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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.

To contact the editor responsible for this story: Bloomberg News at gturk2@bloomberg.net

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