New year, new momentum, and development through Hard Work. On the first working day after the Spring Festival holiday, CECEP specifically held a mobilization meeting to kick-start work after the holiday and reinvigorated and redeployed efforts to fully advance key tasks for 2024. Song Xin, Secretary of the Party Committee and Chairman of the Group, further emphasized the importance of approaching the tasks with the determination and courage of "starting a battle as soon as work resumes and ensuring victory in the battle". They urged to maximize efforts, implement precise strategies, and accomplish the annual objectives through tangible actions that enhance quality and efficiency.
The bugle has already sounded, and the journey is right at our feet. CECEP employees on various fronts, with a high spirit and full enthusiasm, actively engage in production and construction on the front line to ensure the orderly resumption of projects.
Recently, CECEP Solar's 200MW photovoltaic project in Shuangjiang and Biyou, Ceheng County, as well as CECEP Wind-power's 100MW wind power project in Jiange Phase III, have successfully connected to the grid and started generating electricity. These projects are expected to produce 410 million kilowatt-hours of green electricity annually, reducing carbon dioxide emissions by nearly 440,000 tons, aiming for a successful start. Additionally, General Water of China Co., Ltd.'s Intelligent Low-carbon Water Plant Demonstration Project in Bengbu city has also officially connected to the grid. By utilizing unused space, the water plant has built new photovoltaic projects, achieving energy savings, land optimization, and benefiting from preferential policies for clean energy electricity prices. This project effectively revitalizes existing resources and creates a win-win situation in terms of environmental and economic benefits, serving as a new driving force for the group company's high-quality development.
Striving to sprint with an acceleration and seize the good start of the Year of the Dragon. CECEP Solar Phase I project (300MW) in Chabuchaer County, consisting of a 250,000-kilowatt 1-million-kilowatt-hour all-vanadium flow battery energy storage system and a 1-million-kilowatt market-based grid-connected photovoltaic power generation project, commenced amidst the festive atmosphere. The project construction team is working at full capacity, quickly entering a busy mode.
There is a bustling scene at project construction sites in Song County, Henan Province, Yangzhou, and Zhangpu County, Fujian Province. As the first key project of the group company to support rural revitalization, the construction site of CECEP Jiugao Town Wind Farm Project in Song County is filled with towering cranes, bustling transportation vehicles, and orderly concrete pouring. The builders of CECEP Solar Zhenwu and Zhangpu projects are working at full throttle. They have organized joint safety inspections for resuming work and production, conducted pile testing, and cleared fish ponds and drainage, laying a solid foundation for the smooth progress of the projects.
Standing firm to face the challenges of peak winter demand, patiently awaiting the arrival of blooming spring. After the Spring Festival holiday, CECEP Solar and Wind-power stations are facing a severe test due to the cold wave. With a focus on equipment and production preservation, they set their targets and implement them rigorously. With a proactive and practical attitude, they make every effort to overcome the challenges of resuming operations and facing the cold weather. They organize comprehensive inspections on safety hazards, strengthen inspections of key equipment, enhance extreme weather warnings and prevention measures, and ensure that the units can withstand and meet the demands of the harsh cold, laying a solid foundation for achieving a successful start to the Year of the Dragon.
CQEC has been actively expanding its regional market with a focus on market development. It has recently won bids for seven projects, including the design of a new experimental hall and factory expansion, the design of Phase III of an intelligent technology industrial park, and the EPC general contracting project for the eastern section of a cross-border trade industrial park. After the Spring Festival, it has also successfully bid for the comprehensive management service of the entire process of the Shaanxi Qinling Mountains' integrated protection and restoration project, which includes four restoration areas: "one barrier, one belt, one mountain and six waters". The project involves 35 sub-projects under seven categories, including underground water replenishment, biodiversity protection, water source conservation enhancement, land consolidation and geological environmental management, soil erosion control, comprehensive ecological environment improvement in the basin, and intelligent management and control system. With a total ecological restoration area of 35,000 hectares, it will significantly enhance the water source conservation and biodiversity maintenance functions of the northern foothills of the Qinling Mountains. The project aims to achieve a compliance rate of over 90% for the ecological flow of major rivers and an area protection rate of over 80% for important wildlife habitats, making it of great significance in strengthening the ecological security barrier in central China and setting a positive momentum for the company's market development throughout the year.
The attainment of qualifications and honors is a concrete manifestation of the comprehensive improvement of a company's overall strength, and it is also a powerful guarantee for promoting high-quality development. At the beginning of the new year, several CECEP subsidiaries have used their strength to prove their positions in their respective industries, and they will further leverage their advantages, explore their industries, strengthen their entities, and forge a path of innovation and efficiency. CNEPG has been named one of the Top Ten Influential Enterprises in Solid Waste Treatment for the fourteenth consecutive year. Valiant has been recognized as an outstanding contributor to high-quality development in the Huanghai Bohai New Area. Gem Chemicals has been listed among the first batch of advanced small and medium-sized enterprises in Shandong Province. The China Environmental Protection Blockchain Carbon Asset Verification Platform has been granted the 2023 Golden Chain Award for outstanding application cases in carbon neutrality. CECEP Guozhen construction project has been recognized as a demonstration project for smart construction sites in housing and municipal engineering in Jiangxi Province. The Yantai production base of New Era Group has been awarded the AA-level certificate for the Integration of Informatization and Industrialization Management System by the Ministry of Industry and Information Technology. CECEP Hundred (Beijing) ranked first in the quality assessment of pilot carbon market verification in 2023.
Recently, CNEPG successfully completed the share issuance and listing of the fundraising for a major asset restructuring project. The size of the fundraising reached 3 billion RMB, marking the successful completion of the largest-ever trading project in the waste incineration power generation industry in the A-share market's history. This achievement will be beneficial for reshaping the core profitability, maximizing shareholder value, and further enhancing the company's asset size and capital strength. It establishes a solid foundation for the company's sustained and steady development in the future.
Heaven rewards diligence, and hard work never betrays. CECEP will actively implement the arrangements of the Year of Quality and Efficiency, adopting multiple measures, overcoming difficulties, and striving to be the first. It will promote the completion and production of key projects, aiming for a new appearance, greater achievements and a strong start to the new year. This will drive the completion of the company's annual goals and promote high-quality development in the new era.
