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SUNTECH POWER HLDGS Message Board

  • me_novice me_novice Nov 2, 2012 11:23 PM Flag

    STP news

    September 25, 2012, the the CDB Central Bank announced that it will focus on ensuring that the "six small six large - 12 photovoltaic business line of credit, Suntech is first place. China Solar Energy Society Vice President Meng XianGan had told reporters that CDB internal delineated six six 12 PV companies as LDK, energy, Suntech, Yingli, Trina Solar and JA "six from the credit policy, belong to the moderate support for the enterprise, to ensure that the 12 companies does not fall.

    Under the credit agreement signed two years ago, in 2010 to 2015, the CDB will provide Suntech with 50 billion yuan, or its equivalent in foreign currency loans. National level began to rescue the photovoltaic industry, caused by the introduction of solar power development "12th Five-Year Plan" market is excited, which is the local governments vigorously rescue PV industry basis.

    The Meng Xiangan that Suntech has certain advanced technology, also has a high brand value. If Suntech wants to live, it should depress the capacity and contract part of the business.

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