China Power Investment Wins Seven Solar Projects, Securities Journal Says

Aug. 31 (Bloomberg New Energy Finance) -- China Power Investment Corp. has won bids for seven solar concession projects, China Securities Journal reported, without saying where it got the information.

Huanghe Hydropower Development Co., a unit of China Power Investment, won the right to build the 30-megawatt Gonghe solar power plant in Qinghai province with a bid of 0.73 yuan (11 cents) a kilowatt-hour, the lowest in the tender for 13 solar projects. Telephone calls to China Power Investment’s media relations office in Beijing seeking comment went unanswered.

China is using a bidding system to grant concessions to build and run solar plants after tenders for such projects were introduced last year. Xinjiang Energy Co., another unit of the Chinese state-owned utility, was awarded the concession to develop the 20-megawatt Hetian plant in Xinjiang Uyghur Autonomous Region with a bid of 0.99 yuan a kilowatt-hour.

A group led by state-owned developer China Guangdong Nuclear Energy Development in June 2009 won the bid for China’s first solar concession, a 10-megawatt project in Dunhuang, with a price of 1.09 yuan a kilowatt-hour. The government started the current bidding process for the second batch of photovoltaic concessions in June this year.

• Tweet
• More
  • Business Exchange
  • Buzz up!
  • Digg
• Print
• Email