BEIJING and LAS VEGAS, Sept. 27 /Xinhua-PRNewswire-FirstCall/ --
China Holdings, Inc. (OTC:CHHL) (BULLETIN BOARD: CHHL) , a global
diversified asset holdings company and its subsidiaries,
headquartered in the U.S., engaged in multiple China-focused
business activities including energy, clean energy, resources, and
utilities, and its controlled subsidiary, China Power, Inc.
(together as "The Company"), today announced that the Company have
executed a four-year contract ("the Contract") with 100% exclusive
and first rights to develop and construct the Inner Mongolia 2nd
Ontniute Wind Energy Power Plants/Projects (Power Capacity up to
300 - 1000 mega watts, approximately) with the local Ontniute
government, Inner Mongolia, PR China ("Ontniute"). The Inner
Mongolia 2nd Ontniute Wind Energy Power Plants/Projects are
combined through a total of 6 to 20 wind energy plants, each with
49.8 mega watts of capacity on a 2nd defined 200 square KM piece of
land in Inner Mongolia, PR China. The Breakthrough confirms China
Holdings and China Power's honorable commitment to develop,
construct and contribute to China's clean energy industry,
including wind energy, biomass clean energy and hydropower. The
development brings the Company's Clean Energy Power Plants/Projects
Pipeline: a total potential power capacity up to 850 -2250 Mega
Watts in the processing of development, pre-construction, and
construction as the following: 1). Approximately 600 - 2000 mega
watts of wind energy, which is a combined total of 12 to 40 wind
farm energy plants each with 49.8 mega watts of capacity on the
defined 400 square KM piece of land in Inner Mongolia, PR China.
2). 250 Mega Watts: 5 Biomass Clean Energy Power Plants/Projects
from a total of 5 biomass clean energy power plants each with 50
mega watts = 2 x 25 MW on the defined 501,000 MU (1 MU = 667 sq.
meters) piece of land. The value inherent in the Company's unique
position through its Clean Energy Power Plants/Projects Pipeline
(Potential Power Capacity: 850 -2250 Mega Watts, approximately) is
truly extraordinary, and the progress the Company has made on its
initiatives for the coming years signals the ability to capitalize
on the underlying potential of clean energy power plants &
industry in China, or/and worldwide. Pursuant to "the Contract",
the "Ontniute" government has granted the Company with the Inner
Mongolia 2nd Ontniute Wind Energy Power Plants/Projects (Power
Capacity approximately 300 to 1000 mega watts) with -- A four-year
development and construction contract: with 100% exclusive and
first rights, as well as non-competition/non-solicit terms, of
investment and construction rights; -- The scale of the Inner
Mongolia 2nd Ontniute Wind Energy Power Plants/Projects is an
approximate power capacity of 300 to 1000 mega watts, which is
combined with an additional 6 to 20 wind energy plants each with
49.8 mega watts of capacity on a 2nd defined 200 square KM piece of
land in Inner Mongolia, PR China; -- Ontniute will be responsible
for support and coordination with government departments for
related legal processing; -- As stated in amended China renewable
energy laws to wind energy producers and developers: an electricity
power price of 0.50-0.55 Yuan Per/Kwh, & a guarantee from state
grids confirm 100% purchase of the electricity power from wind
energy producers and developers; -- The Company has agreed to
invest and construct this Inner Mongolia 2nd Ontniute Wind Energy
Power Plants/Projects (Power Capacity approximately 300 to 1000
mega watts) in the next four years, with a total investment of 2.7
billion Yuan (RMB) through 35% cash/equity & a 65% bank loan;
and -- The Company will be responsible for further PR government's
processing and compliances, including construction permits,
collecting wind data/resources, research and investigation, and the
further development of construction over the next 4 years. China
Holdings, Inc. and its controlled subsidiary, China Power, Inc.,
plan to complete its Inner Mongolia 1st & 2nd Ontniute Wind
Energy Power Plants/Projects' development (wind data collection,
technical assessments and government processing), financing and
construction, with the aim of being fully operational by 2010-2013,
approximately. With its power capacity ranging from 600 to 2000
mega watts, with an annual average full load electricity generation
of approximately 2500 -2800 hours, the projects will be constructed
on a defined 400 square KM piece of land in Inner Mongolia, PR
China, as part of a phase I & II development platform. Under
the china renewable energy laws, these wind energy plants will be
operated under a 25 to 30-year operation/production license, plus
China's State-Grids will guarantee to purchase 100% of the
electricity power generated by the wind plants at a guaranteed
electricity price of 0.50 - 0.55 Yuan/Kwh, with annual increases of
