Dragon Power gets USD4bn for biomass plants

Wed Mar 17 2010, 10:55 AM

China’s Dragon Power has secured a CNY28bn (USD4.1bn) credit line from China Construction Bank to finance biomass energy projects. The firm plans to build 100 facilities in China over the next five years, to add to the 19 it already operates in the country. The new plants will have a combined capacity of 3GW.

Earlier this month, China Construction Bank offered a USD1.5bn credit facility to Shenzhen Goch Investment, USD300m of which will be used in its joint venture with electric vehicle charging firm, ECOtality.