China WindPower (HKG:0182) agreed to buy wind power electricity generation equipment for the group's phase one development of its wind power project in Gansu province of 100MW for RMB542.32 million ($616.62 million).
The company will finance the purchase by internal resources and borrowings, China WindPower said in a statement.
It added that it is negotiating with the supplier to further buy wind power electricity generation equipment for its phase two wind farm project in Gansu province.
