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China Holdings, Inc. Announces Its 3rd Biomass Renewable Energy Project (Power Capacity: 50 MW); Total Potential: 150 MW in Biomass Energy Pipeline
Date:11/20/2007

LAS VEGAS, Nov. 20 /Xinhua-PRNewswire-FirstCall/ -- China Holdings, Inc., a global diversified asset holdings company, and its subsidiaries engage in multiple China-focused business activities including energy, renewable energy, resources, utilities, finance, real estate, and pharmaceuticals, announced today the Company has executed its 3rd development contract to develop and construct its 3rd Biomass Energy Power Generation Plant with a power capacity of 50 MW through its controlled subsidiary "China Power, Inc." in cooperation with the local government in AnHui Province of the People's Republic of China. The breakthrough brings the Company's Biomass Energy Power pipeline potential power capacity to 150 MW.

All resources needed to develop and construct the 3rd 50 MW Biomass Energy Power Generation Plant such as power supplies, water supplies, straw supplies and 215 MU (1 MU = 667 sq. meters) of land have been secured with the local government. The Company has secured, and/or will have secured the Advanced Technology (CAPS-II pyrolysis system, the leading technologies of biomass energy systems in the world), Efficient Combustion Resulting in Clean Emission (CAPS-II pyrolysis system is environmentally friendly and economically profitable, in disposing of agricultural waste), and Modular Design Maximizing Flexibility, etc.

The Third Biomass Energy Power Generation Plant/Project (Power Capacity: 50MW) has very similar advantages and benefits from government policies as the Company's 1st & 2nd Biomass Energy Power Generation Plants/Projects (2 x 50 MW = 100 MW). The 3rd Biomass Energy Power Generation Plant (50MW) has the total expected annual power generating capacity of 400 million kilowatt-hour (kWh) and expected annual revenue of approximately 250 million Yuan, and expected annual net income (45% of Revenue) of approximately 112.5 million Yuan based on 8,000 annual operation hours. The sales price of electricity is RMB 0.60 Yuan/kWh (approximately
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SOURCE China Holdings, Inc.
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