Shaoneng Corporation establishes a new thermal power company.

According to the Qichacha APP, recently, Guangdong Shaoneng Thermal Power Co., Ltd. was established with a registered capital of 300 million yuan. Its business scope includes research and development of energy efficient and energy-saving technologies in the power industry; thermal production and supply; biomass energy technology services; biomass fuel processing, etc. Shareholding penetration data from Qichacha shows that the company is fully owned by Shaoneng Corporation.