GC China Turbine Corp. (GCHT.OB) Signs Agreement to Develop Wind Farm in Mongolia
GC China Turbine Corp., the Wuhan City, Hubei Province-based developer of next generation, 2-blade wind turbines incorporating proprietary technology (which makes them renowned for low-cost and reliability), announced a cooperation agreement today with Inner Mongolia-based Fengshuo Wind Power Co., Ltd to develop a 300-MW wind farm for regional power generation. The cooperation agreement was signed January 30, 2010, and is now being rapidly implemented. The development of this facility will require the purchase of many of GCHT’s turbines. The decision to move forward comes after successful acquisition by Fengshuo of a Consent Letter from the Alukeerqinqi Development & Reform Bureau…