The project, invested by China Longyuan Power Group, a subsidiary of China Guodian Corp., is planning to invest 4 billion yuan (US$585 million), 400 million yuan of which will be expensed in the first phase.
Longyuan Power affiliated to China Guodian Corporation, one of the national power producers, signed the contract with Golmud's government to cooperatively construct the 200MW solar power project.
The first phase with an annual production capacity of 36 million kwh is expected to enter production in September, 2010. Every year, it will save 12,500 tons of coal and reduce emissions of carbon dioxide and industrial dust by 6,067 tons and 175 tons, respectively.
Golmud, situated in the Qaidam Basin, is rich in solar power resources, reports TradingMarkets.com. It has an annual duration of sunshine of 3,300 hours, which is one of the highest in China, serving as great potential for photovoltaic power generation.
TheBioenergySite News Desk