5% as an approximate increase in line with inflation. The Company
is aiming to be one of the leading developers of high value wind
energy & clean energy properties in China or/and worldwide. The
Company has competently positioned itself to be one of the leading
wind & clean energy developers in China, with key strengths
that include: a). Being a pioneer developer in wind energy &
clean energy properties, as recent successes highlight, the company
has a clean energy power plants/pipeline with a power capacity up
to 850 - 2250 mega watts that are in development, pre-construction
and construction in China, including a combined 250 Mega Watts: 5
Biomass Clean Energy Power Plants/Projects at 50 mega watts (2 x 25
MW) and a combined 600 to 2000 Mega Watt Wind Energy Power
Plants/Projects: 12 to 40 wind energy plants each with 49.8 mega
watts of capacity; b). Through building high value wind energy and
clean energy power plants/projects with world class quality,
operation and maintenance levels; c) A comprehensive master of the
complexities and activities in the China wind energy market &
clean energy industry, including project development, equipment
supply and government policy; d). Firmly established government
relations at the local, provincial and national levels and
experience with the complex regulatory and approval process that is
essential to bring all the wind energy & clean energy
plants/projects through approvals to long and successful operation
& production in China; e). Extensive analysis and research
tracking capabilities of the clean energy industry in China; and
f). experienced managements in the development, structuring and
financing of large energy projects in China. Wind Energy &
Resources in China According to the China Academy of Meteorological
Sciences, China has abundant wind energy resources (253GW onshore +
750GW offshore) and a wind energy market with annual installations
and growth rate on par with Europe and the US in the coming years.
The estimated economically viable capacity for wind energy in Inner
Mongolia is 101GW, accounting for 40% in China. Additionally, China
has a large area of shallow sea with huge wind energy resources
along its eastern coastline. A record 1.4GW of wind power capacity
was installed in 2006, and 2+ GW was installed during 2007. China
could achieve some 75GW of installed wind capacity by 2020, given
only a modest 10% CAGR for annual installations beyond near term
development activity. About 23 - 29% capacity factor, annual
potential production of electricity from wind power could be as
great as 506 - 632 TWh, approximately. About China Holdings, Inc.
China Holdings, Inc. (OTC:CHHL) (BULLETIN BOARD: CHHL) is a
diversified global assets holding company headquartered in the U.S.
The Company and its subsidiaries engage in multiple China-focused
business activities including clean energy, energy, resources, and
utilities. The Company is developing its clean energy power plants
in wind energy power plants, biomass clean energy & hydropower
plants to reach a total potential power capacity of approximately
850 MW to 3200 MW in 2013. Its objective is to achieve long-term
capital appreciation through investment in companies and other
entities with significant assets, investments, production
activities, trading or other business interests in China or
worldwide, and/or which derive a significant part of their revenue
from China or worldwide. The Company has three wholly-owned
subsidiaries: (i) China Power, Inc.; (ii) China Minerals Holdings,
Inc.; (iii) China Health Holdings, Inc. For the Company's profile,
please feel free to visit website: http://www.chinaholding.net/;
and http://www.chinapower.us/ For worldwide investors and media
inquiries, please contact: Julianna Lu/The CEO, via email: , or
tel: +86-1370- 133-1287 (china worldwide direct). About China
Power, Inc. China Power Inc., a controlled subsidiary of China
Holdings, Inc., is a global energy & clean energy holding
company headquartered in the U.S. It focuses on Merger &
Acquisition, Joint-Venture Partnership, Investment, Research &
Development, Construction and Operation of energy, clean energy,
and environment protection projects in China and worldwide. The
Company is developing its clean energy power plants in biomass
clean energy, wind energy power plants and hydropower plants to
reach a total potential power capacity of approximately 850 MW to
3200 MW in 2013. The Company's advanced clean energy strategy &
plan in biomass clean energy, wind energy power plants &
hydropower plants will have technical, social, and environmental
benefits and provide investment and business activities in the
cost-competitive biomass clean energy, wind energy and hydropower
capacity energy supply in China and worldwide, and also increase
its worldwide Stockholders' values in the long term.
