St can mountain 520 million investment wind power expansion Project

St can Mountain (000720) today, in order to further the use of wind energy resources to promote the development of wind power business, the company's holding subsidiary Shandong Huaneng Laizhou Wind Power Co., Ltd. to invest in the construction of wind power expansion project.　　Laizhou Wind power Expansion project for 33 sets of 1500KW wind turbine, installed size 49.5MW, the total project investment of about 521.825 million yuan, the company will be based on the progress of the project implementation of capital increase.　　Laizhou wind power is the main business for wind energy generation, registered capital of 90 million yuan, of which the St. can invest 72 million yuan, accounting for 80% of registered capital, Yantai Dongyuan Power Group Co., Ltd. 18 million yuan, accounting for 20% of registered capital. The announcement said that the Laizhou wind power expansion Project can further use wind energy resources, promote the development of wind power business, improve the company's wind power capacity, in line with the national key to nurture and develop new energy industry policy, conducive to the long-term development of the company.