Yesterday, Erehot Changfeng Xiehe Wind Power Development Limited, a company invested by China WindPower Group, received the official “Certificate of Foreign Project By State Industrial Policies” from Inner Mongolia Development and Reform Commission. The certificate is to confirm that the 20 MW wind power project meets all the requirements of state industrial policies. More than that, the certificate is also a permission to apply VAT rebate from purchasing China-Made equipments.
The total investment of the project is RMB 215.47 million, and the registered capital is RMB 76 million. The total investment to purchase China-made equipments is RMB 157.021 million which means VAT rebate will be about RMB 22 million.