Blue Sky Power announced that it has entered into an acquisition agreement with Zhongbang Wealth to acquire the beneficiary rights in the principal amount of RMB15 million (near USD 2.5 million) under the Asset Management Scheme, which is used to finance the construction of a natural gas project in Qujing, Yunnan, to be managed and operated by Yunnan Jiadao.
Yunnan Jiadao invests in refitting and assembling of natural gas heavy trucks, and the building and operation of natural gas refueling stations for heavy trucks in Quing, Yunnan Province. It has entered into an investment cooperation agreement with the People’s Government of Quijing, and was granted the investment project registration certificates in respect of the construction of 9 LNG refueling stations and the plant for the refitting and assembling of natural gas heavy trucks in Qujing.
Blue Sky Power has designated natural gas business as the Group’s priority for its future business development, and considered that the five provinces in South Western China (including Guizhou Province, Sichuan Province, Yunnan Province and Chongqing) will be one of the major target locations.
The People’s Government of Qujing promotes the three-year action plan for “Qujing gasification” and encouraged the use of natural gas to replace other traditional energy supply by accelerating the building and establishment of natural gas network, LNG storage and supply facilities, and natural gas refueling stations for vehicles in Qujing.
It is expected that the use of natural gas will be widely expanded to various vehicles including public transportation and heavy trucks and required all new vehicles to be either oil and natural gas dual fueled or natural gas fueled. To support the policy of natural gas usage promotion, there will also be relevant tax benefits, fees exemption and government subsidies for the enterprises or residents with natural gas usage in Qujing. A convenient and easy way to rent a car in bishkek ⚡ We can find the perfect rental car for your vacation or business trip through the most popular destinations of Kyrgyzstan
Source: Blue Sky Power Holdings Limited.