Updated on Aug 12, 2008 – SCMP
Huadian plans wind-power venture with sister company
Huadian Power International Corp, a unit of the mainland’s fourth-biggest electricity producer, will form a wind-power joint venture with a unit of its parent China Huadian Corp to tap the nation’s rising demand for clean energy. Huadian Power would have a 75 per cent stake and Huadian Hong Kong 25 per cent in the venture with an investment of 485.6 million yuan (HK$553.8 million), the Beijing- based company said in a filing with the Hong Kong stock exchange yesterday. The venture would build and operate the Phase I Inner Mongolia Yihetala Wind Power Project, the statement said. Bloomberg