China Holdings Announces Contracting of China Electric and Design Institute (National...

China Holdings Announces Contracting of China Electric and Design Institute
(National AAA+) as Part of Engineering Experts Team

BEIJING and LAS VEGAS, June 19 /Xinhua-PRNewswire-FirstCall/ -- China
Holdings, Inc. (OTC Bulletin Board: CHHL), a global diversified asset holdings
company and its subsidiaries, headquartered in the U.S. and engaged in
multiple China-focused business activities including energy, renewable energy,
resources, utilities, finance, real estate, and pharmaceuticals, today
announced the Company and its controlled subsidiary, China Power, Inc.,
(together ''the Company'') has contracted the China Electric and Design
Institute (National AAA+) as the Company's Engineering Experts Team for
Engineering Consultation.
As agreed, the China Electric and Design Institute (''CEI'')(National
AAA+), as a part of the Company's engineering experts team, will provide the
Company with National AAA+ Engineering Consultation Services to the Company's
5 Biomass Energy Power Plants (5 x 50MW = 250 MW). CEI's Engineering Services
will assist and enhance the Company's further development and consolidation
with the World-Class Power -- Engineering Firms on Project Planning and
Design, Project management, engineering, procurement and construction
expertise (''EPC'') to build the Company's 5 biomass power plants on a turnkey
basis/solution, and with upset price guarantees and fixed construction
completion timetables.
The Company has 5 biomass waste to energy power plants (250 MW). Each
50MW Power Plant has the following features:

1. Size: 1240 tons-per-day
2. Annual waste disposed: 409,200 tons
3. Construction period: 24 months
4. Operating period: 30 years
5. Power Capacity: 50 MW
6. Annual electricity produced: 411,050,000 kW-hrs
7. Annual electricity sold: 361,680,000 kW-hrs
8. Total Project Investment: 610,790,000 RMB
9. Electricity sells Price: 0.61-0.65 RMB/kW-hr
10. Fuel Delivery Price: 150-300 RMB per ton
11. Land Position: 215 MU (1MU = 667 Sq. meters)

The Company's 5 biomass waste to energy plants (250MW) in China are
expected to begin operation and production in 2010-2011, we expect:
* Annual electricity produce: 2,055,250,000 kW-hrs
* Annual electricity sold: 1,808,400,000 Kw-hrs
* Electricity sells Price: 0.61-0.65 RMB/kW-hr
* Total Investment (35% cash + 65% bank loan): 3,053,950,000 RMB
* Total Power Capacity: 250 MW
* Total Land Position: 501,000 MU (1MU = 667 Sq. meters)

The Company's 5 biomass waste to energy plants (250MW) in China will
operate by/under the Company's wholly-own subsidiaries as following:
-- America-China Green Energy (TaiHu) Co. Ltd. for Taihu Biomass Power
Plant (50MW), AnHui Province, PR China
-- America-China Green Energy (Ontniute) Co. Ltd. for (Ontniute) Biomass
Power Plant (50MW), Inner Mongolia , PR China
-- America-China Green Energy (Hunan) Co. Ltd. for Hunan Biomass Power
Plant (50MW), Hunan Province, PR China
-- America-China Green Energy (LongHua) Co. Ltd. for LongHua Biomass
Power Plant (50MW), HeBei Province, PR China
-- America-China Green Energy (ConYang) Co. Ltd. for Taihu Biomass Power
Plant (50MW), AnHui Province, PR China

