166 million will be returned, and 200 million may not be recovered! A photovoltaic project of Jiangnan Chemical Industry received subsidies in violation of regulations.

On February 20, Jiangnan Chemical Industry issued the Announcement on the Removal of the List of Electricity Price Subsidies and the Return of Some Financial Subsidies for a Photovoltaic Power Generation Project of a Wholly-owned Sun Company.

The announcement pointed out that on February 16, 2023, The company has received from the Inner Mongolia Finance Department, the Inner Mongolia Development and Reform Commission, The Leading Group of Inner Mongolia Energy Bureau issued the Opinions on the Identification and Disposal of the Central Subsidy Fund for Renewable Energy Power Generation in the 50 MW Photovoltaic Power Generation Project of Inner Mongolia Dun'an Photovoltaic Power Co., Ltd. It was determined that the 50MW photovoltaic power generation project in Wulate Rear Banner was not included in the scale management and the filing documents were invalid . The project was removed from the subsidy list and the subsidy fund of 166.1751 million yuan was returned. At the same time, as of December 31, 2022, the power station has not recovered the receivable electricity subsidy of 199.1568 million yuan, which may have the risk of not being recovered.

Data show that Anhui Jiangnan Chemical Industry Co., Ltd. (Stock Abbreviation: Jiangnan Chemical Industry, Stock Code: 002226) is a diversified listed company with "dual-core drive" of civil explosion and new energy business, and a national demonstration enterprise of safety culture construction.

In the field of new energy, Dun'an New Energy, a subsidiary of the company, specializes in the development, construction and operation of wind farms and photovoltaic power plants, with 10 + years'experience in clean energy development.