NO.168

JuneYao Group Extends Business Domain to Green New Energy
ReleaseDate: 2011-03-01

On the morning of March 14th, the ceremony for the setup of Green Clean Energy Joint Investment Enterprise, and cooperation agreement signing ceremony for investment projects in Inner Mongolia was held in Beijing. Seven large private-owned enterprises including Elion Resource Group, Asia Standard International Group, JuneYao Group, Wanda Group, Hongda Group, Transfar Group and Yili Energy joined hands to invest and establish West New Age Energy Investment Co., Ltd. Chairman of JuneYao Group; Wang Junjin attended the ceremony and signed the framework agreement. Huang Mengfu, Vice Chairman of CPPCC National Committee, Chairman of the National Association of Industry and Commerce; Bate’er, Deputy Secretary of CPC Committee of Inner Mongolia Autonomous Region, and Governor of the Autonomous Region, attended the agreement signing ceremony.

According to the introduction, the Green Clean Energy Joint Investment Enterprise will adopt “development concepts of adhering to clean energy, advocating green life” as its principle, and focuses on developing coal and coal based natural gas and related industries.

The Green Clean Energy Joint Investment Enterprise will first construct green clean energy demonstration base in Erdos, Inner Mongolia; by introducing overseas new technologies and self-developed technologies, adopting new measures to improve the percentage of renewable energy forms such as wind energy, solar energy, and biomass energy, it will build up green and clean energy industrial system with healthy eco environment, and features of circular economy and sustainable development ability.