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The first phase of the project has a 1.5MW wind power generator production capacity of 1,000 units, with an investment of CNY 360 million. And the second phase will reach a 2.6MW wind power generator production capacity of 1,500 units, said Zhu Xufeng, an official from the Yinxing Development Zone.
China Guodian will pump CNY 9 billion into the project, and CNY 8 billion of it will be used in the solar power project.
Besides, China Longyuan Power Group Corporation Ltd., another subsidiary under China Guodian, plans to start an IPO on the Stock Exchange of Hong Kong, with a total fundraising of USD 1 billion. And it is expected to kick off share trading in December 2009, said the Dow Jones Newswires.
Source: www.163.com (October 20, 2009)
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