08 March 2012 06:04 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Sinohydro Renewable Energy plans to start up a 50MW photovoltaic project in late 2012, a company source said on Thursday.
Construction of the project, which is located in Gansu province at northwest China, began at the end of February this year, the source added.
Commercial operations at the project are expected to start by the end of this year, the source said.
“The 50MW project is the first phase and we will achieve a total capacity of 150MW [at the project],” said the source in Mandarin.
The project will require a total investment of yuan (CNY) 621m ($98m), according to the source.
Sinohydro Renewable Energy is a subsidiary of the Power Construction Corp of China.
($1 = CNY6.31)
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