BEIJING and LAS VEGAS, Sept. 18 /Xinhua-PRNewswire-FirstCall/ --
China Holdings, Inc.(OTC:CHHL) (BULLETIN BOARD: CHHL) , a global
diversified asset holdings company and its subsidiaries,
headquartered in the U.S., engaged in multiple China-focused
business activities including energy, clean energy, resources, and
utilities, and its controlled subsidiary, China Power, Inc.
(together as "The Company") today announced the consolidated
progress of its 5 Biomass Clean Energy Power Plants/Projects (250
Mega Watts (MW) = 5 x 50 MW(= 2 x 25 MW)). The Company has
contracted the'China Electric and Design Institute' (a China
National (Top Rank) Licensed AAA+ Engineering Firm) as the
Company's engineering partner for providing the Company with its
engineering experts consultation and services (such as: projects
planning & design, engineering, procurement, construction) in
regards to the 5 Biomass Clean Energy Power Plants/Projects. The
Company has completed consolidated progress & development of
its 5 Biomass Clean Energy Power Plants/Projects (250 MW = 5 x 50
MW (= 2 x 25 MW)) in the following areas: -- The China Electric and
Design Institute has already completed two feasibility studies for
the Company's TaiHu Biomass Power Plant/Project (50 MW (2 x 25 MW))
and Ontniute Biomass Power Plant/Project (50MW (2 x 25 MW)). -- Two
Biomass Fuel Supply Guarantee Agreements have been confirmed with
the local government for the Company's TaiHu Biomass Power
Plant/Project (50MW) and Ontniute Biomass Power Plant/Project
(50MW) already. -- Two Biomass fuel analysis for the Company's
TaiHu Biomass Power Plant/Project (50MW)/Ontniute Biomass Power
Plant/Project (50MW) have also been completed. -- Water
Supply/Electricity Supply, etc. Guarantee Agreements with the local
government for the Company's TaiHu Biomass Power Plant/Project
(50MW) and Ontniute Biomass Power Plant/Project (50MW) already are
confirmed. -- The Company plans to operate its TaiHu Biomass Power
Plant/Project (50 MW (2 x 25 MW)), AnHui Province, PR China under
its wholly-owned subsidiary: America-China Green Energy (TaiHu) Co.
Ltd. which is expected to begin operation and production in
2010-2011, approximately. -- The Company plans to operate its
Ontniute Biomass Power Plant/Project (50 MW (2 x 25 MW)), Inner
Mongolia Province, PR China under its wholly-owned subsidiary:
America-China Green Energy (Ontniute) Co. Ltd. and is expected to
begin operation and production in 2010-2011, approximately. -- The
Company has 5 biomass waste to energy power plants (250 MW = 5 x 50
MW (= 2 x 25 MW)) that are expected to begin operation and
production in 2010-2011. Each 50MW Power Plant has the following
features: 1. Size: 1240 tons-per-day 2. Annual waste disposed:
409,200 tons 3. Construction period: 24 months 4. Operating period:
30 years 5. Power Capacity: 50 MW = 2 x 25 MW 6. Annual electricity
produced: 411,050,000 KW-hrs 7. Annual electricity sells:
361,680,000 KW-hrs 8. Total Investment (35% cash/65% bank loan):
500 - 600 Million RMB Approximately 9. Electricity Selling Price:
0.61-0.65 RMB/KW-hr 10. Fuel Delivery Price: 150-300 RMB per ton
11. Land Position: 215 MU (1MU = 667 Sq. meters) -- The Company's 5
biomass waste to energy plants (250 MW = 5 x 50 MW (= 2 x 25 MW))
in China are expected to begin operation and production in
2010-2011, we expect: * Annual electricity produce: 2,055,250,000
KW-hrs * Annual electricity sells: 1,808,400,000 KW-hrs *
Electricity sells Price: 0.61-0.65 RMB/KW-hr * Total Investment
(35% cash/ 65% bank loan): 2500 -3000 MILLIONS RMB Approximately *
Total Power Capacity: 250 MW = 5 x 50 MW(=2 x 25 MW) * Total Land
Position: 501,000 MU (1MU = 667 Sq. meters) The Company is aiming
to be one of the leading developers of high value clean energy
