China Technology Development Group (CTDC) to Build 30MW On-Grid Solar Power Station in Qaidam Basin
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China Technology Development Group Corporation (Nasdaq: CTDC) announced that the Company and Qinghai New Energy Group Co., Ltd 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.
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.
China Technology Development Group Corporation provides solar energy products and solutions in China.
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