Calculation of Effective Tariff and Effective Utilization Rate
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| Total | Total | Installed | Number | Tax | Effective | Effective | ||||||||||||||||||||||||||||||||||||||||||
Our Company | the year ended Dec 31, 2008 |
|
| 110,076,549 |
|
| 333,964,005 |
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| 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 |
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| N/A |
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| 0.34 |
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| 30.8 | |||||||||||||||||||||||||||||
the year ended Dec 31, 2010 |
|
| 448,218,584 |
|
| 1,480,742,042 |
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| 548.8 |
|
| N/A |
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| N/A |
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| 0.33 |
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| 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 |
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| 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 |
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| 21.0 |
|
| 365 |
|
| 1.06 |
|
| 0.19 |
|
| 51.4 | |||||||||||||||||||||||||||||
Binglangjiang II | the year ended Dec 31, 2009 |
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| 3,706,529 |
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| 29,141,455 |
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| 20.0 |
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| 118 |
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| 1.06 |
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| 0.13 |
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| 51.5 | |||||||||||||||||||||||||||||
| the year ended Dec 31, 2010 |
|
| 11,386,666 |
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| 64,041,599 |
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| 20.0 |
|
| 365 |
|
| 1.06 |
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| 0.19 |
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| 36.6 | |||||||||||||||||||||||||||||
Liyuan | the period from May 21 to Dec 31, 2007 |
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| 5,405,584 |
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| 19,758,343 |
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| 12.0 |
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| 225 |
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| 1.06 |
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| 0.29 |
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| 30.5 | |||||||||||||||||||||||||||||
| the year ended Dec 31, 2007 |
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| 5,405,584 |
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| 19,758,343 |
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| 12.0 |
|
| 365 |
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| 1.06 |
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| 0.29 |
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| 18.8 | |||||||||||||||||||||||||||||
the year ended Dec 31, 2008 |
|
| 6,866,482 |
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| 25,098,176 |
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| 12.0 |
|
| 366 |
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| 1.06 |
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| 0.29 |
|
| 23.8 | ||||||||||||||||||||||||||||||
| the year ended Dec 31, 2009 |
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| 6,411,614 |
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| 23,435,555 |
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| 12.0 |
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| 365 |
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| 1.06 |
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| 0.29 |
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| 22.3 | |||||||||||||||||||||||||||||
the year ended Dec 31, 2010 |
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| 4,436,922 |
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| 16,217,714 |
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| 12.0 |
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| 365 |
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| 1.06 |
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| 0.29 |
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| 15.4 | ||||||||||||||||||||||||||||||
Yingchuan | the year ended Dec 31, 2006 |
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| 38,925,000 |
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| 97,116,588 |
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| 40.0 |
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| 365 |
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| 1.06 |
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| 0.43 |
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| 27.7 | |||||||||||||||||||||||||||||
the year ended Dec 31, 2007 |
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| 42,998,000 |
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| 102,700,957 |
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| 40.0 |
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| 365 |
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| 1.06 |
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| 0.44 |
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| 29.3 | ||||||||||||||||||||||||||||||
| the period from Jan 31 to Dec 31, 2008 |
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| 37,594,669 |
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| 90,254,137 |
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| 40.0 |
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| 336 |
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| 1.06 |
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| 0.44 |
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| 28.0 | |||||||||||||||||||||||||||||
the year ended Dec 31, 2008 |
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| 37,659,160 |
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| 90,768,127 |
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| 40.0 |
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| 366 |
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| 1.06 |
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| 0.44 |
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| 25.8 | ||||||||||||||||||||||||||||||
| the year ended Dec 31, 2009 |
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| 44,925,331 |
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| 107,225,642 |
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| 40.0 |
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| 365 |
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| 1.06 |
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| 0.44 |
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| 30.6 | |||||||||||||||||||||||||||||
the year ended Dec 31, 2010 |
|
| 56,172,286 |
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| 138,329,823 |
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| 40.0 |
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| 365 |
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| 1.06 |
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| 0.43 |
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| 39.5 | ||||||||||||||||||||||||||||||
Wuliting | the year ended Dec 31, 2007 |
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| 27,532,000 |
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| 65,423,294 |
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| 42.0 |
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| 365 |
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| 1.06 |
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| 0.45 |
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| 17.8 | |||||||||||||||||||||||||||||
the period from Jan 31 to Dec 31, 2008 |
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| 29,946,906 |
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| 69,232,680 |
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| 42.0 |
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| 336 |
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| 1.06 |
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| 0.46 |
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| 20.4 | ||||||||||||||||||||||||||||||
| the year ended Dec 31, 2008 |
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| 30,371,102 |
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| 70,224,000 |
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| 42.0 |
|
| 366 |
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| 1.06 |
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| 0.46 |
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| 19.0 | |||||||||||||||||||||||||||||
the year ended Dec 31, 2009 |
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| 40,143,784 |
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| 92,554,440 |
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| 42.0 |
|
| 365 |
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| 1.06 |
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| 0.46 |
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| 25.2 | ||||||||||||||||||||||||||||||
| the year ended Dec 31, 2010 |
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| 61,927,235 |
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| 148,943,520 |
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| 42.0 |
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| 365 |
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| 1.06 |
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| 0.44 |
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| 40.5 |
Total Total Installed Number Tax Effective Effective 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
Revenues
(RMB)
Electricity
Sold (kWh)
Capacity
(MW)
of
days
Rate*
Tariff**
(RMB)
Utilization
Rate*** (%)
Total Total Installed Number Tax Effective Effective 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 %
Revenues
(RMB)
Electricity
Sold (kWh)
Capacity
(MW)
of
days
Rate*
Tariff**
(RMB)
Utilization
Rate*** (%)
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* |
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| Tax rate = 1+VAT (VAT is 6% or 17%, as applicable) | |||||||||||||||||
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** |
| Effective Tariff = Total Revenues / Total Electricity Sold *tax rate | ||||||||||||||||||
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*** |
| Effective Utilization Rate=Total Electricity Sold / (Installed Capacity *1000*24*Number of Days)*100 | ||||||||||||||||||
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**** |
| Weighted Average Utilization Rate = (Total Sold KWh)/(Total Installed Capacity), with/without Shapulong | ||||||||||||||||||
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***** |
| Consolidated Utilization Rate=Total Electricity Sold/SUM(Installed Capacity(MW)*1000*24*Number of Days)*100 |
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(1) |
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| 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. |