power plants & properties in China, or/and worldwide. The
Company has competently positioned itself to be one of the leading
clean energy developers in China, or/and worldwide, with key
strengths that include: 1) Being a pioneer developer in Biomass
energy & clean energy properties, as recent successes
highlight, the company has a clean energy power plants/pipeline
with a power capacity up to 550 - 1250 mega watts that are in
development, pre-construction and construction in China, including
a combined 250 Mega Watts (5 Biomass Clean Energy Power
Plants/Projects (5 x 50 MW)) and 300 to 1000 Mega Watt Wind Energy
Power Plants/Projects (298.8 (6 x 49.8) to 996 Mega Watts (20 x
49.8)); 2)Through building high value wind energy and clean energy
power plants/projects with world class quality, operation and
maintenance levels; 3) A comprehensive master of the complexities
and activities in the China wind energy market & clean energy
industry, including project development, equipment supply and
government policy; 4) Firmly established government relations at
the local, provincial and national levels and experience with the
complex regulatory and approval process that is essential to bring
all the Biomass energy & clean energy plants/projects through
approvals to long and successful operation & production in
China; 5)Extensive analysis and research tracking capabilities of
the clean energy industry in China; and 6) Experienced managements
in the development, structuring and financing of large energy
projects in China. At the forefront of China's clean energy
industry, the Company has enviable resources and credentials as a
successful clean energy developer. The value inherent in the
Company's unique position of clean energy power plants/projects
pipeline (total potential power capacity: 550 - 1250 mega watts) is
truly extraordinary, and the progress the Company has made through
their initiatives for the coming years signals the ability to
capitalize on the underlying potential of clean energy power plants
& industry in China, or/and worldwide. The breakthrough doubles
the Company's commitment to develop, construct and contribute to
the clean energy industry in China, or/and worldwide, including
wind energy, biomass clean energy and hydropower. The Company
leverages deep China and wind energy markets experiencing the
world's largest and fastest power demand growth. The Company
provides a competitive opportunity in China with the highest global
standards, to its stockholders and investors who wish to
participate in one of the world's most dynamic and fastest growing
clean energy industries in china, or/and worldwide. About China
Electric Design and Research Institute (Since 1951) The China
Electric Design and Research Institute ("CEI") is a China
National-Top Rank Grade AAA+ Engineering Firm and a comprehensive
design and research organization with engineering consultation,
engineering contractor and engineering cost consultation units
issued by the State, China; CEI also owns a design license for all
kinds of pressure vessels issued by the State, China; and business
licenses for economic and technical cooperation with foreign firms
issued by the State, China. CEI's fields of expertise include
engineering consultation, project planning & design, project
contracting and construction project management, both across China
and abroad, in machinery, electric power, civil construction,
municipal engineering, light industry, petrochemicals,
environmental protection, materials, business, shipbuilding,
automobiles, logistics and design for all kinds of vessels and
pipelines. CEI also holds business licenses issued by the State,
China, for economic and technical cooperation with foreign firms.
