On September 30, CR Power, CR Cement and Fujian Energy Group Co., Ltd. held a signing ceremony for the cooperation between the two parties on several projects in order to further implement the Strategic Cooperation Agreement between CR and the provincial government of Fujian. Zhou Junqing, Zhou Longshan, and heads of CR Power and CR Cement attended the signing ceremony.

Heads of CR Power and CR Cement and Zheng Zhen, General Manager of Fujian Energy Group signed the Agreement on the Investment in Hui’an Power Plant Project, the Agreement on the Investment in Hui’an Cement Factory Project and the Agreement on the Increase of Capital and Stock Shares of Fujian Construction Materials (Holdings) Co., Ltd. on behalf of their respective enterprises. According to the agreements, the three parties will construct ultra-supercritical coal-fired generating units (with two 1,000MW units planned for Phase I) and four cement grinding plants with an annual output of 1 million ton. On the basis of the developments, the three parties will develop Quanzhou Circular Industrial Park integrating wind power, desalination, beer, marine chemical processing, food and medical businesses.

The Cooperation Framework Agreement is a milestone for in-depth cooperation between the Group and Fujian Energy Group, marks the entry of CR Power in Fujian market, and makes a model of cooperation between CR Power and CR Cement.

After the ceremony, Zhang Zhinan, member of Standing CPC Committee of Fujian Province and heads of the provincial Development and Reform Commission and the provincial Economic and Trade Commission met with heads of CR Power and CR Cement.