Jilin Power to Buy Two Mengdong Wind-Power Companies for $27.5 Million

Jilin Power Share Co. will pay 183 million yuan ($27.5 million) to buy two wind power operators from Mengdong Century Concord New Energy Co.

The two wind-energy companies each have 49.5-megawatt wind farms in Jilin province with a power purchase price of 0.58 yuan a kilowatt-hour, Jilin Power said today in a filing to Shenzhen’s stock exchange.

Both companies will be wholly owned by Jilin Power once the deal is completed, according to the filing.

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