2008-05-06
Our company has signed a letter of intent with Shanxi Zhangze Electric Power Co., Ltd. (山西漳澤電力股份有限企业) (a branch of China Power Investment Corporation) to jointly develop, construct and operate a wind power project in Yihemei, Wuchuan county in Inner Mongolia . Shanxi Zhangze will hold 51% equity interest in the joint venture; while our company will hold the remaining 49%.
Shanxi Zhangze is mainly engaged in power generation and its shares are listed on the Shenzhen Stock Exchange since 1997.
The project has a total installed capacity of 300MW, and phase 1 of the project’s capacity is 49.5MW .