Energy is the cornerstone of economic development and the blood of modern society. At present, the effect of policies and measures to stabilize growth is gradually emerging. As the resumption of work and manufacture of enterprises has been orderly promoted and the recovery of production and life of humans has been gradually progressed, power consumption in some industries and regions is growing, and the demand for electricity is rising, which brings challenges to the power supply. In order to better implement the work of energy supply guarantee, BOCOM Leasing has fully implemented the deployment of the CPC Central Committee, and has effectively assisted energy enterprises to maintain stable production, supply guarantee and green energy development with financial services.

Promote the implementation of coal storage guarantee in the centralized power plant

Coal is the "ballast" of China's energy security. BOCOM Leasing has achieved remarkable results in the implementation of coal supply and price stability. As a state-owned financial enterprise, BOCOM Leasing, focusing on the two keys of "quantity preservation" and "price stabilization", has increased its investment in the coal industry to help the stable operation of the coal market on the premise of ensuring safe, clean and efficient utilization.

Jinneng Holding Coal Group is the second largest coal producer in China. In May, BOCOM Leasing overcame the impact of COVID-19 to successfully invest RMB 700 million for it, which promoted the coal price to be within a reasonable range, and also provided a solid foundation for it to complete the supply guarantee task in six provinces, regions and cities, including Guangxi, Jiangsu, Jilin, Anhui, Shanghai, and Zhejiang. BOCOM Leasing takes practical actions to help coal enterprises release advanced production capacity and implement local responsibility for stabilizing production and maintaining supply in order to ensure a balance between coal supply and demand.

Effectively assist trans-provincial power transmission and achieve balance between surplus and deficit

BOCOM Leasing resolutely takes up the responsibility of power supply guarantee, takes people's livelihood as the top priority of power supply guarantee, and helps enterprises improve the ultra-high voltage and grid network at all levels to ensure smooth and orderly transportation of power coal. CLP Shentou Power Generation Co., Ltd. is an ultra-high voltage distribution power plant laid out by the State Power Investment Corporation (SPIC) in Shanxi. The electricity generated is directly sent to Beijing, Tianjin, Hebei and Jiangsu, Zhejiang and Shanghai via the "Jinbei-Tianjin South 1000 kV" and "Yanhuai DC ±800 kV" ultra-high voltage lines. In August, BOCOM Leasing successfully invested RMB 150 million for its power coal procurement, which strongly guaranteed the supply of power coal for the enterprises and contributed to the eastward transportation of western coal and southward transportation of northern coal.

Jointly promote a low-carbon transition to clean energy

While coal power supports electricity use, clean energy such as wind power, photovoltaic and solar energy also "show their strength". New clean energy is of great significance to China's energy and power transformation and the achievement of the dual carbon goal. Since this year, BOCOM Leasing has been working closely with new energy companies such as Yancheng Trina Solar, JinkoSolar, Shanghai YuanShi, as well as wind power, photovoltaic and solar energy companies such as Longyuan Zhenhua Ocean Engineering, Zhuhai Port Risen Energy, Ningxia Power Investment, and China Power Investment, and has continued to expand to monocrystalline silicon, cell, inverter, photovoltaic film manufacturing enterprises, photovoltaic energy storage, new energy power battery industry, as well as new energy charging pile and urban charging field, effectively providing financial leasing support for the new energy industry.

BOCOM Leasing will play the role of "a great treasure" and "a pillar", adhere to the national strategy, precisely match the strategic emerging industries of central enterprises such as new energy and new energy vehicles with innovative financial products, strive to be the promoter, pioneer and leader of the clean and low-carbon energy transition, actively assist in the optimization and upgrading of the energy industry, and promote the smooth operation of the domestic energy market to greet the victory of the 20th National Congress of the Communist Party of China with excellent results!