|Grasps Opportunities Arising from Strong Demand for Clean New Energy through a Win-win Co-operation|
HONG KONG, Apr 13, 2018 - (ACN Newswire) - Northern New Energy Holdings Limited ("Northern New Energy" / the "Group", stock code: 8246) has signed a cooperation framework agreement , via its subsidiary Hua Xia Northern Technology Development (Tianjin) Limited, with Tractebel Engineering S.A.("Tractebel" ) and Tianjin Jinre Heat-Supply Group Co. Ltd ( "Jinre Group" ) on cooperation in such areas as coal-to-gas conversion heating projects, improving the service of heating facilities and networks, energy efficiency management and construction of gas storage facilities. The Group, Tractebel and Jinre Group have agreed to jointly submit a feasible proposal regarding the scope of cooperation to relevant government agencies on or before 30 September this year. The cooperation is expected to enable the Group to upgrade its professional technologies for grasping opportunities arising from the strong demand for clean new energy in Tianjin, as well as develop into an enterprise capable of offering diverse integrated new energy services.
Both parties that the Group signed agreement with are resourceful. With more than 150 years of experience, Tractebel is one of the world's largest engineering and consultancy companies. It provides first-class engineering and consultancy services in energy, water and infrastructure. Tractebel has its expertise extended across Europe, Africa, Asia, Middle East and Latin America. Meanwhile, as the key heat-supply enterprise in Tianjin, Jinre Group is a specialized and well-established heat-supply group, which integrated its operation as the provision of heat-supply engineering construction, centralized heat-supply management, new technology research and development as well as material supply.
At the end of last year, the PRC government announced the "2017-2021 Winter Clean Heating Plan in Northern China", which promises enormous business opportunities to the new energy sector and benefits to the all-round development of the Group. In the long run, the Group will strive to develop its diverse integrated new energy services, expand its new energy business to cover nearby areas in the north and continue to explore opportunities of multi-lateral cooperation, so as to generate greater shareholder value.
Northern New Energy Holdings Limited
Northern New Energy Holdings Limited formerly known as Noble House (China) Holdings Limited, is a company listed on the GEM Board of the Hong Kong Stock Exchange since 2011 (stock code: 8246). In 2015, the Group began to develop new energy operations and R&D of related technologies, plus construction engineering business. The Group also operates restaurants, provides management services, and sells processed food and seafood. Also in 2015, the Group further diversified its business to cover also property investment.
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Apr 13, 2018 23:15 HKT/SGT
Topic: Press release summary
Sectors: Daily Finance, Energy, Daily News
From the Asia Corporate News Network
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