Three Gorges invests US$57m in Cixi wind project

HUBEI, April 3 — China Three Gorges Project Corporation (CTGPC) has signed a contract with Cixi Wind Power Co. to build a co-invested 49.5MW wind power project. The New Energy Development Co., under CTGPC will control 75% share of the project according to the contract.

With a total investment of RMB460 million (US$57 million) and equipped with 33×1.5MW wind turbine units, the project is scheduled to launch in this year and will be operational in 2007.

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