On December 21, 2015, CWPC successfully signed a joint venture agreement with Heilongjiang Longye New Energy Company. CWPC invests 25.51 million RMB for this company and holds 25% shares of it .Signing this agreement marks that industry of CWPC steps into a new stage .President Yang Jun and Vice-president Yang Xiangdong from CWPC,the Chairman from Longye attended this signing ceremony .
This company is located in Heilongjiang Province which has abundant biomass resources and its main businesses cover investment and construction ,operation and management of cogeneration projects of biomass .It has quality project resources and great potential in the field of biomass generation .Products of it comply with national industry development policies . Capital increase for this company is helpful to push ahead the projects, bring benefits and promote competitive strength in the field of biomass generation, realizing resource sharing and mutual development.