Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Jilin Power to Buy Wind Companies for $27.5 Million

Jilin Power Share Co., a Chinese electricity generating company, will pay 183 million yuan ($27.5 million) to buy two wind power developers from Mengdong Century Concord New Energy Co.

The companies, Mengdong Century Concord First Wind Power Co. and Mengdong Century Concord Second Wind Power Co., each have a 49.5-megawatt wind farm in Jilin province, Jilin Power said today in a filing to the Shenzhen stock exchange. The wind farms, which will be paid a tariff of 0.58 yuan a kilowatt-hour, will start operating by the end of this year.

Both companies will be wholly owned by Jilin Power once the deal is completed.

Mengdong Century Concord New Energy is a wind project developer and a unit of China Power Investment Corp., which is a major shareholder of Jilin Power.

The acquisition will increase Jilin Power’s clean energy capacity by 50 percent to 297 megawatts, it said.

The company, whose shares have declined about 22 percent this year, in September acquired two operating wind farms in Jilin.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.