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Exhibit 10.3
TAIHU
BIOMASS ENERGY POWER PLANT/PROJECT INVESTMENT CONSTRUCTION
AGREEMENT
PARTY
A: CHINA ANHUI TAIHU GOVERNMENT
PARTY
B: (CHINA POWER INC) (USA)
OCT
28 2007
PARTY
A: CHINA ANHUI TAIHU GOVERNMENT
PARTY B: (CHINA
POWER INC.) (USA)
According
to further development & demands strategically and
economically, further speedy development on RENEWABLE
RESOURCES’S USE, AS PARTY A has very much RICH BIOMASS
RESOURCES, INCLUDE STRAW, and AS PARTY B has the ability to invest
& construct & develop the STRAW – BIOMASS ENERGY
POWER PLANT, both parties agree on the terms for further construct
and development for the BIOMASS ENERGY PROJECTS/POWER PLANT as
following terms:
1.
BIOMASS PROJECTS SCALES:
BASED
ON PARTY A’S AUTHORIZED AREAS and BASED ON THE STRAW
& MOUNTAINS RESOURCES PLANNING, PARTY B WILL INVEST &
CONSTRUCT THE BIOMASS ENERGY POWER GENERATION PLANT WITH POWER
CAPACITY FOR 2X25 MW = 50 MW, BIOMASS 1000 ton/day; total
investment for 580 millions RMB, BIOMASS PROJECT NAMED AS
“ ANQIN AMERICA-CHINA GREEN ENERGY CO.LTD./TAIHU BIOMASS
ENERGY POWER PLANT”.
2.
CONSTRUCTION LOCATIONS
WITH
INVESTIGATINS, THE “ ANQIN AMERICA-CHINA GREEN ENERGY
CO.LTD./TAIHU BIOMASS ENERGY POWER PLANT” WILL BE
LOCATED IN TAIHU COUNTY – JIN-XI ZHENG, WITH LANDS
POSITION FOR 200 MU ( 1MU = 667 SQ.METER)
3.
CONSTRUCTION TIME:
THE
BIOMASS PROEJCT WILL BE FORMALLY EXECUTED AS THE TAIHU
GOVERNMENT APPROVAL AS THIS AGREEMENT. CONSTRUCTION PERIODS
FOR 2 YEARS, AND EXPECTED TO BE COMPLETED BEFORE/AROUND JUNE,
30 2010.
4.
BOTH PARTIES RESPONSIBILITIES
PARTY
A’S RESPONSIBILITIES
1.
PARTY A WILL BE RESPONSIBLE FOR COORDINATIONS WITH STATE,
PROVINCIAL AND CITY GOVERNMENT, ACCORDING TO THE BIOMASS
PROJECTS CONSTRUCTION & DEVELOPMENT SCALES, WATER
SUPPLY/USE QUANTITIES, ENVIRONMENT PROTECTION REQUIREMENTS,
ELECTRICITY PRICE, QUANTITIES OF THE ELECTRICITIES POWER TO
STATE GRID, AND STATE GOVERNMENT’S PLANNING AND
POLICIES, PARTY A WILL PROVIDE PARTY B WITH “ FREE OF
CHARGE” SERVICES TO HAVE ALL THE GOVERNMENT’S
APPROVAL AND PROPER GOVERNMENT PROCESSING/PROCEDURES FOR
FURTHER CONSTRUCTION AND DEVELOPMENT FOR THIS BIOMASS ENERGY
PROJECT (50 MW).
2.
RESPONSIBLE FOR COORDINATE WITH RELATED GOVERNMENT
DEPARTMENTS, AND FREELY PROVIDE TO PARTY B WITH THE SERVICES
FOR THE BIOMASS PROJECTS COMPANY’S LEGAL REGISTRATION
AND AFTER APPROVAL’S STAGE
WORKS/PROCESSING.
3.
ACCORDING TO STATE, PROVINCIAL, CITY GOVERNMENT’S
BENEFICAL POLICIES, PARTY A WILL PROVIDE TO PARTY B WITH THE
BEST TERMS FOR STATE, PROVINCIAL, CITY GOVERNMENT’S
BENEFICAL POLICIES. ALSO PROVIE TO PARTY B DURING THE
CONSTRUCTION PERIOD FOR THE FREE GOVERNMENT –COUNTY
FEES, AND CITY LEVEL WITH THE BEST BENEFICAL
POLICIES.
4.
RESPONSIBLE FOR STATE GOVERNMENT’S POLICIES PROTECTED :
FAIR “ELECTRICITY PRICE ( 0.60 RMB /KW/H)”WITH
STATE GRID.
5.
PRO
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