective crystalline solar photovoltaic modules, today announced that CNPV has received an official approval in response to the company's application to design and build a 10MWp grid-connected power plant in Dongying City from the Shandong Development & Reform Commission.
The 10MWp grid connected power plant, which will occupy an area of around 400,000 square meters on the saline alkali land beside the sea in the eastern district economic development zone in Dongying, will be constructed from Q12010 to Q22010. Upon completion, it will be the first 10MWp large-scale power plant in Dongying and the whole province of Shandong. Thanks to supportive policies, the government will provide 50% of the necessary capital. The project has been submitted for National Golden Sun Demonstration Project approval through the Shandong Development & Reform Commission (SDDRC).
Mr. Zhang Shunfu, CEO, and Mr. B. Veerraju Chaudary, COO, CTO & Member of the Board of CNPV, expressed that this success proves the economic strength and quality of CNPV. CNPV has been always committed to providing renewable and environmentally-friendly solutions and improving our environment. This project can provide 15 million KW/h per year and meet the needs of 5,000 households in residential areas, saving 100,000 tons of coal consumption and reducing emissions of SO2 by 3,200 tons, CO2 by 4,000 tons, and slag by 28,000 tons.
China Solar Photovoltaic SA (NYSE Euronext: ALCNP), through its wholly-owned subsidiary, CNPV Dongying Photovoltaic Power Company Limited, is a leading multi product solar company that produces ingots, wafers, cells & solar modules, and has strong presence in the solar photovoltaic space that designs, manufactures and supplies highly efficient and cost effective terrestrial crystalline solar photovoltaic modules. Reliability & longevity are built into our world-class crystalline solar photovoltaic modules, which undergo rigorous internal tests and external certifications (IEC61215, IEC61730, UL, and CE) to ensure peak performance and safety. CNPV uses state-of-the-art technology to offer high quality, innovative crystalline solar photovoltaic solutions that cater to the needs of individual customers, large institutions as well as entire communities' worldwide. For further information, please visit CNPV's website at http://www.cnpv-power.com
For more information, please contact:
COO, CTO & Member of the Board
Direct Land Line: +86-546-7795053,
Senior Manager- Investor Relations & Financing
Direct Land Line: +86-546-7795078
SOURCE: CNPV Dongying Photovoltaic Power Company Limited