An investor asked Conch Cement: Recently, the company has paid attention to the Yarlung Zangbo River Hydropower Project. The company has a branch in Xizang. If the company wins the bid, it will have a positive impact on the company's revenue. Are you ready to actively raise funds for related matters?
The company responded that the Yarlung Zangbo River Hydropower Project is a major national strategic project with large investment, long construction period and strong driving effect, which is expected to bring significant development opportunities to regional water conservancy, infrastructure, energy and other industries. The company attaches great importance to the Yarlung Zangbo River Hydropower Project, actively prepares related resources, and actively participates in the construction of the project and supporting projects relying on the location advantages of Basu Conch and the product advantages of Conch Cement in Xizang, so as to contribute to major national strategic projects.
It is understood, eight Su Conch is Anhui Conch Group Company in Xizang Autonomous's first investment project, also is the conch group to boost local poverty alleviation, practice the important carrier of social responsibility. The company is located in Xizang Autonomous, eight Su County, Baima town, Xiba village, was founded in April 2018, registered capital of 827 million yuan. Anhui Conch Cement Co., Ltd. accounted for 70% of the shares, Basu Rongsu poverty alleviation Investment Co., Ltd. and Changdu Kaiyuan Investment Co., Ltd. each accounted for 15% of the shares.
With a total investment of 1.38 billion yuan, a new dry process cement clinker production line of 2500 tons/d has been built, with a total annual output of 1.1 million tons of cement grinding and supporting 4.5MW waste heat power generation system and 2.9MW distributed photovoltaic power generation project.
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