Realty Tiger to be Tamed

CHENGDU, Jan. 7 -- Chengdu, the capital of Sichuan Province, plans to increase its investment in five clean-energy industries in the next three years and hopes to reap RMB 55 billion in sales revenue from the proposed projects in 2012, said Leng Zhiyong, deputy director of the Chengdu Municipal Economic Committee.
In 2012, the city's clean-energy projects, which will receive investment exceeding RMB 20 billion in total, are expected to record core business revenues of RMB 30 billion in the photovoltaic field, RMB 4 billion in the nuclear field, RMB 8 billion in the wind power field, RMB 5 billion in the clean-energy auto field and RMB 8 billion in the field of solid-state lighting.
According to the plan, the clean-energy industrial center of Chengdu will be located in Shuangliu County, and Xinjin County will be principally engaged in the development of polycrystalline silicon. Longquanyi District is expected to produce clean-energy vehicles.
Chengdu Hi-Tech Industrial Development Zone and Pixian will jointly develop solid-state lighting products.
In addition, the city is in the initial exploration stages of developing electrical autos and hopes to build charging centers, repair factories and service stores, sources reported.
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