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Datang and KEPCO team up to build two wind projects
1 November 2008
China's biggest electric power company, China Datang, is building two wind projects totalling around 100 MW in partnership with Korea Electric Power Corporation (KEPCO). Under the deal, announced in late July, Datang has a 60% stake in the projects, both in China, while the Korean firm has 40%. Construction is already underway on the projects, which involve 50 MW in Inner Mongolia, and 49.5 MW Gansu province. They are being developed on a build, own and operate basis, with the deal committing KEPCO to a 20-year operation agreement. Total capital investment in the projects is estimated to be around $150 million, with KEPCO providing $20 million of that. Additional details will be determined through further negotiation with China Datang, says the Korean company.
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