On May 3rd, 2015, SunCan’s parent group Beijing Shouhang Resources Saving Co., Ltd. (Shouhang for short) announced that it has signed the Project Cooperation Framework Agreement of 2*50MW CSP(Concentrated Solar Power) phase II of Dunhuang Shouhang Resources Saving Co., Ltd. with the Dunhuang Energy Bureau. The total amount of investment estimated to be RMB 3 billion, and the necessary procedures for project construction is planned to be acquired by the end of 2015. Construction is expected to begin in 2016 and will be put into operation by the end of 2017.
Shouhang announced that the project is the second phase of CSP project after the operation of the first 10 MW Power Tower with 15 Hours Storage in Asia. The operation of the project will have a positive impact on CSP business development and further establish the leading edge in CSP area of the company, which helps to acquire subsequent CSP project orders. SunCan Co., Ltd. is the EPC contractor and solar field supplier of the first stage 10 MWe molten salt tower plant. The second stage 100 MWe plant investment will enhance SunCan’s EPC experience and solar field technology in the international market.