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Chapter 360 Huineng Group

That night, Song Hongjun came forward to invite some investors in Yanjing to let Chen Huai contact them

Chen Huai drank a lot of wine at night and called Ji Chengxi

Ji Chengxi was going to accompany the officials of the Ministry of Railways, and he drank very hard, so he made an appointment to see him again. Chen Huai took a plane to Jiangning the next day.

Chen Huai rushed to Jiangning, met with Qian Wenhui, Guo Quan, Shao Zheng and others, met with other management teams of Dongdian Group, and promoted the stock exchange plan.

There is not much difficulty for Dongdian Group. Power Minister He Xianghuai is one of the core figures of the Song Dynasty, and his younger sister-in-law Song Wenhui is the executive vice president of Dongdian Group, so there is no need to worry about any additional resistance within the Ministry of Electric Power and Dongdian Group.

Meixi Town will give up its controlling stake in Meigang this time; Dongdian Group's holdings in Meigang are absolutely not very valuable, but the actual status it has obtained is equal to local governments, and even has the advantage of state-owned shares in ministries and commissions. This is a condition that is obviously beneficial to Dongdian Group.

In the previous negotiations, Guo Quan and Qian Wenhui, who served as the general manager of Meixi Industrial Finance Investment Group, have always been responsible for it. However, when the final plan is finalized, Chen Huai always has to show his face and reconcile with other leaders of Dongdian.

DongDian Power has generally formed a plan to register and establish Huaineng Group to hold shares in Meixi Power Plant and Meigang, and then mainly invest in power and energy and related industries along the Huaihai Bay area.

In addition to injecting Meixi Power Plant into Huaineng Group and exchanging shares with Meigang, Dongdian will also divest port construction and real estate construction businesses, which are not closely related to the main business of coal-fired power construction business, and inject an additional 100 million yuan in development funds.

Since its establishment, Huaineng will be one of the most important secondary enterprises under Dongdian. The position of chairman and general manager will also be served by senior executives of Dongdian. Hu Shuwei, who serves as executive general manager, is a rising star of the Song Dynasty.

Hu Shuwei said he was a rising star, but in fact he was almost forty years old. He served as secretary for Song Wenhui. Song Wenhui promoted him and had rich experience in corporate management. He was originally the candidate who recommended Song Wenhui to be the general manager of Meixi Power Plant.

After the establishment of Huaineng Group, the business and assets of the divestiture were nearly 400 million yuan. Hu Shuwei has a little less qualifications within Dongdian Electric and cannot directly serve as the general manager.

After the establishment of Huaineng Group, in addition to exchanging shares of Meixi Power Plant with Meigang, it will also inject 30 million yuan into Meixi Port Company and hold 30% of the shares. After Meixi Port Company received 30 million yuan in capital, it will continue to raise capital and build a heavy ton bulk berth and three 2,000-ton Zhujiang berths to ensure that after the Meigang Plant and joint venture factory are completed, the annual throughput capacity of Meixi Port Terminal can reach 5 million tons.

Returning from Jiangning, Chen Huai was still in the middle of the way. Liu Weili, who replaced Xiong Wenbin as deputy secretary-general of the municipal party committee and director of the municipal party committee office, called him.

Liu Weilitong knew about Chen Huai, and Tan Qiping asked him and Hu Shuwei to go to the municipal party committee to report on the relevant situation of the construction of Huaineng Group. Gao Tianhe will also be present to listen to the report at that time.

I don't mention any grudges in private, but the normal working relationship must be maintained

Huaineng Group will be registered and established in Donghua

As a subsidiary of Dongdian, although Huaineng is wholly owned by Dongdian, the decision-making power for personnel and important matters is in Dongdian, unlike other branches of Dongdian, Huaineng Group, as a subsidiary, has the legal status of Duli in the company

The most direct meaning of this point to Donghua is that the taxes generated by Huaineng Group will be paid directly in Donghua instead of being transferred to the parent company

As a state-owned enterprise with nearly 400 million assets since its inception, all taxes are paid in Donghua. This is of course of extraordinary significance to the increase in Donghua's fiscal and tax scale.

