3B2 EDGAR HTML -- c64864

EX-15.1 94 c64864_ex15-1.htm 3B2 EDGAR HTML -- c64864_ex15-1.htm

Calculation of Effective Tariff and Effective Utilization Rate


		Total Revenues (RMB)		Total Electricity Sold (kWh)		Installed Capacity (MW)		Number of days		Tax Rate*		Effective Tariff** (RMB)		Effective Utilization Rate*** (%)
Our Company	the year ended Dec 31, 2008		110,076,549		333,964,005		271.0		N/A		N/A		0.33		29.2
	the year ended Dec 31, 2009		247,120,130		798,945,372		376.6		N/A		N/A		0.34		30.8
	the year ended Dec 31, 2010		448,218,584		1,480,742,042		548.8		N/A		N/A		0.33		39.4
Binglangjiang I	the year ended Dec 31, 2006		16,472,000		106,646,530		21.0		365		1.06		0.16		58.0
	the period ended Apr 24, 2007		4,433,000		23,495,595		21.0		114		1.06		0.20		40.9
	the period from Apr 25 to Dec 31, 2007		12,988,764		88,545,602		21.0		251		1.06		0.16		70.0
	the year ended Dec 31, 2007		17,421,764		112,041,197		21.0		365		1.06		0.17		60.9
	the year ended Dec 31, 2008		19,410,025		117,278,061		21.0		366		1.06		0.18		63.6
	the year ended Dec 31, 2009		16,556,208		95,514,582		21.0		365		1.06		0.18		51.9
	the year ended Dec 31, 2010		16,818,484		94,591,565		21.0		365		1.06		0.19		51.4
Binglangjiang II	the year ended Dec 31, 2009		3,706,529		29,141,455		20.0		118		1.06		0.13		51.5
	the year ended Dec 31, 2010		11,386,666		64,041,599		20.0		365		1.06		0.19		36.6
Liyuan	the period from May 21 to Dec 31, 2007		5,405,584		19,758,343		12.0		225		1.06		0.29		30.5
	the year ended Dec 31, 2007		5,405,584		19,758,343		12.0		365		1.06		0.29		18.8
	the year ended Dec 31, 2008		6,866,482		25,098,176		12.0		366		1.06		0.29		23.8
	the year ended Dec 31, 2009		6,411,614		23,435,555		12.0		365		1.06		0.29		22.3
	the year ended Dec 31, 2010		4,436,922		16,217,714		12.0		365		1.06		0.29		15.4
Yingchuan	the year ended Dec 31, 2006		38,925,000		97,116,588		40.0		365		1.06		0.43		27.7
	the year ended Dec 31, 2007		42,998,000		102,700,957		40.0		365		1.06		0.44		29.3
	the period from Jan 31 to Dec 31, 2008		37,594,669		90,254,137		40.0		336		1.06		0.44		28.0
	the year ended Dec 31, 2008		37,659,160		90,768,127		40.0		366		1.06		0.44		25.8
	the year ended Dec 31, 2009		44,925,331		107,225,642		40.0		365		1.06		0.44		30.6
	the year ended Dec 31, 2010		56,172,286		138,329,823		40.0		365		1.06		0.43		39.5
Wuliting	the year ended Dec 31, 2007		27,532,000		65,423,294		42.0		365		1.06		0.45		17.8
	the period from Jan 31 to Dec 31, 2008		29,946,906		69,232,680		42.0		336		1.06		0.46		20.4
	the year ended Dec 31, 2008		30,371,102		70,224,000		42.0		366		1.06		0.46		19.0
	the year ended Dec 31, 2009		40,143,784		92,554,440		42.0		365		1.06		0.46		25.2
	the year ended Dec 31, 2010		61,927,235		148,943,520		42.0		365		1.06		0.44		40.5

Total
Revenues
(RMB)

Total
Electricity
Sold (kWh)

Installed
Capacity
(MW)

Number
of
days

Tax
Rate*

Effective
Tariff**
(RMB)

Effective
Utilization
Rate*** (%)

