China Wind Power International Co Ltd, which was listed on the Toronto Venture Exchange, said in an update on its project pipeline in Du Mon County, Heilongjiang Province, including its Sino-Danish project, has been identified by the Heilongjiang Province Development and Reform Commission as one of the key development areas in the province.
China Wind Power has filed the final application for its Sino-Danish project, which is expected to have an installed capacity of about 200 MW when completed, according to the statement.
"Heilongjiang government set up a magnificent goal for wind power development and has put huge efforts to promptly carry out its Master Plan." said Mr. Jun Liu, Chief Executive Officer of China Wind. "We are pleased and proud to be part of these efforts and to be identified as one of the key wind power projects. With the priority given by the government, we expect to obtain the approvals for our Sino-Danish project soon."
The provincial government has also granted a subsidy totaling RMB 1 million to the company to support and encourage the development of is wind energy projects. In addition, the company has also been awarded an RMB 1.62 million subsidy from the Du Mon County Government for its achievement in improving its wind far control and monitoring systems.
Heilongjiang Province plans to build 2.4 GW wind capacity by 2010, 4.2 GW by 2015, and 7.2 GW by 2020, which will account for 20%, 25% and 30% of the total power generated in the province by then, respectively, according to the newly released Heilongjiang New and Renewable Energy Industry Development Plan.
