That night, Song Hongjun came forward to invite some investors in Yanjing and asked Shen Huai to contact them

Shen Huai drank a lot of wine at night and called Ji Chengxi

Ji Chengxi's officials who wanted to accompany the Ministry of Railways were also quite drunk, so they made an appointment to meet later, and Shen Huai took a plane to Jiangning the next day

Shen Huai rushed to Jiangning, met with Qian Wenhui, Guo Quan, Shao Zheng and others, and met with other management of the TEPCO Group to promote the share exchange plan

There is not much difficulty on the side of the TEPCO Group, the Minister of Electric Power He Xianghuai is one of the core figures of the Song family, and the sister-in-law Song Wenhui is the executive vice president of TEPCO, so there is no need to worry about any additional resistance within the Ministry of Electric Power and the TEPCO Group

Meixi Town will give up its controlling stake in Meigang this time; the absolute value of the TEPCO Group's shareholding in Meigang is not large, but the actual status it has obtained is equal to that of the local government, and it even has the advantage of state-owned shareholding in ministries and commissions, which is a condition that is obviously favorable to the TEPCO Group

The previous negotiations had always been in charge of Guo Quan and Qian Wenhui, who were the general managers of Meixi Industrial Financial Investment Group, but when it came time to finalize the final plan, Shen Huai always had to show his face and close the relationship with other leaders of TEPCO

TEPCO has generally formed a plan to register and establish Huaineng Group to hold shares in Meixi Power Plant and Meigang, and then mainly invest in and build power energy and related industries along the Huaihai Bay

In addition to injecting the Meixi Power Plant into the Huaineng Group and exchanging shares with Meigang, TEPCO also divested the port construction and real estate construction businesses that have little to do with the main business of coal power construction, and injected an additional 100 million yuan into the development fund

Since its incorporation, Huineng will be one of the most important secondary enterprises under TEPCO, and the positions of chairman and general manager will be concurrently held by the senior management of TEPCO, and Hu Shuwei, who will serve as the executive general manager, is the rising star of the Song family

Hu Shuwei said that he was a rising star, but in fact he was almost 40 years old, and he once served as a secretary to Song Wenhui, and it was Song Wenhui who was promoted by Song Wenhui and had rich experience in enterprise management; he was originally recommended by Song Wenhui to be the general manager of the Meixi Power Plant

After the establishment of Huaineng Group, the scale of business and assets injected by the divestment was nearly 400 million, and Hu Shuwei's seniority within TEPCO was slightly shallow, and he could not directly serve as the general manager

After the establishment of Huaineng Group, in addition to holding part of the equity of Meixi Power Plant and Meigang for share exchange, it will also inject 30 million funds into Meixi Port Company and hold 30% of the equity, and after Meixi Port Company receives 30 million capital injections, it will continue to raise capital with loans, and build another heavy-ton bulk cargo berth and three 2,000-ton Zhujiang berths, so as to ensure that after the completion of Meixi Steel Plant and the joint venture plant, the annual throughput capacity of Meixi Port Terminal can reach 5 million tons

On the way back from Jiangning, Shen Huai returned to the people, and Liu Weili, who replaced Xiong Wenbin as deputy secretary general of the municipal party committee and director of the municipal party committee office, called over

Liu Weili informed Shen Huai that Tan Qiping asked him to report to the Municipal Party Committee with Hu Shuwei on the preparations for the establishment of the Huaineng Group, and Gao Tianhe would also be present to listen to the report

Don't mention any grievances in private, but the normal working relationship still has to be maintained

Huaineng Group will be incorporated in Donghua

As a subsidiary of TEPCO, although Huaineng is wholly owned by TEPCO, and the decision-making power of personnel and important affairs is in TEPCO, unlike other subsidiaries of TEPCO, Huaineng Group, as a subsidiary, has the status of a corporate legal person

This point, the most direct significance to Donghua is that the taxes generated by Huaineng Group in the future will be paid directly in Donghua, and will not be merged into the parent company

As a state-owned enterprise with assets of nearly 400 million yuan since its establishment, all taxes are paid in Donghua, and the increase in the scale of Donghua's finance and taxation is naturally of extraordinary significance

Of course, this is also the condition that Shen Huai has won, in addition to giving up part of the equity of Meigang and Meixi Port, so that TEPCO can share the profits from Meigang's previous system, Meixi Town will also allocate 60 acres of excellent land on the west side of the Zhuxi Bridge to Huaineng Group for the construction of the headquarters building

Huaineng is a wholly state-owned enterprise, and there are no flaws in the procedures for the free allocation of land

However, the significance of the establishment of Huaineng Group in Donghua is that it will invest in power energy and related industries along the Huaihai Bay area

Donghua is located in the core area of Huaihai Bay, and its lagging power and energy development has always been the main bottleneck restricting the development of industry and agriculture

In the suburbs and counties of Donghua City, it is almost normal for the voltage to be unstable during the evening rush hour, so that the most important task of the local power department at present is to severely crack down on the illegal use of high-power electrical appliances by urban and rural residents

Over the years, in addition to raising funds for the construction of power infrastructure, Donghua has been eagerly looking forward to the higher-level power departments to increase investment in the construction of Donghua Power

Although Tan Qiping could not take the achievements of the establishment of the Huaineng Group as his own, and also understood that the establishment of the Huaineng Group in Donghua would further strengthen the Duli status of the Meigang Group from local control, he also knew the importance of the establishment of the Huaineng Group to Donghua City to promote the construction of power infrastructure

Tan Qiping, Gao Tianhe and other major officials at the municipal level are derelict in their duties if they are not familiar with and do not care about the situation of the Huaineng Group, and they will not be able to explain to the province

Therefore, knowing that Shen Huai came back from Jiangning, Tan Qiping immediately asked him and Hu Shuwei to rush to the municipal party committee to report to him and Gao Tianhe on the preparation of the Huaineng Group

"After the establishment of Huaineng Group, as a fully state-owned investment and financing platform, its financing capacity in the financial market is in......comparable with that of local state-owned enterprises."

