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Exhibit 10.1
LongHua county BIOMASS ENERGY
Power plant Project
Investment and Construct AGREEMENT
(CHINA
POWER INC)
Party
A: LongHua government
Party
B: BeiJing JinRenTaiHe Trade Ltd.
CHINA
POWER INC. USA
2007/10/10
Party
A: LongHua government
(Party
A)
Party
B: BeiJing JinRenTaiHe Trade Ltd.
CHINA
POWER INC. USA
(Party
B)
According
to continuing development strategy and circulation economy
building requirements, for accelerating the utility of
renewable resource, whereas Party A has plenty of biomass
resource , including corn - straw, whereas Party B has the
ability to invest and build BIOMASS ENERGY power plant with
technology and financing, both of the party agree to the
following THIS AGREEMENT FOR FURTHER cooperation of investment
and building BIOMASS ENERGY power plant,
after friendly negotiation and fieldwork
demonstration, BOTH PARTIES HAVE REACHED AGREEMENT/TERMS AS
FOLLOWING:
Project
Scale
According
to Party A’s authorized areas and the development plan
for straw ( CORN) and uncultivated mountain resource, Party B
invest to build a BIOMASS ENERGY Power plant, which can treat
BIOMASS /STRAW FOR 1000 ton/day and generate electricity POWER
FOR 50 MW (= 2 ×
25,000 KW), the total INVESTMENT is about RMB 580 million Yuan
( CHINA CURRENCY) and named the project as “LongHua
GREEN ENERGY CO. LTD /LongHua Biomass ENERGY power
plant”.
Construction
Location
After
field work/trips, this BIOMASS ENERGY power plant is located
at LongHua county TangTouGou Town LuoYing village. TOTAL LANDS
POSITION IS 200 MU ( 1 MU = 667 SQ.METERS)
Construction
Time
December
30, 2009
UPON
FURTHER GOVERNMENT’S APPROVAL FOR CONSTRUCTION FOR THIS
BIOMASS ENERGY PROJECTS, THE TOTAL CONSTRUCTION TERM IS 2
YEARS. THE EXPECTED/ESTIMATED COMPLETION FOR THE FULL
CONSTRUCTION FOR FULLY PRODUCTION FOR THIS BIOMASS PROJECT IS
BEFORE DEC. 30 2009.
Both
Responsibility
Party
A Responsibility:
1.It has the responsibility to negotiate with country
、
province and ChengDe City charge department,
according to both of the party assurance content, which
includes construction scale 、
water consume capacity 、
terra impropriating acreage 、
environmental protection standard 、
electrovalence 、
net electrical capacity 、
nationality prescribe and project constriction scheme, after
Party B supporting related files, Party A will complete
project approving procedure and terra expropriation documents
and assist to transact else related department necessary
approve document and procedures.
2.
It has the responsibility to negotiate with each department
and assist Party B to transact with registration of main body
company in the project. It should complete prophase related
work of the approved project.
3.
All of the official preferential policy from country province
ChengDe City and LongHua county Party A should give to Party B
according to the most preferential policy taking non-
repeatedly Cancel the administration charge in county
self-class during the time of Part B construction period
(Excluding necessary charge). ASSIST TO NEGOTIATE TO ACHIEVE
FOR ALL THE city class/ departments related charges will be
reduced to the minimum with the best benefit.
4 It has the responsibility to get THE APPROVAL FROM THE
STATE GOVERNMENT AS RELATED POLICIES APPROVED FOR THE
the reasonable electrical capacity /electricity prices
5
The
BIOMASS ENERGY power plant has the total lands position
for 200 MU ( 1MU = 667 SQ.METERS), according to the
STATE GOVERNMENT POLICIES FOR INDUSTRIAL LANDS, the lowest
charge for industry LANDS is RMB 56,000 Yuan/Mu , for
encouraging Party B’s further investment, Party A agrees
to pay for 26,000 Yuan /MU for party B. After
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