San’an Opto has announced on Dec. 25th that the company has signed the “Cooperation Framework Agreement” on Dec. 24th with Zijin Mining Group and Fujian Anxin Contract Energy Management Co. The company will gain an LED lighting product purchase project of at least RMB 300 million (US $49.5 million) within two years.
Under the Energy Management Contract (EMC) Anxin Energy will implement energy management for all Zijin Mining Group subsidies energy-saving renovation projects. Sanan's Opto will be the LED lighting supplier for the project .Within two years, or no more than three, Anxin must purchase at least RMB 300 million in LED lighting products. Based on Zijin’s current energy-saving renovation project construction situation, the procurement volume and amount can be increased.
The renovation project will replace traditional lighting products with LEDs, which will include residential LED lighting, LED street lights, LED canopy lighting, LED mining lighting and more. Zijin has agreed for Anxin to be part of the company’s energy-saving renovation project and will pay them the number of saving costs for the next 10 years.
According to San’an Optoelectronics, this cooperation is the penetration of former application products, which is in line with the country’s call of energy conservation and emission reduction, LED industry development rules and the company's development goals.
