Hong Kong-based regional power utility CLP Holdings is investing 413 million yuan (US$ 51.6 million) in minority stakes in four Chinese wind farms.
CLP's holdings in the plants, which will have 141MW of generating capacity and total investment of 1.3 billion yuan, range from 24.5 to 45 percent. All the projects should be operating within a couple of years, with the first of two in eastern Shandong province running within months and the last one generating power by 2007. The other projects are in southern Guangdong and northeastern Jilin provinces. Huaneng Group, parent of listed Huaneng Power International Inc. , has a majority stake in three of the ventures. Datang Group, parent of listed Datang International Power Generation Co. Ltd., controls the fourth.