He said few companies, including foreign ones, have shown strong interest in the solar project. An initial phase with capacity of MW would be built in a short period at of around billion yuan US162. 5 million, said Wang Genshu, chairman of the Inner Mongolia Ruyi Industry Co Ltd. Chinas major power companies have been ordered to ensure per cent of their electricity generators are fuelled by renewable energy sources such as wind and solar to generate electricity. At the beginning of the year the government passed the countrys first law on renewable energies.
Total investment would be about billion yuan US2. 5 billion, according to the company. He said few companies, including foreign ones, have shown strong interest in the solar project. Solarthermal technology, different from the morecommonlyused photovoltaic cells that directly turn light into electricity, needs water to generate steam for power production, and is cheaper in terms of construction costs, experts said. It has clinched deals to build similar plants in other places such as Spain and the United States. Officials from the countrys top five power companies, including Huaneng and Datang, were not available for comment.
Officials from the countrys top five power companies, including Huaneng and Datang, were not available for comment. An initial phase with capacity of MW would be built in a short period at of around billion yuan US162. 5 million, said Wang Genshu, chairman of the Inner Mongolia Ruyi Industry Co Ltd.
This is our pilot project in China consider this to be forwardlooking decision based on sharplyincreasing energy demand in the country, said Beltle. China is expected to become our largest market in three to four years. Analysts participating in the feasibility study said they had investigated three provinces in China, but finally selected Ordos in Inner Mongolia because of its water resources and abundant sunlight. Chinas major power companies have been ordered to ensure per cent of the total spending will be financed by investors, with the remaining coming from bank loans, Wang said.
Total investment would be about billion yuan US2. 5 billion, according to the company. Beijing aims to increase renewable consumption in the energy mix from the current per cent to per cent of the total spending will be financed by investors, with the remaining coming from bank loans, Wang said. The German energy firm signed framework agreement with its Chinese partner last month. China is expected to become our largest market in three to four years.
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