China set for additional 1,650MW of wind power
INNER MONGOLIA - A Middle-Eastern investment fund is set to turn 2.2m sq metres of Mongolian steppe into a £1billion collection of five wind farms.
Arcapita Bank, a Bahrain investment firm, has acquired Chinese wind energy generation firm, Honiton Energy Holdings, which will spearhead the plan for the development.
The giant Inner Mongolian project will cover five different sites and generate around 1,650 MW of power, increasing ChinaÂ’s wind power generation from around 6,000 MW to 7,750 MW. Arcapita has linked up with Singapore-based Colossus Holdings for the project.
Related News
Hydro One delivery rates go up
THUNDER BAY - Hydro One seasonal customers will face bigger increases in their bills than the utility's residential customers as a result of an Ontario Energy Board approval of a rate hike.
Hydro One received permission to increase its delivery charge, retroactive to last year.
It says it needs the money to maintain and upgrade its infrastructure, much of which was installed in the 1950s.
The utility is notifying customers that new statements reflect higher delivery rates which were not charged in 2018 and the first half of this year, due to delay in receiving the OEB's permission.
The amount that customers' bills will increase by depends…