The institute is entitled to prepare and manage the national design
standards for building electrical installations and the technical
committee TC64, as well as building electrical installations. The
Chinese national committee of the IEC is also based at the
institute. CEI is partially in charge of the formulation of the
national design code of electrical and machinery industries. CEI
also undertakes or participates in the technical evaluation and
justification of major national projects such as nuclear power
plants, and hydropower units for the three Gorges Station, etc. CEI
is in possession of a powerful technical strength, with more than
200 technical professionals and various specialists, in which over
80 are senior engineers, including 8 state national grade AAA+
registered architectures, 23 state national grade AAA+ registered
structural engineers, 11 registered consulting engineers and 9
registered engineering cost engineers. Contributions have been made
in the planning, development and engineering execution in various
industries and CEI has also completed many construction projects
abroad, and earned a good reputation with domestic and overseas
customers. Since 1985, CEI has completed consultation, design and
EPC for more than 1000 projects including nearly 100 joint-ventures
(foreign-funded, World-Bank loans), contracted for 30 plus projects
and developed 100 odd pieces of specialized equipment, production
lines and transfer machines, including: the HuiZhou Garbage Heat
Decompose Generate Electricity Project, Guangdong Province,
(Capacity: 600 t/d); a 120 MW Coal-Layer Gas Generate Electricity
Project for SiHe Bure of Jincheng, Shanxi Province, and Shuangyushu
Heating Plant, Beijing ( Heating Capacity: 4 x 116 MW, Heating
Area: 10,000,000 Square Meter); an Intelligent Control System
Renovation project of The Mao ZeDong Memorial Hall in Tian-An-Men
Square, Beijing; the Shanghai Science and Technology Center; the
Scheduling Center Building of Electric Power in Jiangmen, Guangdong
Province; the Technology Center of China Banknote Printing and
Minting Corporation; and the Heavy Turbo-Generator Testing
Facilities with 1000 MW level of Harbin Electric Machinery. It has
established good cooperation relationships with various economic
development regions for domestic and overseas customers. About
China Holdings, Inc. China Holdings, Inc. (OTC:CHHL) (BULLETIN
BOARD: CHHL) , headquartered in the U.S., is a diversified global
assets holding company. The Company and its subsidiaries engage in
multiple China-focused business activities including energy, clean
energy, resources, and utilities. The Company is developing its
Clean Energy Power Plants in Biomass Waste to Energy, Wind Energy
Power Plants & Hydropower Plants to reach the Total Potential
Power Capacity from 550 MW to 3200 MW in 2013 Year. The Company
aims to achieve long-term capital appreciation through investment
in clean energy projects & properties, and entities with
significant assets, productions, or business interests in China,
or/and worldwide, or/and which derive a significant part of their
revenue from China, or/and worldwide. The Company has three
wholly-owned subsidiaries: (i) China Power, Inc., (ii) China
Minerals Holdings, Inc.; (iii) China Health Holdings, Inc. For the
Company's profile, please feel free to via website:
http://www.chinaholding.net/ . For worldwide investors and media
inquiries, please contact: Julianna Lu/The Chief Executive Officer,
via email: or/and or Tel: +86-1370-133-1287 (china worldwide
direct) About China Power, Inc. China Power Inc., a controlled
subsidiary of China Holdings, Inc., headquartered in the U.S., is a
global energy & clean energy holding company headquartered in
the U.S. It focuses on Merger & Acquisition, Joint-Venture
Partnership, Investment, Research & Development, Construction
and Operation of energy, clean energy, and environment protection
projects in China and worldwide. The Company is developing its
clean energy power plants in biomass clean energy, wind energy
power plants and hydropower plants to reach a total potential power
capacity of approximately 550 MW to 3200 MW in 2013. The Company's
advanced clean energy strategy & plan in biomass clean energy,
wind energy power plants & hydropower plants have technical,
social, and environmental benefits and provide investment and
business activities in the cost-competitive biomass clean energy,
wind energy and hydropower capacity energy supply in China and
worldwide, and also increase its worldwide Stockholders' values in
the long term. Biomass Clean Energy in China China's energy
development has serious resource constraints. Its current energy
resources are primarily from diminishing domestic fossil fuels, but
it is becoming increasingly dependant on expensive imported fuels,
ecologically disastrous hydroelectricity and vulnerable and
expensive nuclear energy. Therefore, one of the most urgent
problems the Chinese Government faces is to build a safe, economic,
clean and sustainable energy supply system, whilst solving the
energy supply bottlenecks. Consequently, the Chinese Government is
encouraging the use of alternative energy production with both
incentives and privileges. One of the solutions is to develop
Biomass clean energy. China is rich in agricultural and forestry
waste materials such as straw, bush and quitch. By 2012 the total
biomass generating capacity is expected to reach 300 million
kilowatts and 1600 million kilowatts by 2020. Many areas have good
conditions for developing biomass clean energy production. The
government recognizes this and is aiming to establish biomass clean
power plants not only in major grain-producing areas but also
transform small coal- fired thermal power units into Biomass
burning. Chinese Government Laws -- Biomass Clean Energy Law: The
Renewable Energy Law was passed by the People's Congress of China
on February 28, 2005 and came into force on January 1, 2006; Tax
Benefits: To encourage the construction of renewable energy
projects, the Chinese Central Government has introduced a series of
tax exemptions, incentives and tax holiday privileges; Electricity
Price: To ensure the construction and development of renewable
energy projects, the National Reform and Development Committee has
set the standard electricity price for renewable energy
0.25Yuan/KWH higher than the local average grid connection price.
