
The Tibet Xinzhonggang Photovoltaics Company affiliated with the China Energy Foundation plans to invest three billion yuan RMB (439 million U.S. dollars) in a solar photovoltaic project in Lhasa, capital of Tibet.
The plan has been submitted to the Tibet Autonomous Regional Development and Reform Commission for examination and approval, according to the Lhasa City Business Invitation Bureau.
An official of the bureau said, "With Tibet's rapid economic and social development in recent years, its electricity supply can not meet the ever-increasing demand. This year in particular sees a more acute electricity shortage."
He added that upon completion, the power station covering an area of 40-ha will have a generating capacity of 30,000 kw.
It will not only increase the electricity supply for Tibet, but also help make better use of the abundant solar energy resources and protect the environment in the region.
Source: Xinhuanet
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