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Import and Export Bank of China Zhejiang Branch signs Agreement of Loan Intent with Kaishan

Import and Export Bank of China Zhejiang Branch signs Agreement of Loan Intent with Kaishan

2017/02/24 publish by Kaishan compressor

In line with the acceleration of national strategies of “One Belt One Road”, international production capacity and cooperation between assembly and manufacturing, the Import and Export Bank of China Zhejiang Branch and Zhejiang Department of Commerce on December 8, 2016 jointly held at Hangzhou, a Zhejiang International Procurement (Project) and Import-Export Credit Loan Matching Fair. Witnessed by Zhejiang’s Deputy Governor Li Ming, Kaishan’s Chairman Cao Kejian signed during the meeting a Loan Intention Agreement with Import and Export Bank of China Zhejiang Branch. The agreement would ensure funding for construction of the SMGP geothermal power generation project in Indonesia. More significantly it provides powerful drive for Kaishan’s strategic transformation.

It is understood that the Fair attracted more than 60 Chinese and foreign enterprises in the relevant countries and regions, during which they signed international procurement (project) commercial contracts and credit loan intention agreements. The event will serve as an excellent start for manufacturers of high value-added products such as high-end assemblies and equipment sets to extend their industry chain and enhance their value chain.

With respect to “One Belt One Road”, Kaishan’s 240MW geothermal power-generation project in Indonesia is currently well under way. It is expected that by the end of 2017, Phase 1 of the project comprising of 50MW installed capacity will be completed and in operation.

At present Kaishan is quickening its pace of transitioning from an equipment manufacturer into recyclable energy operator, with development of geothermal power-generation for which it possesses technologies with autonomous intellectual property, as its first priority. Indeed the geothermal industry is one that has been dominated by Global 500 companies, as it requires five essential elements – resources, demand, funding, technology and human network. The industry is also a capital-intensive industry, with investment per megawatt being around USD5 million. At the heart of geothermal energy development is funding.

As the “One Bel One Road” strategy is being implemented and as global industries are being rebuilt, market demand for projects involving connection of State infrastructure is constantly increasing, as is that for equipment sets. With financing support from the Import and Export Bank of China, Kaishan’s path of construction of infrastructural facilities such as geothermal power generation in countries along the “One Belt One Road” will no doubt be faster and steadier.

Modular and integrated design places high demand on design personnel because they are required to be more considerate and to optimize the layout of various components of the unit. The aspects of modular spaces considered by designers include stress, pipeline direction, integration, and subsequent maintenance and services, which put higher demand on designers. Modular design also means greater difficulty for manufacturing. For instance, modular assembly of the unit requires accurate blanking, precise fitting and assembling, all-position welding, determining assembling sequence, etc. To ensure the success of modular manufacturing, Kaishan Energy, a subsidiary of Kaishan Group, adopted special processes and preventative measures.

The advantages of modular power station will appear more and more as Kaishan screw expander power projects are promoted progressively. There is reason to believe modular power stations will supersede stations conventionally constructed, because they are better in terms of competitiveness and economic benefits. The success of this project lays the foundation for the development of projects to be constructed in the US and Indonesia. We are certain Kaishan modular ORC power stations have great prospects and will enjoy a bright future! 

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