The agreement encompasses three projects in total, with the first project planned for Sijianfang located in the Taobei district of Baicheng where the total planned installation capacity is 200MW and construction is slated to start by June 2010. If the project is completed, the expected potential value of orders could exceed $137.6m.
The second project is in an area known as the Private Development Zone of Baicheng where the total planned installation capacity is 100MW and, if completed, could have an expected potential value of orders in excess of $68.8m. The project is undergoing an approvals process spearheaded by the Minkai District Tonghe Merchants Corp, which aims to have the requisite permitting completed by April 2010.
The company has an agreement with the Management Commission of the Taonan Economic Development Zone located in Taonan of Baicheng that provides for GC China introducing a glass fabric reinforced plastic manufacturer of turbine blades into the Taonan District in 2010.
Based on this, the commission will commit to offer 500MW of wind farm resources to the company, which could have an estimated potential value of orders in excess of $344m. The wind farm project is slated to commence construction in 2011.