About China Electric Design and Research Institute (Since 1951)
The China Electric Design and Research Institute (''CEI'') is a China
National-Top Rank Grade AAA+ Engineering Firm and a comprehensive design and
research organization with engineering consultation, engineering contractor
and engineering cost consultation units issued by the State, China; CEI also
owns a design license for all kinds of pressure vessels issued by the State,
China; and business licenses for economic and technical cooperation with
foreign firms issued by the State, China.
CEI's fields of expertise include engineering consultation, project
planning & design, project contracting and construction project management,
both across China and abroad, in machinery, electric power, civil
construction, municipal engineering, light industry, petrochemicals,
environmental protection, materials, business, shipbuilding, automobiles,
logistics and design for all kinds of vessels and pipelines. CEI also holds
business licenses issued by the State, China, for economic and technical
cooperation with foreign firms.
The institute is entitled to prepare and manage the national design
standards for building electrical installations and the technical committee
TC64, as well as building electrical installations. The Chinese national
committee of the IEC is also based at the institute. CEI is partially in
charge of the formulation of the national design code of electrical and
machinery industries. CEI also undertakes or participates in the technical
evaluation and justification of major national projects such as nuclear power
plants, and hydropower units for the three Gorges Station, etc.
CEI is in possession of a powerful technical strength, with more than 200
technical professionals and various specialists, in which over 80 are senior
engineers, including 8 state national grade AAA+ registered architectures, 23
state national grade AAA+ registered structural engineers, 11 registered
consulting engineers and 9 registered engineering cost engineers.
Contributions have been made in the planning, development and engineering
execution in various industries and CEI has also completed many construction
projects abroad, and earned a good reputation with domestic and overseas
customers.
Since 1985, CEI has completed consultation, design and EPC for more than
1000 projects INCLUDING NEAR 100 JOINT-VENTURES (FOREIGN-FUND, WORLD-BANK
LOANS), CONTRACTED for 30 plus projects and developed 100 odd pieces of
specialized equipment, production lines and transfer machines, including: the
HuiZhou Garbage Heat Decompose Generate Electricity Project, Guangdong
Province, (Capacity: 600 t/d); a 120MW Coal-Layer Gas Generate Electricity
Project for SiHe Bure of Jincheng, Shanxi Province, and Shuangyushu Heating
Plant, Beijing ( Heating Capacity: 4 x 116MW, Heating Area: 10,000,000 Square
Meter); an Intelligent Control System Renovation project of The Mao ZeDong
Memorial Hall in Tian-An-Men Square, Beijing; the Shanghai Science and
Technology Center; the Scheduling Center Building of Electric Power in
Jiangmen, Guangdong Province; the Technology Center of China Banknote Printing
and Minting Corporation; and the Heavy Turbo-Generator Testing Facilities with
1000MW level of Harbin Electric Machinery, etc. It has established good
cooperation relationships with various economic development regions in
domestic and overseas customers.
The Company is developing its Renewable Energy Projects & Pipeline in
Biomass Energy Power Generation Plants & Hydropower Plants in hopes of
reaching a total Potential Power Capacity of 3200 MW by the year 2013 via
Merger & Acquisitions (M&A), Joint-Venture Partnerships with Biomass Energy
Plants/Projects & Hydropower Plants and companies, governments in China,
or/and worldwide. The Company's Advanced Renewable Energy Strategy & Plan in
Hydropower Plants and Biomass Energy Power Generation Plants will have
technical, social, and environmental benefits and provide investment and
business opportunities in the cost-competitive Biomass Energy/hydropower
capacity energy supply in China as well as around the world, which will
increase the Company's worldwide shareholders' value in the long term.
About China Holdings, Inc.
China Holdings, Inc., is a diversified global assets holding company
headquartered in the U.S. The Company and its subsidiaries engage in multiple
China-focused business activities including energy, renewable energy,
resources, utilities, finance, real estate and pharmaceuticals. Its objective
is to achieve long-term capital appreciation through investment in companies
and other entities with significant assets, investments, production
activities, trading or other business interests in China, or/and worldwide,
or/and which derive a significant part of their revenue from China, or/and
worldwide. The Company has three wholly-owned subsidiaries: (i) China Power,
Inc., (ii) China Minerals Holdings, Inc.; (iii) China Health Holdings, Inc.
For the Company's profile, please feel free to visit website:
http://www.chinaholding.net/ .
About China Power, Inc.
China Power Inc., a wholly owned subsidiary of China Holdings, Inc., is a
global energy & renewable energy holding company headquartered in the U.S. It
focuses on Merger & Acquisition, Joint-Venture Partnership, Investment,
Research & Development, Construction and Operation of energy, renewable
energy, and environment protection projects in China and worldwide. The
