By Lu Haoting (China Daily)
Updated: 2008-01-09 16:38

Gerald Page, Han Wind Energy Corporation's CEO. His company plans to construct a 50 MW wind power project in North China's Inner Mongolia Autonomous Region this year.[China Daily]

Han Wind Energy Corporation plans to construct a 50 MW wind power project in North China's Inner Mongolia Autonomous Region in 2008, said the company's CEO Gerald Page at the China-US Clean-Energy Forum opened in Beijing today.

The project will involve a total investment of $78 million, Page said.

The company is also awaiting for approval for a follow-on 250 MW project, which needs an investment of $425 million, in Inner Mongolia 

Page said Han Wind is talking with two State-owned utility companies and one local Chinese firm in the autonomous region to jointly carry out the project.

Han Wind was funded by DGM Bank & Trust Inc, an offshore bank located in Barbados, West Indies, and Azure International, a specialized advisory and investment firm focused on sustainable energy technologies.