Jiulongshan

the year ended Dec 31, 2009

27,124,666

73,964,924

37.6

⁽¹⁾

280

1.17

0.43

20.0

the year ended Dec 31, 2010

27,706,976

69,618,958

37.6

⁽¹⁾

365

1.06

0.47

21.1

Zhougongyuan

the year ended Dec 31, 2009

1,197,109

2,934,316

16.0

⁽¹⁾

61

1.17

0.48

12.5

the year ended Dec 31, 2010

16,976,305

41,837,946

16.0

⁽¹⁾

365

1.06

0.47

29.9

Ruiyang

the year ended Dec 31, 2007

31,513,675

68,645,855

32.0

365

1.06

0.49

24.5

the year ended Dec 31, 2008

22,862,842

51,237,120

32.0

366

1.06

0.47

18.2

the period from Jan 1 to Aug 19, 2009

24,167,675

55,261,800

32.0

231

1.06

0.46

31.1

the period from Aug 20 to Dec 31, 2009

3,109,994

7,191,974

32.0

134

1.06

0.46

6.1

The year ended Dec 31, 2009

27,277,669

62,453,774

32.0

365

1.06

0.46

22.3

The year ended Dec 31, 2010

31,933,990

77,819,280

32.0

365

1.06

0.43

27.8

Shapulong

the period from Jan 1 to Dec 24, 2007

18,313,000

43,292,057

25.0

358

1.06

0.45

20.2

the year ended Dec 31, 2008

17,723,482

42,308,157

25.0

366

1.06

0.44

19.3

the period from Jan 1 to Aug 2, 2009

9,702,244

22,279,828

25.0

215

1.06

0.44

17.3

the period from Aug 3 to Dec 31, 2009

7,581,398

18,351,068

25.0

150

1.06

0.44

20.0

the year ended Dec 31, 2009

17,283,642

40,630,896

25.0

365

1.06

0.44

18.6

the year ended Dec 31, 2010

26,947,680

64,624,002

25.0

365

1.06

0.44

29.5

Banzhu

the year ended Dec 31, 2006

55,561,000

180,461,022

45.0

365

1.17

0.36

45.8

the year ended Dec 31, 2007

52,029,000

169,092,862

45.0

365

1.17

0.36

42.9

the year ended Dec 31, 2008

47,872,768

155,536,410

45.0

366

1.17

0.36

39.3

the year ended Dec 31, 2009

38,972,232

126,659,753

45.0

365

1.17

0.36

32.1

the year ended Dec 31, 2010

57,011,622

185,287,772

45.0

365

1.17

0.36

47.0

Wangkeng

the year ended Dec 31, 2006

40,242,000

151,882,677

40.0

365

1.17

0.31

43.3

the year ended Dec 31, 2007

31,475,000

118,792,231

40.0

365

1.17

0.31

33.9

the year ended Dec 31, 2008

34,237,226

129,217,917

40.0

366

1.17

0.31

36.8

the year ended Dec 31, 2009

28,713,380

108,369,852

40.0

365

1.17

0.31

30.9

the year ended Dec 31, 2010

48,704,698

183,820,955

40.0

365

1.17

0.31

52.5

Total
Revenues
(RMB)

Total
Electricity
Sold (kWh)

Installed
Capacity
(MW)

Number
of
days

Tax
Rate*

Effective
Tariff**
(RMB)

Effective
Utilization
Rate*** (%)

Yuanping

the year ended Dec 31, 2007

6,274,209

30,071,595

16.0

365

1.06

0.22

21.5

the year ended Dec 31, 2008

8,004,678

38,393,478

16.0

366

1.06

0.22

27.3

the year ended Dec 31, 2009

12,624,433

44,316,824

16.0

365

1.06

0.27

31.6

the year ended Dec 31, 2010

22,682,552

82,908,637

16.0

365

1.06

0.29

59.2

Yuheng

the year ended Dec 31, 2007

9,384,000

54,955,750

30.0

228

1.06

0.18

33.5

the period from Jan 1 to Oct 20, 2008

14,154,407

82,893,211

30.0

294

1.06

0.18

39.2

the period from Oct 21 to Dec 31, 2008

2,180,392

8,090,245

30.0

72

1.06

0.29

15.6

the year ended Dec 31, 2008

16,334,799

90,983,456

30.0

365

1.06

0.19

34.6

the year ended Dec 31, 2009

16,053,453

69,284,988

30.0

365

1.06

0.29

26.4

the year ended Dec 31, 2010

34,445,274

134,173,611

30.0

365

1.06

0.27

51.1

Husahe

the year ended Dec 31, 2010

11,413,357

66,801,125

18.7

257

1.06

0.18

57.9

Zilenghe

the year ended Dec 31, 2010

7,730,041

46,546,038

25.2

193

1.06

0.18

39.9

Aluhe

the year ended Dec 31, 2010

2,316,881

13,950,979

10.0

193

1.06

0.18

30.1

Latudi

the year ended Dec 31, 2010

3,730,075

21,312,493

18.9

138

1.06

0.19

34.0

Xiaopengzu

the year ended Dec 31, 2010

5,877,644

29,916,026

44.0

115

1.06

0.21

24.6

Qianling

the year ended Dec 31, 2010

N/A

N/A

10.0

N/A

1.06

N/A

N/A

Jinjiu

the year ended Dec 31, 2010

N/A

N/A

3.0

N/A

1.06

N/A

N/A

Dongguan

the year ended Dec 31, 2010

N/A

N/A

4.8

N/A

1.06

N/A

N/A

Jinlong

the year ended Dec 31, 2010

N/A

N/A

10.0

N/A

1.06

N/A

N/A

Jintang

the year ended Dec 31, 2010

N/A

N/A

11.6

N/A

1.06

N/A

N/A

Jinwei

the year ended Dec 31, 2010

N/A

N/A

16.0

N/A

1.06

N/A

N/A

Weighted Average Utilization Rate for Consolidated Number 2008****

29.2

%

Weighted Average Utilization Rate for Consolidated Number 2009****

30.8

%

Weighted Average Utilization Rate for whole year Number 2008****

33.7

%

Weighted Average Utilization Rate for whole year Number 2009****

30.2

%

Tax rate = 1+VAT (VAT is 6% or 17%, as applicable)

Effective Tariff = Total Revenues / Total Electricity Sold *tax rate

***

Effective Utilization Rate=Total Electricity Sold / (Installed Capacity *1000*24*Number of Days)*100

****

Weighted Average Utilization Rate = (Total Sold KWh)/(Total Installed Capacity), with/without Shapulong

*****

Consolidated Utilization Rate=Total Electricity Sold/SUM(Installed Capacity(MW)*1000*24*Number of Days)*100

⁽¹⁾

Jiulongshan and Zhougongyuan projects were split from Zhougongyuan projects in December 2009. The total installed capacity for Jiulongshan was 37.6 MW and for Zhougongyuan 16.0 MW.