Everbright Water to buy electricity from Everbright Greentech Services
Everbright Greentech must supply electricity 181 million kilo-watts per year.
China Everbright Water Limited has entered into an agreement to buy electricity from Everbright Greentech Service for 2025.
Everbright Greentech will supply electricity to the group, through the Power Grid Company, in the Jiangsu and Shandong Provinces of China between 1 January to 31 December 2025.
Principal terms state that Everbright Greentech must supply 181 million kilo-watts (kWh) per year—of which 74 million kWh will be for Jiangsu Province and 107 million kWh per will be supplied to Shandong Province.
For Jiangsu Province, the price is $0.078 (RMB0.435) per kWh whilst $0.068 (RMB0.374) per kWh for the Shandong Province.
The fees shall be settled every month and Everbright Water shall then pay Everbright Greentech no less than the difference between the price at which the latter purchases the electricity.
(1 RMB = 0.18 SGD)
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