CTDC To Build 30MW On-Grid Solar Power Station In Qaidam Basin
Hong Kong - China Technology Development Group Corporation, a provider of solar energy products and solutions in China focusing on a-Si thin film technology, announced that the Company and Qinghai New Energy Group Co., Ltd (``QNE'') have signed an agreement with local government of Qinghai Haixi Mongolian-Tibetan Autonomous Region to build a 30MW on-grid solar power station in Qaidam Basin of northwestern China. The signing ceremony was held at Xining, the capital city of Qinghai Province, and many important government leaders, including Mr. Luo Yulin, Vice Governor of Qinghai Province and Mayor of Xining, attended the event.
Under the agreement, CTDC and QNE will design, construct and manage the solar power station. The local government of Haixi Region will provide strong support to CTDC and QNE, such as helping them obtain various local and central government-backed incentives and providing land.
The installed power-generating capacity of the first phase of Qaidam solar power station came to 30 MW and the total long-term objective of the project came up to 1GW. The Qaidam solar power station, the first of its kind in China to integrate crystalline silicon and thin-film solar modules, will be the largest on-grid solar power station in China after full completion. CTDC and QNE will begin construction of the project in 2009 with initial investment of US$150 million.
With ample sunshine, vast desert landmass and broad power grids, Qaidam Basin is generally regarded as one of the optimal locations in China to build a large scale on-grid solar power plant. In 2005, Chinese government approved to establish Qinghai's Qaidam as a special Economic Experimental Zone to develop circular economy and renewable energy projects. Qaidam Circular Economic Experimental Zone is the biggest circular economic experimental zone in China, covering an area of 256,000 square kilometers.
``The ambitious plan to build such a large scale solar power plant is a significant step for Qinghai Province to develop and deploy solar energy by taking full advantage of our abundance in solar and desert resources of Qaidam Basin,'' commented by Mr. Luo Yulin, Vice Governor of Qinhas Province and Mayor of Xining. ``It also reflects the commitment by our government to meet the challenges posed by climate change with reliable and renewable energy.''
``With the recognition and commitment of the Chinese government to developing renewable energy technology, we expect that the domestic solar energy and application market will expand rapidly in the near future,'' commented by Mr. Alan Li, Chairman and CEO of CTDC. ``The signing of the Qaidam solar power plant project is another great milestone for CTDC management and shareholders. CTDC, along with our great partner QNE, will apply our combined experience and technology to ensure the successful launch of our initial 30MW project in 2009.''
SOURCE; Qinghai New Energy Group Co., Ltd and CTDC