Price Determination. Pursuant to the Chentang Power Generation Trading Agreement, the substitution fees shall be i) determined by reference to substituted electricity volume and at the price of RMB250 per mwh (inclusive of tax); and ii) settled by Chentang Heat Electricity in cash on a monthly basis. Annual Cap Based on assumed growth of the electricity generation business of the Group and the Group’s electricity generation capacity, the Company has set a cap on substitution fees receivable under the Chentang Power Generation Trading Agreement for the year ending 31 December 2009 at RMB 120,000,000.
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Price Determination. Pursuant to the Chentang Datang Weishui Power Generation Trading Agreement, the substitution fees shall be i) determined by reference to substituted electricity volume and at the price of RMB250 RMB260 per mwh (inclusive of tax); and ii) settled by Chentang Heat Electricity Datang Weishui in cash on a monthly basis. Annual Cap Based on assumed growth of the electricity generation business of the Group and the Group’s electricity generation capacity, the Company has set a cap on substitution fees receivable under the Chentang Datang Weishui Power Generation Trading Agreement for the year ending 31 December 2009 at RMB 120,000,00078,000,000.
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Price Determination. Pursuant to the Chentang Datang Matou Power Generation Trading Agreement, the substitution fees shall be i) determined by reference to substituted electricity volume and at the price of RMB250 RMB240 per mwh (inclusive of tax); and ii) settled by Chentang Heat Electricity Datang Matou in cash on a monthly basis. Annual Cap Based on assumed growth of the electricity generation business of the Group and the Group’s electricity generation capacity, the Company has set a cap on substitution fees receivable under the Chentang Datang Matou Power Generation Trading Agreement for the year ending 31 December 2009 at RMB 120,000,00072,000,000.
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Price Determination. Pursuant to the Chentang Guohua Dingzhou Power Generation Trading Agreement, the substitution fees shall be i) determined by reference to substituted electricity volume and at the price of RMB250 RMB245 per mwh (inclusive of tax); and ii) settled by Chentang Heat Electricity Xxxxx Xxxxxxx in cash on a monthly basis. Annual Cap Based on assumed growth of the electricity generation business of the Group and the Group’s electricity generation capacity, the Company has set a cap on substitution fees receivable under the Chentang Guohua Dingzhou Power Generation Trading Agreement for the year ending 31 December 2009 at RMB 120,000,000269,500,000.
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Price Determination. Pursuant to the Chentang Datang Baoding Power Generation Trading Agreement, the substitution fees shall be i) determined by reference to substituted electricity volume and at the price of RMB250 RMB260 per mwh (inclusive of tax); and ii) settled by Chentang Heat Electricity Datang Baoding in cash on a monthly basis. Annual Cap Based on assumed growth of the electricity generation business of the Group and the Group’s electricity generation capacity, the Company has set a cap on substitution fees receivable under the Chentang Datang Baoding Power Generation Trading Agreement for the year ending 31 December 2009 at RMB 120,000,000234,000,000.
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Price Determination. Pursuant to the Chentang Guohua Cangdong Power Generation Trading Agreement, the substitution fees shall be i) determined by reference to substituted electricity volume and at the price of RMB250 RMB245 per mwh (inclusive of tax); and ii) settled by Chentang Heat Electricity Xxxxx Xxxxxxx in cash on a monthly basis. Annual Cap Based on assumed growth of the electricity generation business of the Group and the Group’s electricity generation capacity, the Company has set a cap on substitution fees receivable under the Chentang Guohua Cangdong Power Generation Trading Agreement for the year ending 31 December 2009 at RMB 120,000,000612,500,000.
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