CHINA'S SEVERE air pollution has hit the headlines again in recent months.

The problem is mainly caused by the usage of a huge number of small coal-fired-boilers and non-compliant coal-fired-boilers, according to SGX
-listed Sunpower Group.

Sunpower is a China-based heat transfer technology specialist engaged in the design, R&D and manufacture of energy-efficient and environmental protection equipment for diverse industries.


5yrhigh12.15Corporate developments, including the latest project award, has nudged Sunpower stock to a 4-year high. Chart: Yahoo
Now, Sunpower is stepping in to relieve the situation -- and has seen its share price soar about 50% in the past two months to 30 cents recently.


It has secured a Build-Operate-Own (“BOO”) /BuildOperate-Transfer (“BOT”) contract to build a centralised steam and electricity facility with ultra-low carbon and pollution emission.

Sunpower is to also operate the facility, which is located in the Gaoyang Circular Economy Industrial Park in Hebei Province.


The industrial park in Gaoyang County is one of 18 county-level National Circular Economy Demonstration Pilot Zones.

The facility to be built by Sunpower and a completed wastewater treatment project are the core projects in realizing the "circular economy" concept in the industrial park.

Sludge from wastewater treatment will be mixed with coal as feedstock for boilers to generate steam from treated wastewater to supply heat and generate electricity.

The project will be completed in phases: Phase I will comprise two boilers with a steam generation capacity of 220 tons each per hour, two generators with a power generation capacity of 25 megawatts each per hour, and steam distribution pipelines.

• Sunpower’s previous key projects include customised Zero Liquid Discharge system, flare gas recovery system and sulphur recovery system.

Customers of Sunpower include well-known international customers such as BASF, Shell, Dow Chemical, BP, SABIC, Alcoa, and Mobil, and Chinese conglomerates such as Sinopec, CNOOC, CNPC and ChemChina.

The project will supply steam to approximately 70 manufacturing plants in Gaoyang County as well as supply electricity to some manufacturing plants and the national grid.

The total investment for Phase I is approximately RMB817 million and will be funded by proceeds from bank loans, internal resources and a share placement. (This month, it obtained shareholder approval to issue 400m new shares at 14 cents apiece).

Currently, almost every manufacturing plant in Gaoyang is dependent on steam and electricity generated from self-owned, small coal-fired boilers --- one of the major culprits causing serious haze issues in the area.

In view of this, the government has rolled out policies, which include the closing down of small and pollutive coal-fired-boilers in Hebei by end-2017.

Guo Feb11Guo Hongxin, Chairman of Sunpower Group.
NextInsight file photo.
The Group has been committed for the past 18 years in providing energy saving, environmental protection solutions and products to our clients. Over the years, we have secured reputable domestic and international clients as well as developed many proprietary technologies. 


"The Chinese government is making great efforts to solve the haze and other environmental problems and this offers great business opportunities for the Group to extend the application of its existing technologies to provide centralized heating and clean energy.

"We will seize these opportunities by securing more Build-Operate-Own, Build-Operate-Transfer and Transfer-Operate-Transfer projects. These business models will not only increase the Group’s EPC revenue, but also expand our recurring income stream and thus optimize our business model to maximize shareholders’ value.”


Share Prices

Counter NameLastChange
AEM Holdings3.3800.040
Avarga0.235-0.005
Avi-Tech Electronics0.4400.005
Best World Int.1.360-
CEI0.915-
China Sunsine0.395-0.005
CNMC GoldMine0.275-0.010
CSE Global0.435-0.010
Food Empire0.580-0.005
Golden Energy0.151-
GSS Energy0.0480.001
ISDN Holdings0.370-0.010
ISOTeam0.147-
IX Biopharma0.240-0.005
JB Foods0.575-0.025
KSH Holdings0.310-0.005
Medtecs Intl1.140-0.040
Moya Asia0.063-0.001
Nordic Group0.2200.010
Oxley Holdings0.210-
Procurri0.285-0.005
REX International0.134-0.006
Riverstone3.800-0.130
Roxy-Pacific0.345-
SingMedical0.250-
Sri Trang Agro1.500-
Straco Corp.0.495-
Sunningdale Tech1.550-0.070
Sunpower Group0.6000.015
The Trendlines0.082-0.002
UG Healthcare0.910-0.010
Uni-Asia Group0.400-
Yangzijiang Shipbldg0.920-

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 375 guests and no members online