FOSHAN, Jan 14, 2010 -- SinoCast Daily Business Beat
An official of the United Nations Industrial Development Organization Investment & Technology Promotion Office-China yesterday confirmed that China's first high-altitude wind power project would be settled in the southern city of Foshan, Guangdong Province, next week.
After the construction, the power generation here will be cost at CNY 0.22 per kilowatt-hours (KWH), compared with the province's average, CNY 0.36.
Charming by the abundant wind resources in China, the builder is much confident of completing this project. According to its work procedure, a kind of special kite will be flied in the sky, generating the mechanical energy via extension. Ultimately, the mechanical energy will be transformed into electric power through generators.
PreIPO Capital Partners agrees to invest CNY 50 million in the Foshan-based project, and the rest will be burdened by some local companies and the government of Nanhai District, Foshan.