Signing
of Financial Cooperation Agreement on Hydropower Development Project
of Yalongjiang River Valley in Chengdu
CCB goes hand
in hand with Ertan Company to match the strategy of West-East
Electricity Transition Project and offer RMB 30 bln facility to
support the development of Yalongjiang River Valley.
CSep. 14—China Construction Bank Corporation
(CCB) and Ertan Hydropower Development Ltd. Company jointly held
a signing ceremony of Financial Cooperation Agreement on Hydropower
Development Project of Yalongjiang River Valley in Chengdu. CCB
will offer RMB 30 billion financial support to Yalongjiang River
Valley, which signifies that the business cooperation between
CCB and Ertan Hydropower Development Ltd. Company has entered
a new stage.
Since the construction of Ertan Hydropower
Station, CCB has provided long-term and comprehensive financial
support and services to it in many business fields including long
and medium-term credit, pricing and settlement and played a positive
role in its successful completion of construction and sound operation.
According to the strategic planning
of west-east electricity transmission project, Ertan Hydropower
Development Ltd. Company will establish and manage hydropower
station in Yalongjiang River Valley, lower and middle reaches
of which is one of the twelve largest hydropower bases. The cooperation
agreement signed between CCB and Ertan Company says clearly that
CCB will offer RMB 30 billion financial support and comprehensive
services to Ertan Company in its construction and development
of Yalongjiang River Valley, and the cooperation in project financing,
settlement, international finance, consultation and company-tailored
financial products portfolio will be conducted.
The signing of the cooperation agreement
between CCB and Ertan Company indicates that the long-term, close
and stable strategic cooperation partnership is further strengthened.
The two parties will collaborate in a more extensive regards to
reach a win-win goal hand in hand.