This is approximately 40% higher than the local average.
Additionally, there is a supervision system to ensure full purchase
and payment of all renewable energy produced; Carbon Credits: The
Chinese Government allows qualifying joint venture plants to trade
Clean Development Mechanism (CDM) credits. These can be traded in
advance of Plant construction at around US$ 10-15/ ton or at a much
higher value if traded after construction is completed.
Forward-looking Statements To the extent that statements in the
press release are not strictly historical, including statements as
to revenue projections, projections of results of specific
activities or investments, business strategy, outlook, objectives,
future milestones, plans, intentions, goals, future financial
conditions, future collaboration agreements, economic performance
and trends, the success of the Company's development, events
conditioned on stockholder or other approval, or otherwise as to
future events, such statements are forward-looking, all
forward-looking statements, whether written or oral, and whether
made by or on behalf of the Company, are expressly qualified by the
cautionary statements and any other cautionary statements, which
may accompany the forward-looking statements, and are made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-looking
information is inherently subject to risks and uncertainties, and
actual results could differ materially from those currently
anticipated due to a number of factors, which include, but are not
limited to, risk factors inherent in doing business.
Forward-looking statements may be identified by terms such as
"may," "will," "should," "could," "expects," "plans," "intends,"
"anticipates," "believes," "estimates," "predicts," "forecasts,"
"potential," or "continue," or similar terms or the negative of
these terms. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements.
The Company has no obligation to update these forward-looking
statements. Other important factors that could cause actual results
to differ materially include the following: business conditions and
the amount of growth in the Company's industry and general economy;
government policies, competitive factors; ability to attract and
retain personnel; the price of the Company's stock; and the risk
factors set forth from time to time in the Company's SEC reports,
including but not limited to its annual report on Form 10-KSB; its
quarterly reports on Forms 10-QSB; and any reports on Form 8-K. In
addition, the Company disclaims any obligation to update or correct
any forward-looking statements in all of the Company's press
releases to reflect events or circumstances after the date hereof.
For worldwide investor and media inquiries, please contact: China
Holdings, Inc. (Las Vegas and Beijing) Ms. Julianna Lu, Chief
Executive Officer Tel: +86-1370-133-1287; +86-10-6586-4770 Fax:
+86-10-6586-4790 Email: and Web: http://www.chinaholding.net/ Wall
Street Report (New York) Mr. Jack Marks, Chief Executive Officer
Tel: +1-212-363-2600 Web: http://www.wallstreetreporter.com/ China
Holdings, Inc. (Las Vegas and Beijing) Mr. James H. Simpson, Senior
Vice President Corporate Development/Investor Relations Tel:
+86-1370-133-1287; +86-10-6586-4770 Fax: +86-10-6586-4790 Email:
DATASOURCE: China Holdings, Inc. CONTACT: Ms. Julianna Lu, Chief
Executive Officer of China Holdings, Inc. (Las Vegas and Beijing),
+86-1370-133-1287; +86-10-6586-4770, or fax, +86-10- 6586-4790, or
and ; Or Mr. Jack Marks, Chief Executive Officer of Wall Street
Report (New York), +1-212- 363-2600; Or Mr. James H. Simpson,
Senior Vice President of Corporate Development/Investor Relations
of China Holdings, Inc. (Las Vegas and Beijing), +86-1370-133-1287;
+86-10-6586-4770, or fax, +86-10-6586-4790, or Web site:
http://www.chinaholding.net/ http://www.wallstreetreporter.com/
Copyright