Of course, this is also a condition that Chen Huai won. In addition to giving up part of the equity of Meigang and Meixi Port and allowing Dongdian to share profits from Meigang's previous system, Meixi Town will also freely allocate 60 acres of excellent land on the west side of Zhuxi Bridge for Huaieng Group to build the headquarters building for Huaieng Group.

Huaineng is a wholly state-owned enterprise. There are no defects in the procedures for free transfer of land.

However, the establishment of Huaineng Group in Donghua is of great significance that it will invest in electricity and related industries in the Huainai Bay area.

Donghua is located in the core area of ​​Huaihai Bay. Its lag in power and energy development has always been the main bottleneck restricting the development of industry and agriculture. Donghua City, not to mention that industrial electricity is difficult to guarantee, civil electricity is also interrupted every now and then.

In the suburbs of Donghua City, electricity consumption time at night is almost the norm, so the most important task of local power departments is to crack down on the illegal use of high-power electrical appliances by urban and rural residents.

Donghua Local, in addition to raising funds for power infrastructure construction in recent years, has always been eager to increase its investment and construction in Donghua Power.

Although Tan Qiping cannot take the achievements of Huaineng Group as his own, he also understands that Huaineng Group was established in Donghua and will further strengthen the duli status of the Meigang System from local control, but he also knows that after the establishment of Huaineng Group, it will be important for Donghua City to promote the construction of power infrastructure after the establishment of Huaineng Group.

If Tan Qiping, Gao Tianhe and other major municipal officials are not familiar with the situation of Huaineng Group and do not care about it, they will be dereliction of duty and cannot explain it to the province.

Therefore, knowing that Chen Huai was back from Jiangning, Tan Qiping immediately asked him and Hu Shuwei to come to the municipal party committee to report to him and Gao Tianhe about the establishment of Huaineng Group.

"After the establishment of Huaineng Group, as a fully state-owned investment and financing platform, its financing capabilities in the financial market are incomparable to local state-owned enterprises..."

For more than a month, Chen Huai has been running around outside. When he returned to Donghua, he was physically and mentally exhausted. Hu Shuwei has been presiding over the construction of Meixi Power Plant and is not familiar with the local area. Chen Huai went to the municipal party committee to face the inquiries of Tan Qiping and Gao Tianhe. He told Huai Neng Group straight to the point and honestly.

"However, when Huaineng Group raises financing in external financial markets, the most direct constraint is the ability to pay financing costs," said Chen Huai. "Huineng Group has no profits and does not have the ability to pay financing costs. Naturally, there is no ability to have financing and no financing, and naturally there is no way to further increase investment and construction of power infrastructure. On the other hand, if we want Huaineng Group to increase investment and construction of power infrastructure in Donghua, we hope that Huaineng Group can obtain a large amount of financing for Donghua power infrastructure construction from the external financial market, first of all, help Huaineng Group to make profits and pay financing costs."

"I can understand your ideas, but what about the specific plan?" Tan Qiping asked.

"Can the city give up some of the benefits of Tianshenggang Power Plant and allow Tianshenggang Power Plant to accept Huaineng's capital injection at a lower price, and the local power grid will appropriately increase the on-grid electricity price to ensure that Huaineng's benefits from Tianshenggang Power Plant can support Huaineng's large-scale financing capabilities in exchange for the financing. Huaineng's financing should also be promised to be mainly used for the construction of Donghua's power infrastructure," said Chen Huaineng.

At present, local governments only have provincial-level and some specially approved municipal government investment companies, which have direct financing in overseas markets and the authority to borrow foreign exchange. This financing is usually large-scale in hundreds of millions of dollars. Although there are some serious problems, it also greatly supports local construction and development

Ordinary cities and ordinary private enterprises do not have this authority at all.

