China Huadian, Lion Int'l Investment to build 1-GW solar thermal power plants in Friday, December 18, 2009 4:45 AM
BEIJING, Dec. 18, 2009 (Xinhua News Agency) -- China Huadian New Energy Development Co. Ltd. will partner with Lion International Investment Ltd. to build 1 GW solar thermal power plants in Gobi Desert area of Qinghai, northwest China.
The projects are expected to involve billions of yuan in investment and highlight China's ambition to develop solar thermal power in the future.
Located in Geermu of Qinghai province, the large-scale solar thermal power units would cater to the area's industrial users, in addition to augmenting the power grid network.
Geermu is forecasted to demand 12 billion kWh of electricity in the 2011-2015 period, due to the introduction of salt chemical, petrochemical, metallurgical, and special light industrial projects.
Geermu boasts 620,000 square km of desert area available for the development of solar power (OTCBB:SOPW) plants and an annual 3,200 to 3,600 hours of sunshine.
China Huadian New Energy Development is a subsidiary of the power generation group China Huadian Corporation, and Lion International Investment Ltd. is a subsidiary of Australian oil and gas (OTCBB:AOGC) developer Lion Energy Limited (LIO.ASX).
