China Northern Locomotive and Rolling Stock Industry (Group) Corporation would invest another six billion yuan (about US$882.4 million) in western China's Xi'an city to build the largest wind power facility research center, the company has said.
According to the agreement between the company and the municipal government of Xi'an of Shaanxi Province, four billion yuan will be invested first in six wind power product manufacturing projects, which are scheduled to be completed in 2011.
The second phase involves an investment of two billion yuan to build railway transportation and develop wind power system by 2015, according to the agreement.
The company has invested one billion yuan and developed six projects in the city since 2000, said the company.
(Xinhua News Agency February 9, 2009)
