CLP to Invest in New Wind Power Project in China
Date: 07-Jun-05
Country: HONG KONG
CLP Power Asia, which partners with China's largest power producer, China Huaneng Group, holds a 45 percent stake in the venture and will invest 165 million yuan (US$19.9 million) for the first phase of the project at Weihai in Shandong Province.
CLP said in a statement that the first phase of the wind power project has a generation capacity of 19.5 megawatt and is targeted for commission in 2006. CLP said the Weihai wind farm is expected to boost its generation capacity to about 150 MW eventually.
The firm's investment in the Weihai wind farm came after a 27 MW wind farm in Shandong's Changdao it built last December.
"We are delivering on our commitment to develop renewable energy," managing director of CLP Power Asia, Richard McIndoe, said in a statement.
CLP said it hopes renewable energy resources would represent about 5 percent of the group's total generating capacity by 2010.
(US$1=8.28 yuan)
