(Yicai Global) Jan. 4 -- Huolinhe Opencut Coal Industry Corp. of Inner Mongolia will invest CNY42.5 billion (USD6.2 billion) to build a 6 million-kilowatt wind power project in Ulanqab in China's wind-rich north-central Inner Mongolia Autonomous Region.

The firm's Chahar New Energy unit has received approval for the wind farm from Ulanqab Municipal Development and Reform Commission, the company announced yesterday.

Chahar New Energy will develop the plant in three bases in Siziwang Banner, Ulanqab, the announcement added.

Traditionally a coal and thermal power producer, Opencut Coal Industry has been undergoing a shift to the new energy business by developing wind power in recent years. 

The company constructed the 99.5-megawatt Qipanshan wind turbine installation in Jiaokou county in northwestern China's Shaanxi province, and the facility began to generate electricity a few days ago.

Editor: Ben Armour