威尼斯人贵宾会

PRESS

2008-01-11

Undertake the Second Wind Farm Project Together With Shanghai Shenhua Holdings

On 9 January 2008, China WindPower Group and Shanghai Shenhua entered into the CWP DEVELOPMENT JV Contract to jointly establish the CWP DEVELOPMENT JV at Zhangwu, Liaoning of the PRC to undertake wind farm projects in the area. That is the second cooperation with Shanghai Shenhua Holdings Co., Ltd to operate the wind power project.
Pursuant to the CWP DEVELOPMENT JV Contract, both parties will jointly establish a sino-foreign equity joint venture limited liability at Zhangwu, Liaoning of the PRC under the name of “Liaoning Shenhua Xiehe Wind Power Investment Limited” to develop wind farm projects in the area.Registered capital of CWP DEVELOPMENT JV is HK$168 million and total investment is HK$500 million. Each of Shanghai Shenhua and China WindPower Group shall hold respectively 51% and 49% equity interest.
Shanghai Shenhua Holdings Co., Ltd, an investment holding company whose shares are listed on the Shanghai Stock Exchange.

Our group sees a great potential in the wind power business in the PRC due to the more favourable government policy on clean energy and the growing demand for electricity in the PRC. Through the establishment of the abovementioned joint venture company, the Group is able to expand its wind power business in the PRC and strengthen its revenue streams.

XML 地图 | Sitemap 地图