SHANGHAI, Sept. 27, 2012 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, today announced it has signed an cooperative agreement with China Jiangxi Corporation for International Economic & Technical Co, Ltd. ("CJIC") to provide technical support for CJIC's 50MW solar power project development in Kenya. Under the agreement, JinkoSolar is also appointed by CJIC as the preferred module supplier for this project.
The project is planned to occupy 81 hectare and is expected to be one of the largest grid connected solar power plants in Africa. Located in northwest city of Garissa, Kenya, the plant is expected to produce approximately 76,473 megawatts hours per year, reducing yearly carbone missions by 64,190 tons and saving coal consumption by 24,470 tons annually.
With an arid climate and a vast desert landmass, Garissa is geographically optimal for harnessing solar power. The pre-assembled modular approach is planned by JinkoSolar to facilitate installation and future operation and maintenance. Additionally, pouring pile and spiral pile design will be utilized to protect local vegetation. The introduction of solar energy is expected to generate significant value for Kenya's energy landscape, by ensuring sustainable opportunities for diversified economic growth.
"We are extremely impressed with quality of JinkoSolar's products and expertise in design and engineering." said Mr. Guojian Xu, General Manager of CJIC. "Through cooperation, we hope to build a long-term relationship to harness both our unique advantages and open a new chapter for the construction of PV power plants in Africa.""We are pleased to be a part of Kenya's push towards clean-tech development and commitment to renewable energy," said Mr. Kangping Chen, Chief Executive Officer of JinkoSolar. "As a market leader in the solar energy business, JinkoSolar will play a key role in supply Kenya's growing demand for solar energy. By cooperating with CJIC, we expect this project will provide JinkoSolar with future opportunities in Kenya's solar power plant industry." About China Jiangxi Corporation for International Economic and Technical Cooperation China Jiangxi Corporation for International Economic and Technical Cooperation(CJIC), approved by the State Council of the People's Republic of China and registered in 1983, is a large compound foreign economic enterprise, focusing on international project contracting and labor services cooperation and diversified undertaking the business of domestic real estate, architectural design, overseas investment and trading simultaneously. The corporation had gained contracting qualification in building project and contracting qualification in water conservancy and hydroelectric project, contracting qualification in municipal public works, Meanwhile, the corporation also obtained the top grade contracting qualifications in building project, water conservancy and hydroelectric project and road and bridge project in Botswana, Zimbabwe, Kenya, Ghana and Zambia. Since 2000, the corporation has achieved new breakthroughs in both development scale and business field, maintaining a good trend of accelerative development. About JinkoSolar
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV