China Power to spend $4bn on renewable energy

China Power International, helmed by the daughter of former Premier Li Peng, plans to spend up to $4 billion by 2010 developing renewable energy as Beijing pushes to clean up its air and water and whittle down its reliance on imported resources.

By 2010, China Power International plans to put into operation 1,000 megawatts (MW) of renewable energy capacity including wind, hydropower and biomass have another 1,000 MW under construction and have a further 1,000 MW in the pipeline.

thenews