Southwest China's Chongqing Energy Investment Co., Ltd and France-based ENGIE Group newly signed an agreement to inject 200 million yuan as follow-up investment into the first phase of their joint venture Sino-France Energy Service Co., Ltd.
According to Chongqing Municipal Commission of Economy and Information Technology, after the capital injection, ENGIE will hold a 40 percent share in the joint venture set up in 2009 and the rest 60 percent will be held by Chongqing Gas Co., Ltd., subsidiary of Chongqing Energy Investment.
The two sides agreed to strengthen the development of water-power-gas triplet energy supply stations in Danzishi central business district and Chenjiaqiao hospital.
The two sides confirmed that the joint venture will repurchase the Danzishi project and ENGIE will optimize the function and technology solutions of the phase II and III projects of the Danzishi central business district and improve their operation. The two sides confirmed that the total investment in the joint venture will reach 1 billion yuan in the following years.
Latest comments