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With a zero-tariff system fundamentally in place after the independent customs operation, high-quality global resources can flow into Hainan with greater freedom and efficiency, Wu said. Trade liberalization and facilitation are defining features of a free trade port.
On June 10, 2021, the 29th meeting of the Standing Committee of the 13th National People's Congress passed the Hainan Free Trade Port Law of the People's Republic of China, which determined to establish and improve the Hainan Free Trade Port customs supervision special zone system with closed-off customs operations on the entire island.
In April 2018, China announced a decision to develop Hainan into a pilot free-trade zone while gradually exploring and steadily promoting the establishment of an FTP with Chinese characteristics. In June 2020, a master plan was unveiled to build the island into a globally influential and high-level FTP by the middle of the century.
BEIJING, Aug. 8 -- China's Hainan Free Trade Port (FTP) is set to launch an island-wide independent customs operation on Dec. 18, 2025, underscoring the country's wider push for high-standard opening up.
The Juba Solar Power Station is a proposed 20 MW (27,000 hp) solar power plant in South Sudan. The solar farm is under development by a consortium comprising Elsewedy Electric Company of Egypt, Asunim Solar from the United Arab Emirates (UAE) and I-kWh Company, an energy consultancy firm also based in the UAE.
Most of the electricity in the country is concentrated in Juba the capital and in the regional centers of Malakal and Wau. At that time the demand for electricity in the county was estimated at over 300 MW and growing. Nearly all electricity sources in the country are fossil-fuel based, with attendant challenges of cost and environmental pollution.
The solar farm will have an attached battery energy storage system rated at 35MWh. The off-taker is the South Sudanese Ministry of Electricity, Dams, Irrigation and Water Resources, represented by South Sudan Electricity Corporation, the national electric utility parastatal company.
This power station is an attempt to (a) diversify the country's generation mix (b) increase the country's generation capacity and (c) increase the number of South Sudan's homes, businesses and industries connected to the national grid. The power station is reported to cost an estimated US$45 million to construct.
