firm to invest $1.5bn in wind energy.......
: One of China’s top heavy machinery manufacturer plans to invest US $1.5bn in development of wind energy in
. In collaboration with the Punjab Board of Investment and Trade (PBIT), the company’s representatives are visiting various sites for wind farms these days, according to a press release issued here on Friday.
“Our company continues to make sustainable efforts to develop business in Punjab’s emerging economy,” Ryan Zhao, a top representative of Sany Group, said after visiting the PBIT to discuss his organisation’s plans and further procedure to initiate projects with the Punjab Power Development Board (PPDB).
The PBIT has shared renewable energy mapping report, prepared by the World Bank, with the group to identify sites for wind energy projects. The group has already selected two sites for wind mast installation and submitted land application letter with the geographical coordinators of selected sites.
The Sany Group is the fifth largest construction machinery producer in the world and number one in China.
