The 34MW Biomass Power Project Invested by SFIC was Approved by National Development and Reform Commission

Hittimes:2567 Addtime:2011-01-17


The 34MW biomass power project,which located at New Mexico, USA, invested by SFIC was approved by National Development and Reform Commission recently.
SFIC is planning to invest nearly 100 million, financing by The Export-Import Bank of China Chengdu Branch.This project is signed a 20 years PPA with Sourth California Edison Corporation to ensure a steady source of revenue. Moreover, this project meet the reqirement of New Energy Policy by the American administration of President Barack Obama. After the project COD, the Treasury Department of United States will provide clean-energy subsidies, hence increase project revenure significantly.