Jinko Solar Co has entered into a project investment cooperation framework agreement with Qinghai Provincial Department of Industry and Information Technology, Xining Municipal Government and Xining Economic and Technological Development Zone Management Committeefor a joint monocrystalline silicon pull rod project. According to the Agreement, Jiangxi Jinko plans to build monocrystalline silicon pull rod production lines with a total annual production capacity of 30 GW in Xining city, Qinghai province, and the total estimated investment is approximately RMB10 billionThis project will be constructed in two phases. In the first phase, Jiangxi Jinko plans to build a production line with an annual production capacity of 20 GW, with an estimated investment of approximately RMB7 billion. The construction of the first phase will commence in April 2022. In the second phase, Jiangxi Jinko plans to construct a production line with an annual production capacity of 10 GW in 2023 to 2024 with an estimated investment of approximately RMB3 billion. The detailed plan and schedule for the project will be subject to market conditions. According to the Agreement, Jiangxi Jinko will build the production lines in the designated area and will enjoy certain preferential policies provided by the Counterparties.
Jinko Solar Co has entered into a project investment cooperation framework agreement with Qinghai Provincial Department of Industry and Information Technology, Xining Municipal Government and Xining Economic and Technological Development Zone Management Committeefor a joint monocrystalline silicon pull rod project. According to the Agreement, Jiangxi Jinko plans to build monocrystalline silicon pull rod production lines with a total annual production capacity of 30 GW in Xining city, Qinghai province, and the total estimated investment is approximately RMB10 billionThis project will be constructed in two phases. In the first phase, Jiangxi Jinko plans to build a production line with an annual production capacity of 20 GW, with an estimated investment of approximately RMB7 billion. The construction of the first phase will commence in April 2022. In the second phase, Jiangxi Jinko plans to construct a production line with an annual production capacity of 10 GW in 2023 to 2024 with an estimated investment of approximately RMB3 billion. The detailed plan and schedule for the project will be subject to market conditions. According to the Agreement, Jiangxi Jinko will build the production lines in the designated area and will enjoy certain preferential policies provided by the Counterparties.
