Guangdong Provincial Department of Science and Technology issued the rules for the use of green lighting demonstration city funds

According to the work plan of the Guangdong Provincial Science and Technology Department, the construction of green lighting demonstration cities (hereinafter referred to as model cities) in Guangdong Province is about to enter the full implementation stage. In order to standardize the use of funds for model city projects and complete the project physical workload and various predetermined objectives, according to the "Guangdong Province Strategic Special Emerging Industry Development Special Fund Management Regulations (Trial)" and the Provincial and Municipal Co-building Model Cities Framework Agreement, Guangdong Provincial Science and Technology Department Issued "Guangdong Province Green Lighting Demonstration City Project Fund Usage Rules."

The model cities in these Regulations refer to the period between 2010 and 2012 when the Provincial Science and Technology Department and relevant prefecture-level governments signed an agreement to use the “contract energy management + supply chain + finance” business model to jointly build city-level LEDs. Street lamp demonstration project of the city. The project funds in this Regulation refer to the total sum of funds generated by the replacement of LED lamps in the demonstration city (mainly including the purchase of LED lamps, lighting design and supply chain solutions), which consist of fiscal investment and financing input. Among them, the Provincial Science and Technology Department subsidizes 10% of the special funds for strategic emerging industries development in the province (special funds only, does not occupy equity), local finance invests 15% (special funds only, enjoys 25% equity), and the supply chain management company invests 75 %. After the local government fully repays the supply chain financing and equity, the project equity is owned by the local government. In the business model of “contract energy management + supply chain + finance”, the Provincial Science and Technology Department and local governments assume the responsibility for project supervision and supervision; the supply chain management company coordinates the specific implementation of the project, formulates a complete project solution, and is responsible for providing Project financing investment and project management covering the entire process of project design, construction, procurement, and summarization; assisting local governments in conducting EMC tenders to control project cost, quality, and progress. EMC is responsible for the execution of the project.