HONG KONG, Sept. 7, 2012 -- China Technology Development
energy group that provides solar energy products and solutions, today
announced that it has entered into a number of cooperation framework
agreements with several PV industry players regarding cooperation on PV
projects with a total of 2.123GW capacity in the coming three years.
CTDC has been involved in conversations with several local and overseas
companies in the solar industry for the discussion of cooperation
opportunities on future solar power projects. Up to August 31, 2012, the
Company has signed a total of four cooperation framework agreements, details
of which have been listed below:
-- 973MW PV projects cooperation framework agreement with GCL-Poly Energy
Holdings Limited (HKG:3800) and China Merchants New Energy Holdings
-- 200MW PV projects joint development agreement with Hareon Solar
Technology Company Limited (SHA:600401) and China Merchants New Energy
-- 450MW PV projects cooperation framework agreement with Znshine PV-Tech
Company Limited and China Merchants New Energy Holdings Limited, and
-- 500MW PV projects cooperation framework agreement with Astronergy
Company Limited and China Merchants New Energy Holdings Limited.
Within the next 3 years, CTDC will take an intermediary role as a
coordinator among different parties for the upcoming PV projects and will be
remunerated for a commission fee based on the services provided.
Sean Liaw, President of the Company commented: "These activities are
expected to bring more diversified business opportunities to the Company and
we are looking forward to playing an important role in global solar project
CTDC is a fast growing clean energy group in China based in Hong Kong,
providing solar energy products and solutions to the global market under the
"LSP" brand. CTDC's major shareholder is China Merchants Group, a
state-owned conglomerate in China (http://www.cmhk.com).
For more information, please visit http://www.chinactdc.com.