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Shell Solar Gets 1.28 Mln Euro China Solar Power Contract

THE WALL STREET JOURNAL: Shell Solar Gets 1.28 Mln Euro China Solar Power Contract

Posted 13 May 05

DOW JONES NEWSWIRES

BEIJING — Shell Solar GmbH, has won a 1.28 million euro (CNY13.6 million) contract to provide solar power to 12 remote villages in Northwest China’s Qinghai province, the company said Thursday.

The solar photovoltaic unit of Royal Dutch/Shell Group (RD) will install systems producing up to 80 kilowatt peak of electricity for 551 households which up to now haven’t had electricity connections, a Shell statement said.

Installation is scheduled to be completed by the end of 2005, said Shell.

The project is part of a pilot program jointly funded by the KfW, the German state-owned development bank, and China’s Ministry of Finance.

Under the same program, Shell Solar won a 2.7 million euro contract in early 2004 to provide electricity to 1,300 households in 26 villages in Yunnan and Xinjiang provinces, with a total installed power of 200 kWp.

Company Web site: http://www.shell.com

-By China Bureau, Dow Jones Newswires; 8610 6588-5848; [email protected]

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