On January 30th, Atmospheric Water Generation Technology Ltd. (AWG Tech) announced that it has signed a Memorandum of Understanding on the Air-Water Eco Industry Park Projects with SPIC Zhonghu (Hainan) Low Carbon New Energy Technology Co., Ltd.. The MOU was jointly signed by Dr. SO Shu-fai, Vice Chairman and CEO of the company, Director and Company Advisor of SJM Holdings (0880), and Chairman of Domaine Power Holdings (0442), and Mr. ZHOU Haibo, General Manager of the SPIC Zhonghu. Subsequently, the company submitted letters of intent for cooperation in the atmospheric water generation industry to the governments of Nigeria and the Dominican Republic, which were received by the Consuls General of both countries in Hong Kong and Macao.
According to the MOU, the two companies intend to jointly invest in the construction of Air-Water Eco Industrial Parks in China and the Belt and Road Countries. The planning features of these projects are high sustainability, equipped with green electricity supplies and atmospheric water generation for the operation of planting, farming, beverages, hydrogen energy, data centers, computing centers, and other high electricity and water consumption industrial projects, also for Industrial supporting facilities including talent apartments, hotels, etc. In the phase 1 plan, atmospheric water generation capacity is 1,000 cubic meters per day, which can produce 2 million bottles of bottled water, beer, or other beverages.
The two companies have reached a series of strategic cooperation areas, including the fully integrating their leading resources with synergy and complementation, jointly promoting investment in new energy and new water source related construction projects, and continuing to consolidate and enhance their respective industry capabilities, domestic and overseas market influences, comprehensive competitiveness, and internationalization, etc.
Nigeria and Dominican Republic intend to develop atmospheric water generation industry
Dr. Ambrose SO Shu-fai, ComM, Vice Chairman and CEO of Atmospheric Water Generation Technology Ltd., has submitted Letters of Intent on building and investment of Air-water Eco Industrial Park to Hon. Dr. Adebayo Emmanuel ADEYEMI, Consul General of Nigeria in Hong Kong and Macao, and Hon. Eduardo Pelagio ALVAREZ HERNANDEZ, Consul General of Dominican in Hong Kong and Macao. Letter of intent for cooperation in building an atmospheric water ecological industrial park. The Consul General of the two countries will submit proposals for the Air-water Eco Industrial Parks projects to their national governments to urge policy support, investment from sovereign funds and funding from international organizations, and to promote the development of global atmospheric water industry and implementation of atmospheric water rights.
Participants including:
- Dato’ Sri Prof. NG Tat-yung, SSAP, Steering Committee Member of UN Science-Policy-Business Forum on Environment, Inventor of atmospheric water generation system, Honorary Chairman of Atmospheric Water Generation Technology Ltd.
- Datin Sri. Dr. NG Tsz-yan Irys, Member of International Steering Committee of High-Level International Conference of UN’s International Decade for Action on Water, 2018-2028, and Chairman of Atmospheric Water Generation Technology Ltd.
- Dr. Ambrose SO Shu-fai, ComM, Vice Chairman and CEO of Atmospheric Water Generation Technology Ltd., Director and Advisor of SJM Holdings (0880), Chairman of Domaine Power Holdings (0442)
- Mr. FUNG Chi-kin, Special Advisor to the Board of AWGTL, Former Vice Chairman of Hong Kong Stock Exchange, Former Executive Director of Bank of China International Holdings
- Hon. Dr. Adebayo Emmanuel ADEYEMI, Consul General of Nigeria in Hong Kong and Macao
- Hon. Eduardo Pelagio ALVAREZ HERNANDEZ, Consul General of Dominican Republic in Hong Kong and Macao
- Mr. ZHOU Haibo, General Manager of SPIC Zhonghu (Hainan) Low Carbon New Energy Technology Co. Ltd.
- Mr. WEI Bo, General Manager of Development Department of SPIC Zhonghu (Hainan) Low Carbon New Energy Technology Co. Ltd.
- Dr. Johnny IP, Vice President of Atmospheric Water Generation Technology Ltd.
- Mr. YEN Cheuk-kit, Project Director of Atmospheric Water Generation Technology Ltd.
- Mr. CHEN Guanting, Under Secretary General of Global Investment Fund
About SPIC Zhonghu
SPIC Zhonghu (Hainan) Low Carbon New Energy Technology Co. Ltd. is a subsidiary of the state-owned State Power Investment Corporation. Its business scope includes licensed projects: power generation and power transmission businesses; power supply (distribution) business; power supply business; biomass gas production and supply; wind power generation technical services; solar power generation technical services: technical services, technology development, technical consultation, technology exchange, technology transfer, technology promotion; research and development of offshore wind power related systems; energy-saving management services; research and development of efficient energy-saving technologies in the power industry; energy storage technology services; contract energy management; research and development of emerging energy technologies; operation of electric vehicle charging infrastructure; and bidding agency services.
As of the end of 2020, the State Power Investment Corporation had the world’s largest scale of installed capacity in new energy. Specifically, it ranked first in the world in terms of installed capacity in photovoltaic power generation and second in terms of installed capacity in wind power generation.