Forward-looking Statements To the extent that statements in the
press release are not strictly historical, including statements as
to revenue projections, projections of results of specific
activities or investments, business strategy, outlook, objectives,
future milestones, plans, intentions, goals, future financial
conditions, future collaboration agreements, economic performance
and trends, the success of the Company's development, events
conditioned on stockholder or other approval, or otherwise as to
future events, such statements are forward-looking, all
forward-looking statements, whether written or oral, and whether
made by or on behalf of the Company, are expressly qualified by the
cautionary statements and any other cautionary statements, which
may accompany the forward-looking statements, and are made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-looking
information is inherently subject to risks and uncertainties, and
actual results could differ materially from those currently
anticipated due to a number of factors, which include, but are not
limited to, risk factors inherent in doing business.
Forward-looking statements may be identified by terms such as
"may," "will," "should," "could," "expects," "plans," "intends,"
"anticipates," "believes," "estimates," "predicts," "forecasts,"
"potential," or "continue," or similar terms or the negative of
these terms. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements.
The Company has no obligation to update these forward-looking
statements. Other important factors that could cause actual results
to differ materially include the following: business conditions and
the amount of growth in the Company's industry and general economy;
government policies, competitive factors; ability to attract and
retain personnel; the price of the Company's stock; and the risk
factors set forth from time to time in the Company's SEC reports,
including but not limited to its annual report on Form 10-KSB; its
quarterly reports on Forms 10-QSB; and any reports on Form 8-K. In
addition, the Company disclaims any obligation to update or correct
any forward-looking statements in all of the Company's press
releases to reflect events or circumstances after the date hereof.
For worldwide investor and media inquiries, please contact: China
Holdings, Inc. (Las Vegas and Beijing) Julianna Lu, Chief Executive
Officer Tel: +86-1370-133-1287; +86-10-6586-4770 Fax:
+86-10-6586-4790 Email: , Web:
http://www.chinaholding.net/http://www.chinapower.us/ Wall Street
Report (New York) Mr. Jack Marks, Chief Executive Officer Tel:
+1-212-363-2600 Web: http://www.wallstreetreporter.com/ China
Holdings, Inc. (Las Vegas and Beijing) James H. Simpson, Senior
Vice President Corporate Development/Investor Relations Tel:
+86-1370-133-1287; +86-10-6586-4770 Fax: +86-10-6586-4790 Email:
DATASOURCE: China Holdings, Inc. CONTACT: China Holdings, Inc. (Las
Vegas and Beijing) - Julianna Lu, Chief Executive Officer,
+86-1370-133-1287; +86-10-6586-4770, fax, +86-10- 6586-4790, or , ;
Wall Street Report (New York), Mr. Jack Marks, Chief Executive
Officer, +1-212-363-2600; China Holdings, Inc. (Las Vegas and
Beijing) - James H. Simpson, Senior Vice President, Corporate
Development/Investor Relations, +86-1370-133-1287; +86-
10-6586-4770, fax, +86-10-6586-4790, or Web site:
http://www.chinaholding.net/ http://www.chinapower.us/
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