Joint venture to develop Zhangwu 50 MW wind plant

China Wind Power, based in Hong Kong, has signed an agreement with Shanghai Shenhua Holdings Company to form a joint venture company that will develop a 50 MW wind farm in Zhangwu county, located in Northeast China's Liaoning province. Shenhua will hold the majority 51% stake in the Liaoning Shenhua Xiehe Wind Power Investment Company.