Company is developing its Renewable Energy Projects & Pipeline in Biomass
Energy Projects & Hydropower Plants to reach the Total Potential Power
Capacity 3200 MW by the year 2013. The Company's Advanced Renewable Energy
Strategy & Plan in Hydropower Plants and Biomass Energy Projects will have
technical, social, and environmental benefits and provide investment and
business activities in the cost-competitive biomass energy and hydropower
capacity energy supply in China and worldwide, and also increase its worldwide
shareholders' values in the long term.
Biomass Waste as a Clean Renewable Energy
Straw is the main by-product from the harvesting of agricultural crop. In
the past, straw, bush and quitch was used as a household cooking fuel.
However, in recent years, as China's agricultural economy has developed and
farmers' incomes have increased, the usage of straw, bush and quitch has
decreased sharply. Farmers now prefer to use fuels, such as coal and gas,
that are easier to use, have a higher energy content, and require less space
for storage. An increasing amount of straw, bush and quitch is now burnt in
the open in many regions in China. The burnt portion can be as much as 80% of
the straw, bush and quitch produced and causes serious environmental problems.
Instead of open burning, straw, bush and quitch can be used to generate
electricity in an environmentally friendly manner. By 2010, China will have
between 350 million tons to 370 million tons of unused straw. If this huge
amount of straw is used for power generation, it would represent an additional
450 billion KwH of electricity. Biomass waste to energy is therefore a very
sustainable and environmentally friendly potential energy source in China.
Smoke emissions from agriculture waste open-burning and forest fires badly
affect air quality. Collecting agriculture from farmers can avoid biomass
burning in site, which caused not only smoke and pollutants but also risk
highway transportation and air transit. Removing forestry waste like
accumulated dead wood and bush, dry quitch, foliage and grass from forested
areas can reduce forest fire risk. The biomass waste to energy plant will
offer a rewarding application with effective and clean combustion compared to
straw open-burning in site or forest fire, and will significantly reduce and
eliminate smoke emitted from open burning in site and forest fires.
Forward-looking Statements
To the extent that statements in the press release are not strictly
historical, including statements as to revenue projections, projections of
results of specific activities or investments, business strategy, outlook,
objectives, future milestones, plans, intentions, goals, future financial
conditions, future collaboration agreements, economic performance and trends,
the success of the Company's development, events conditioned on stockholder or
other approval, or otherwise as to future events, such statements are forward-
looking, all forward-looking statements, whether written or oral, and whether
made by or on behalf of the Company, are expressly qualified by the cautionary
statements and any other cautionary statements, which may accompany the
forward-looking statements, and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995, Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Forward-looking information is inherently subject to risks and
uncertainties, and actual results could differ materially from those currently
anticipated due to a number of factors, which include, but are not limited to,
risk factors inherent in doing business. Forward-looking statements may be
identified by terms such as "may," "will," "should," "could," "expects,"
"plans," "intends," "anticipates," "believes," "estimates," "predicts,"
"forecasts," "potential," or "continue," or similar terms or the negative of
these terms. Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee future results,
levels of activity, performance or achievements. The Company has no obligation
to update these forward-looking statements. Other important factors that could
cause actual results to differ materially include the following: business
conditions and the amount of growth in the Company's industry and general
economy; government policies, competitive factors; ability to attract and
retain personnel; the price of the Company's stock; and the risk factors set
forth from time to time in the Company's SEC reports, including but not
limited to its annual report on Form 10-KSB; its quarterly reports on Forms
10-QSB; and any reports on Form 8-K. In addition, the Company disclaims any
obligation to update or correct any forward-looking statements in all of the
Company's press releases to reflect events or circumstances after the date
hereof.
For worldwide investor and media inquiries, please contact:

China Holdings, Inc. (Las Vegas and Beijing)
Julianna Lu, Chief Executive Officer
Tel: +86-1370-133-1287; +86-10-6586-4770
Fax: +86-10-6586-4790
Email: info@chinaholding.net; lujulianna@yahoo.com
Web: http://www.chinaholding.net

Wall Street Reporter, Inc. (New York)
Jack Marks, Chief Executive Officer
Tel: +1-212-363-2600
Web: http://www.wallstreetreporter.com

SOURCE China Holdings, Inc.

Julianna Lu, Chief Executive Officer of China Holdings Inc., +86-1370-133-1287
or +86-10-6586-4770, or fax, +86-10-6586-4790, or info@chinaholding.net, or
lujulianna@yahoo.com; or Jack Marks, Chief Executive Officer of Wall Street
Reporter, Inc. (New York) for China Holdings, Inc., +1- 212-363-2600