Core Viewpoint - Kaishan Holdings announced plans for a green fertilizer and geothermal power station project in Kenya, with an estimated total investment of 5.996 billion yuan [1] Group 1 - The project aims to produce 480,000 tons of green fertilizer annually [1] - The construction period is set for 24 months, starting from the effective date of the steam supply agreement and the issuance of the full construction order [1]

Core Viewpoint - Kaishan Holdings plans to invest approximately 5.996 billion yuan in a project in Kenya to produce 480,000 tons of green fertilizer annually, along with a geothermal power station [1] Group 1 - The project will be developed by Kaishan's wholly-owned subsidiary, Kaishan Terra [1] - The total investment for the project is estimated at 5.996 billion yuan [1] - The construction period is set for 24 months from the effective date of the steam supply agreement and the issuance of the full commencement order [1]

Core Viewpoint - Kaishan Holdings announced that its wholly-owned subsidiary, Kaishan Terra Green Ammonia Limited, plans to invest in a project to produce 480,000 tons of green fertilizer and a geothermal power station in Kenya, with a total investment of approximately 5.996 billion yuan [1] Investment Details - The total investment for the project is estimated at 5.996 billion yuan, with construction costs accounting for 5.865 billion yuan and interest during the construction period amounting to 131 million yuan [1] - The construction period is set for 24 months from the effective date of the steam supply agreement and the issuance of the full commencement order [1] Revenue Projections - The project is expected to generate annual operating revenue between 220 million to 250 million US dollars [1] Approval Process - The project has been approved by the company's sixth board of directors' strategic committee during its first meeting of 2025 and the twelfth meeting of the sixth board of directors, pending further approval from the shareholders' meeting [1]

Core Points - The Lumut Balai Phase II geothermal power station project in Indonesia, constructed by Shandong Electric Power Construction Third Engineering Company, has successfully entered the commercial operation phase as of July 2 [1][5]. Project Overview - The project is located in Muara Enim County, South Sumatra Province, Indonesia, with an installed capacity of 55 MW. It includes systems such as transmission and transformation lines, booster stations, steam collection, and brine reinjection pipelines [4]. - The project is the first EPC project for a flash steam geothermal power station executed by a Chinese company globally [4]. - The Indonesian government aims to add 5.2 GW of geothermal power capacity by 2034, with renewable energy accounting for 76% of the new power generation capacity [4]. Project Timeline and Achievements - The project was signed during the G20 Business Summit on November 11, 2022, and construction officially began on December 29, 2022 [4]. - Key milestones include the completion of the FCRS steam pipeline blowout on May 25, 2025, the first grid connection on June 14, 2025, and successful reliability testing on June 29, 2025 [4]. - The project received formal approval from the Indonesian Ministry of Energy and Mineral Resources and the state electricity company on July 2, 2025, confirming its commercial operation [4]. Significance - The successful operation of the project marks a significant achievement for Shandong Electric Power Construction Third Engineering Company in the clean energy sector [5]. - It contributes to Indonesia's sustainable development strategy, showcasing "Chinese wisdom" and "Chinese strength" in the renewable energy field [5].

Group 1: Energy Development - Kenya's electricity demand has surged due to rapid economic growth, prompting the government to focus on clean energy development to address supply shortages [2] - The Sosian Geothermal Power Station, completed by China Kaishan Group in June 2023, is the first geothermal power station in Africa fully designed, constructed, and commissioned by a Chinese company [2] - The upgrade of the Olkaria I Geothermal Power Station, initiated by China Power Construction Corporation, aims to revitalize the facility's operations and enhance local employment through training [2][3] Group 2: Agricultural Advancements - The irrigation and flood control project on the Enzoya River, constructed by China Power Construction Municipal Group, is set to benefit over 12,000 farmers and enhance agricultural development in Kenya [4] - The introduction of grafting technology for tomatoes by Nanjing Agricultural University and Egerton University has significantly improved yields and reduced disease incidence, leading to increased income for local farmers [5] Group 3: Talent Development - The Mombasa-Nairobi Railway has created over 74,000 jobs and trained more than 2,800 high-quality railway professionals, contributing to Kenya's economic revitalization [6] - The Confucius Institute at the University of Nairobi is offering tailored "Chinese + Industry" training programs to meet the growing demand for bilingual professionals in various sectors [7] - Strengthening talent cultivation in trade, research, and other fields is essential for Kenya's sustainable development and modernization [7]