TORONTO, Jan. 22, 2019 (GLOBE NEWSWIRE) -- Changfeng Energy Inc., (TSXV: CFY) (“Changfeng” or the “Company”), an energy provider in China, is pleased to announce that Changfeng’s 50% owned joint venture company with the EDF Group, EDF Changfeng (Sanya) Energy Co Ltd., the Haitang Bay Integrated Smart Energy project company (“EDF Changfeng”), has achieved a new milestone of procuring its first client, the Sanya Haitang Bay Edition Hotel (the “Edition Hotel”) following the signing of a centralized cooling service contract (the “Contract”) with the Edition Hotel. The Contract outlines the supply of cooling by EDF Changfeng to the Edition Hotel for a term of one year subject to renewal, at a fixed cooling capacity of 4109 kWr per year. The contract further stipulates that the commencement date for supplying cooling will be subject to construction progress of the first energy station. Construction of the energy station is delayed as more time is needed for the land procurement of the site of the energy station. The Sanya municipal government continues to work towards completing the above land procurement.
About Changfeng Energy Inc.
Changfeng Energy Inc. is a Canadian public company currently traded on the Toronto Venture Exchange (“TSX-V”) under the stock symbol “CFY”. It is an integrated energy provider and natural gas distribution company (or natural gas utility) in the People’s Republic of China. Changfeng strives to combine leading clean energy technology with natural gas usage to provide sustainable energy to its customer base in the PRC. In 2009, Changfeng was recognized as being one of China’s the Top Ten Most Influential Brands in the Natural Gas Industry.
About EDF Group
A key player in energy transition, the EDF Group is an integrated electricity company, active in all areas of the business: generation, transmission, distribution, energy supply and trading, energy services. A global leader in low-carbon energies, the EDF Group has developed a diversified generation mix based on nuclear power, hydropower, new renewable energies and thermal energy. The EDF Group is involved in supplying energy and services to approximately 35.1 million customers. The EDF Group generated consolidated sales of EUR 69.6 billion in 2017. The EDF Group is listed on the Paris Stock Exchange.
Certain statements contained in this news release constitute forward-looking statements and forward-looking information (collectively, “Forward-Looking Statements”). All statements, other than statements of historical fact, included or incorporated by reference in this document are Forward-Looking Statements, including statements regarding activities, events or developments that the Company expects or anticipates may occur in the future. These Forward-Looking statements can be identified by the use of forward-looking words such as “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe” or “continue” or similar words or the negative thereof. No assurance can be given that the plans, intentions or expectations or assumptions upon which these Forward-Looking Statements are based will prove to be correct and such Forward-Looking Statements included in this news release should not be unduly relied upon.
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