At Sunpower's AGM, Executive Chairman Guo Hongxin (extreme right) explained how its proprietary centralized heating system powered by coal is cleaner than using natural gas. Photo: Ngo Yit Sung
Time & date: 9.30am, 27 April 2016
Venue: Marina Mandarin Hotel
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- Executive Chairman Guo Hongxin |
China’s fight against smog pollution has birthed a replacement market for obsolete coal-fired boilers that has a potential value of some S$108 billion, according to internal estimates made by Sunpower Group.
In December 2015 and January this year, the Group announced a series of BOO/BOT projects to build centralised steam and electricity facilities in the PRC provinces of Hebei, Jiangsu and Anhui. The total investment cost: Rmb 966 million.
“We have realigned our strategy by focusing our R&D effort on centralized heating systems that address this market,” said Executive Chairman Guo Hongxin at the Group's AGM.
“Our demonstration projects in Hebei Changrun, Jiangsu Lianshui and Anhui Quanjiao will help us to secure more projects for long-term growth," he said.
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♦ Coal energy that is cleaner than natural gas |
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The Group uses coal powder, which is pulverized at its centralized heating facility from crushed coal. Pulverised coal has a combustion efficiency of 98%, comparable with the full combustion of natural gas. In contrast, the combustion efficiency of crushed coal is only 60% to 70%. |
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♦ Insulation technology translates into greater reach |
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The Sunpower Group has 20 years of track record in heat transfer technology. By employing various technologies that include high-efficiency heat transfer and preheating of ultra-low temperature water, it harnesses heat that would have been dissipated by traditional coal-fired boilers. |
