JovoEnergy plans to invest no more than 3.455 billion yuan to construct a coal-to-natural gas project in Xinjiang
JovoEnergy plans to jointly invest in the Xinjiang coal-to-natural gas project with Xinjiang Qinghua Energy Group and Henan Future Silk Road Clean Energy Partnership. The total investment for the project is 23.033 billion yuan, with JovoEnergy's contribution not exceeding 3.455 billion yuan, sourced from its own funds or self-raised funds, and it is expected to hold a 50% stake in the project, producing 2 billion cubic meters of natural gas annually
According to the Zhitong Finance APP, JovoEnergy (605090.SH) announced that the company plans to act as an industrial investor and jointly invest with Xinjiang Qinghua Energy Group Co., Ltd. (hereinafter referred to as "Xinjiang Qinghua") and Henan Future Silk Road Clean Energy Partnership (Limited Partnership) (hereinafter referred to as "Henan Silk Road") to construct the second phase of the Xinjiang Qinghua 5.5 billion cubic meters per year coal-to-natural gas demonstration project (annual production of 4 billion cubic meters of coal-to-natural gas project) (total investment of RMB 23.033 billion), of which the company will contribute no more than RMB 3.455 billion, with funding sourced from its own or self-raised funds. At that time, the company will hold 50% of the equity in the second phase project (corresponding to an annual production of 2 billion cubic meters of natural gas)