For more than a month, Shen Huai has been running outside, and he is also physically and mentally tired when he returns to DonghuaHu Shuwei has been presiding over the construction of Meixi Power Plant, and he is not familiar with the local relationship.

"However, the most direct constraint for Huaineng Group to raise funds in the external financial market is its ability to pay for financing costs," Shen said. If we want Huaineng Group to increase investment in power infrastructure construction in Donghua, we hope that Huaineng Group can obtain a large amount of financing from the external financial market for Donghua power infrastructure construction, first of all, to help Huaineng Group have the ability to make profits and pay financing costs."

"I can understand your thinking, but what about the specific plan?" Tan Qiping asked

"Can the city give up a part of the income of the Tianshenggang power plant, so that the Tianshenggang power plant can accept the capital injection of Huaineng at a lower price, and the local power grid will appropriately increase the feed-in tariff to ensure that the income of Huaineng from the Tianshenggang power plant can support Huaineng's large-scale financing capacity as a quid pro quo, and the financing obtained by Huaineng should also be promised to be mainly used for the construction of power infrastructure in Donghua," Shen Huai said

At present, only the provincial level and some specially approved city SDIC companies have the authority to directly finance and borrow foreign exchange in overseas markets, and this kind of financing is usually in the hundreds of millions of dollars on a large scale, although there are some serious problems, but it also greatly supports local construction and development

Ordinary cities and ordinary private enterprises do not have this kind of authority at all

Shen Huai suggested that Chen Bing form a Beijing Investment Company in Yanjing, which is almost the same reason

With the endorsement of the local government, BIIC's financing funds in Yanjing are invested in Donghua's infrastructure construction, and as long as Donghua can pay interest and other financing costs to BII on time, the scale of BIIC's financial investment can theoretically snowball indefinitely - in this way, the development of Donghua can directly use external financial resources

At present, the total annual loan plate of Donghua is only 6 or 700 million yuan, and we don't want to have some "crooked ways", so we try to strive for financial and credit resources from the outside as much as possible, and according to local financial resources, it is not enough to build a high-grade highway a year.

Chen Bing's establishment of the Beijing Investment Company in Beijing, of course, also has serious limitations, first of all, it is not a simple matter to gain the trust of Yanjing's financial institutions, and secondly, the overall financial resources in China are very limited, everyone is fighting, Donghua has no obvious advantages, and at the moment it can only be said that it is slowly doing some work

Comparatively speaking, overseas financial capital markets are much more mature and larger

After the establishment of Huaineng Group, it can directly apply through the Ministry of Electric Power to obtain the authority to raise funds in overseas markets, which is much more convenient than the local government of Donghua City to apply to the national ministries and commissions through the department

However, to borrow foreign exchange from overseas markets, Huineng must first have the ability to pay interest and other financing costs to overseas markets, and this money cannot be paid by the Ministry of Electricity

Tianshenggang Power Plant is currently the most important thermal power plant in Donghua City, with an installed capacity of 400,000 kilowatts and an annual profit and tax of more than 100 million yuan

Even if Donghua wants to obtain a large investment in power infrastructure, it must first cut a piece of the cake of the Tianshenggang Power Plant, and even consider giving up local control over the Tianshenggang Power Plant

Tan Qiping didn't mean to ask Gao Tianhe's opinion, so he directly rejected Shen Huai's proposal, saying: "This plan involves too many aspects, and it seems that there is no feasibility at present."

In Donghua City, the importance of the Tianshenggang Power Plant is not under the city's steel mills, and it is one thing to give more and less to the interests, and directly placing the control of the Tianshenggang Power Plant under the Huaineng Group is an unacceptable condition for him

If you really agree to such conditions, the Huaineng Group will expand dramatically, and together with Mei Gang, it will become two powerful wings on Shen Huai's back, so who can control him in Donghua in the future?

Of course, Tan Qiping said this, and Shen Huai had no way to say that he was not

Tianshenggang Power Plant and Municipal Steel Plant, as the few enterprises in Donghua City that can support the scene, not to mention the enterprises under the Ministry of Electric Power, even the Ministry of Electric Power came to open this opening, and there is nothing wrong with directly blocking it back

"This model is very attractive," Gao Tianhe said, "Directly take out the Tianshenggang Power Plant, the steps are a bit big, can you take the district and county power plants out and give it a try?"

Tan Qiping glanced at Gao Tianhe, his eyes were sharp, but Gao Tianhe looked at Shen Huai with interest, as if he hoped that Shen Huai and Hu Shuwei could talk in depth, and asked: "What if Xiapu County takes Xiapu Power Plant and Huaineng to cooperate?"

Tao Jixing, secretary of the Xiapu County Party Committee, was promoted by Wu Haifeng, and Ge Yongqiu, the county magistrate, was Gao Tianhe's person

Facing the peaches that Gao Tianhe threw away, Shen Huai remained silent, looked at Tan Qiping, and asked, "Secretary Tan, what do you think?"

Tan Qiping didn't expect Gao Tianhe to suddenly insert this kick beforehand, and there was a kind of depression in his chest, but he couldn't refuse directly

Whether the Huaineng Group can develop quickly is related to whether the power of the Song family can further take root in Donghua, and Tan Qiping cannot suppress the development of the Huaineng Group in Donghua because of his personal confrontation with Shen Huai, just like he can only use soft means against Meigang at this time