Economy

Markets

Industries

Insights

Reports

Events

Xi'an to build giant wind power facility R&D center

(Xinhua)
Updated: 2009-02-09 10:39

China Northern Locomotive and Rolling Stock Industry (Group) Corporation would invest another six billion yuan ($877 million) in Xi'an to build the country's largest wind power facility research center.

Related readings:  Investment in nuclear and wind power soaring  Energy: Investment in nuclear and wind power soaring  Nuclear and wind power get energy subsidy

According to an agreement between the company and the municipal government of Xi'an of Shaanxi Province in North China, four billion yuan will be invested first in six wind power product manufacturing projects, which are scheduled to be completed in 2011.

The second phase involves an investment of two billion yuan to build railway transportation and develop wind power system by 2015, according to the agreement.

The company has invested one billion yuan and developed six projects in the city since 2000, said the company.