Funeng Shares (600483): The Holding Subsidiary Received The Notice On Carrying Out The 2020 LNG Power Plant Power Generation Right Transfer Transaction
Funeng (600483. SH) announced that on October 21, 2020, Fujian Jinjiang Natural Gas Power Generation Co., Ltd. ("Jinjiang Gas Power"), a holding subsidiary of the company, received the Notice on Carrying out the 2020 LNG Power Plant Power Generation Right Transfer Transaction issued by Fujian Provincial Department of Industry and Information Technology. The main contents of the Notice are as follows:
（1） In 2020, the on grid electricity quantity of Jinjiang gas power transfer power generation right will be 2.486 billion kWh.
（2） This transfer transaction adopts the transferor's listing transaction method. The transferor will declare its intention to list through the trading platform, including the trading electricity quantity and the transfer electricity price. The transferee will declare the trading electricity quantity through the trading platform within the specified trading time for delisting declaration, and the trading platform will clear the transaction. The transaction electricity price is the listed electricity price.
（3） The transfer transaction is organized by Fujian Electric Power Trading Center before the end of October, and the time period of the transaction is from November to December.
（4） State Grid Fujian Electric Power Co., Ltd. shall settle the transferred electricity with the transferred units according to the on grid electricity price (tax included) approved by the competent pricing department.
The implementation of power generation right on grid energy transfer transaction is conducive to improving the operation of the company's natural gas power generation business. In view of the fact that this transaction adopts the transferor's listing transaction mode, the actual transaction electricity quantity and transfer electricity price cannot be determined temporarily, and the specific impact of this transaction on the business performance of Jinjiang Gas and Power in 2020 cannot be accurately measured temporarily.
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