Shen Bing looked calm. "It's fine. We shouldn't lose money on it, Mom. As long as you're happy."
That little bit of flattery dispelled the last of his mother's anger.
Mayor Tian and the others had much more complicated feelings. Shen Bing seemed to be paying a hefty price just to please Mom.
If Phantom Immortal Technology's Geothermal Power Station project went smoothly, the annual power supply would be staggering once it rolled out nationwide. Even a one-cent difference in the rate would mean tens of billions in profit, let alone this latest cut, which had slashed the price to rock bottom.
That was easily over a hundred billion a year gone.
But who knew what Shen Bing was really thinking?
To everyone else, Shen Bing was building and operating Geothermal Power Stations entirely at cost. Only he knew how much profit there would be.
The argument Mayor Tian had made at the start of his negotiations with President Zou happened to align with Shen Bing's thinking.
The lower electricity prices were, the more businesses, institutions, and individuals would be encouraged to use electricity. For all practical purposes, geothermal energy was inexhaustible, and the cost to Phantom Immortal Technology was almost negligible.
Since he could offset the lower electricity prices with greater power output, his total profit would not decrease and might even increase. Why set the price so high? Besides, more abundant energy at lower prices would accelerate the country's economic development, which was good for Phantom Immortal Technology too.
No company in the world developed in isolation. Only progress across society as a whole could create more wealth.
The three-party contract between Phantom Immortal Technology, the Rongcheng Municipal Government, and the Provincial Electric Power Company was finalized after an entire afternoon of discussion over the details.
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