Overview
Far East Wind Power has entered into a binding Letter of Intent with Heilongjiang Ruihao Technology Group Co., Ltd. (“Ruihao”) of Daqing City, Heilongjiang Province, China (“Ruihao”) to acquire certain rights to a number of development stage wind farm projects located within the People’s Republic of China (“PRC”).
Far East and Ruihao aim to develop several wind farms and the proposed venture is collectively known as the Ruihao Project of which Ruihao currently owns or has exclusive access to substantial wind resources in Heilongjiang province and Jilin province.