GCL-Poly Signs Long-term Contract Coal Agreement with China Coal

Thu. September 10, 2009; Posted: 08:51 PM

Hong Kong, Sept 11, 2009 (ACN Newswire via COMTEX) -- CCOZF | Quote | Chart | News | PowerRating -- GCL-Poly Power Fuel Company Limited ("Fuel Company"), a subsidiary of GCL-Poly Energy Holdings Limited ("GCL-Poly"), signed a five-year long-term contract coal agreement with China Coal Energy Company Limited ("China Coal") in Suzhou on September 9, 2009. General Manager of Fuel Company Mr. ZHANG Xiang and Vice President of China Coal Mr. NIU Jianhua signed the Agreement on behalf of each party. Both parties agreed to establish a long-term strategic relationship so as to better control market risks and to ensure coal supply to GCL-Poly's power plants as well as power plants under GCL-Poly's management. Senior management from GCL-Poly, GCL Group and China Coal Group as well as senior government officials attended the signing ceremony.

About GCL-Poly Energy

GCL-Poly Energy Holdings Limited is a world leading polysilicon manufacturer for the solar industry and a leading integrated green energy enterprise in China. Production capacity of GCL Solar, a subsidiary of the Group, is expected to reach 18,000 metric tonnes of polysilicon by the end of 2009, and 1 GW of solar wafers by mid 2010. In addition, the Group operates a total of 18 cogeneration power plants, 1 incineration power plant and 1 windpower plant. Most of these plants are located in Jiangsu and Zhejiang provinces with strong economic growth and robust demand for electricity and steam. All these plants are advocated and encouraged by Chinese government.

For more information about GCL-Poly, please visit the company's website at www.gcl-poly.com.hk.

Source: GCL-Poly Energy

Contact:

GCL-Poly Energy Holdings Limited:
Mr. Zhou Jiangbo
Tel: (852) 3761 3120
Email: zhoujiangbo@gcl-power.com.hk

Ms. Stephanie Lau
Tel: (852) 3761 3145
Email: stephanielau@gclsolarenergy.com

Porda International (Finance) PR Group
Ms. Harriet Lau
Tel: (852) 3150 6761
Email: harriet.lau@pordafinance.com.hk

Ms. Sharis Siu
Tel: (852) 3150 6771
Email: sharis.siu@pordafinance.com.hk

Ms. Susanna Ho
Tel: (852) 3150 6755
Email: susanna.ho@pordafinance.com.hk

Ms. Ada Leung
Tel: (852) 3150 6732
Email: ada.leung@pordafinance.com.hk

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