On July 27, CBM Development and Utilization Company Limited of ShaanMei Group signed “Investment Contract of National Development Fund”with CDB, and officially got 130 billion yuan from the second 2016 national special construction fund, it is the only CBM company that has successfully applied the special fund.

    In April, according to the requirements of Shaanxi DRC files, Shaanxi CBM company, on the basis of BinChang Giant Buddhist Temple Field whose CBM exploration output is 0.3 million stere, Compression Gas Station, actively declared our nation’s second special fund. In the same month, according to the procedure of declaration, the company has finished all the necessary documents and funds submission, as well as attending the special meeting of Coal Department of NEA, aiming at reporting the situation. The project was approved in May, and the actual investigation has also been engaged on spot and coordinated with CBD commissioner on the auditing project data.

  It’s reported that the 131 million special funds will be transferred recently. The special funds will be used in the construction of BinChang Giant Buddhist Temple Field whose CBM exploration output is 0.3 million stere and Compression Gas Station.   (By HuiTeng)