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Thursday, 19 November 2009, 09:20 HKT/SGT
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Source: Solargiga Energy
Solargiga Awarded Tender for 13.5MW Golden Sun Pilot Project

HONG KONG, Nov 19, 2009 - (ACN Newswire) - China's leading monocrystalline silicon solar ingots and wafers manufacturer, Solargiga Energy Holdings Limited ("Solargiga" or the "Company", Stock Code: 757, and its subsidiaries, the "Group") announced that the Group has been granted a tender for 13.5MW photovoltaic power generation pilot project under the "Golden Sun Programme" to be implemented by the Chinese government, following the Group's success in commencing power generation of its 300kW photovoltaic pilot project in Jinzhou.

In accordance with the "Notice on the Successful Implementation of Photovoltaic Project of Golden Sun" ("the Notice"), a statement jointly issued by Ministry of Finance, Ministry of Science and Technology and Bureau of Energy, the Chinese government will implement a total of 642MW photovoltaic power generation pilot project under the "Golden Sun Programme" in the next two to three years, of which 16.5MW photovoltaic power generation project will be carried out in Liaoning Province.

According to the Notice, Jinzhou Yangguang Company Limited, a wholly-owned subsidiary of Solargiga, has been awarded the tender of 13.5MW photovoltaic power generation project, accounting for over 80% of the total generating capacity of the project to be implemented in Liaoning Province. The project includes large-scale on-grid photovoltaic power generation, user-side on-grid photovoltaic power generation and user-side roof-mounted photovoltaic power generation with power generating capacity of 10MW, 3MW and 500kW respectively.

Mr. HSU You Yuan, CEO and Executive Director of Solargiga, said, "The Golden Sun Programme is strongly supported by Ministry of Finance, Ministry of Science and Technology and Bureau of Energy, hence it has set high requirement on the technology and product quality fronts. The success of Solargiga in getting over 80% of the total power generating capacity of the project to be implemented in Liaoning Province marks the recognition of our advanced technological know-how, representing a significant milestone of the Group in diversifying its business to downstream supply chain. With its continuous efforts in developing the downstream business, the Group strives to maintain a sustainable growth and to capture market opportunities with a view to generating the best returns to our shareholders."

Contact:
Ms. Helen Chung
Tel: +852 3150 6730
helen.chung@pordafinance.com.hk

Ms. Kylie Yeung
Tel: +852 3150 6770
kylie.yeung@pordafinance.com.hk

Ms. Cara Pang
Tel: +852 3150 6736
cara.pang@pordafinance.com.hk

Ms. Abbey Zhao
Tel: +852 3150 6752
abbey.zhao@pordafinance.com.hk

Fax: +852-3150-6728


Topic: Contract Awarded
Source: Solargiga Energy

Sectors: Energy, Environment, ESG
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