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Minjiang/Hanyang Navigation and Hydropower Complex Project

LOCATION

Qingshen county, Sichuan province, China

OWNER/IMPLEMENTATION UNIT

Jinhong Energy Co., Ltd

KEY WORDS

private enterprises funding; policy support

PROJECT COMPLETION/EXPECTED COMPLETION DATE

2015

CASE DESCRIPTION

The Qingshen County Government of Sichuan Province introduced private capital into the project. After inspecting 100 enterprises across the country, Qingshen county government selected Jinhong Energy Co., Ltd. as the owner of the Minjiang/Hanyang Navigation and Hydropower Complex project, ending the project stagnation caused by funding shortage. At the same time, a number of complementary supporting policies issued by the Qingshen County government has alleviated the financing pressure of enterprises, protected the interests of private enterprises, and strongly facilitated the construction progress.

Considering the successful case of the Minjiang/Hanyang Navigation and Hydropower Complex, the local government intends to replicate such experience to the construction of Minjiang/Hudu River Navigation and Hydropower Complex. At present, this project is well under way, and its main construction is expected to be launched in the second half of the year.

KEY DATA

With a total investment of 1.069 billion yuan, Hanyang Navigation and Hydropower Complex has a project fund of 330 million yuan. It took only 21 months to complete the construction, 12 months ahead of schedule.

PROJECT-RELATED PARTIES

The Complex Promotion Office of Qingshen County, Sichuan Province

CURRENT PROGRESS

The Complex started to generate power since January, 2015

INNOVATION POINT

It is the first Navigation and Hydropower Complex project funded by private capital in Sichuan province. And it is supported by a number of complementary policies issued by the Qingshen County government.

RELATED LINKS

http://www.ms.gov.cn/info/1026/170801.htm