Chen Huai suggested that Chen Bing form a Beijing Investment Company in Yanjing, which is almost the same.

With the endorsement of the local government, Jingtou Company invested the financing funds of Yanjing into Donghua's infrastructure construction. As long as Donghua local governments can pay interest and other financing costs to Jingtou on time, the scale of Jingtou Company's financing investment can theoretically expand infinitely like a snowball. In this way, the development of Donghua local governments can directly utilize external financial resources.

Currently, Donghua’s total loans for a year are only 600 million to 700 million. If you don’t want to have any “critical ways”, try to gain financial and credit resources from the outside as much as possible. According to local financial resources, it is not enough to build a high-level highway a year. What’s the point of talking about rapid rise?

Of course, Chen Bing set up a Beijing Investment Company in Beijing has serious limitations. First of all, it is not a simple matter to gain the trust of Yanjing financial institutions. Secondly, the overall financial resources in China are very limited, and everyone is competing. Donghua has no obvious advantages. At present, it can only be said that it is slowly doing some work.

Relatively speaking, overseas financial capital markets are much more mature and larger

After the establishment of Huaineng Group, it can directly apply through the Ministry of Electric Power to obtain the authority to raise funds in overseas markets. This is much more convenient than the local government of Donghua City who does it and apply to the state ministries and commissions through departments.

However, if Huaineng borrows foreign exchange from overseas markets, it must first have the ability to pay interest and other financing costs to overseas markets. This money cannot be paid by the Ministry of Electric Power to make the payment.

Tianshenggang Power Plant is currently the most important thermal power plant in Donghua City. It has a capacity of 400,000 kilowatts and pays more than 100 million yuan in profits and taxes every year.

Even if Donghua wants to obtain a large investment from Huaineng in power infrastructure, he must first cut the cake of Tianshenggang Power Plant, and even consider giving up local control over Tianshenggang Power Plant.

Tan Qiping did not mean to ask Gao Tianhe for his opinion, so he directly rejected Chen Huai's proposal and said: "This plan involves too broad aspects and it seems that there is no feasibility at the moment."

In Donghua City, the importance of Tianshenggang Power Plant is not inferior to that of the city’s steel plant. The more you give, the less you give, the more you give, and directly put the control of Tianshenggang Power Plant under Huaineng Group, which is a condition he cannot accept.

If you really want to agree to such conditions, Huaineng Group will expand rapidly and become two powerful wings on Chen Huai's back with Mei Gang. Who can control him in Donghua from now on?

Of course, Tan Qiping said this, and Chen Huai couldn't say that he was not

Tianshenggang Power Plant and City Steel Plant are the few companies in Donghua City that can support the scene. Not to mention the companies under the Ministry of Electricity, even if the Ministry of Electricity comes to open this entrance, there is nothing wrong with blocking it directly.

"This model is very attractive," said Gao Tianhe. "Take the Tianshenggang Power Plant directly, and the steps are a bit big. Can you try it with the district and county power plants?"

Tan Qiping glanced at Gao Tianhe with a sharp look; however, Gao Tianhe looked at Chen Huai with great interest, as if he hoped that Chen Huai and Hu Shuwei could continue to talk in depth, and asked: "What if Xiapu County Naxiapu Power Plant cooperates with Huaieng?"

Tao Jixing, Secretary of the Xiapu County Party Committee, was promoted by Wu Haifeng, and Ge Yongqiu, the county magistrate, was from Gao Tianhe. He cooperated with Huaineng in Xiapu County Power Plant. Gao Tianhe doesn’t have to worry about Tan Qiping’s ability to set up any technical obstacles.

Facing Taozi that Gao Tianhe had left behind, Chen Huai remained silent, looked at Tan Qiping and asked, "Secretary Tan, what do you think?"

Tan Qiping didn't expect Gao Tianhe to suddenly get this kick in front of the game, and he felt depressed as he kicked it in the chest, but he couldn't refuse it directly.
Chapter completed!
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