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November 26, 2012
05:48 EDTMYChina Ming Yang Wind Power signs financing framework agreements
China Ming Yang Wind Power Group announced that Guangdong Mingyang Wind Power Industry Group Limited, a subsidiary of Ming Yang, has entered into a financing framework agreement with Reliance Power Limited, both in capacity under development as well as market capitalization, and China Development Bank Corporation, a government policy bank wholly owned by China's central government, under which CDB is expected to act as the coordinating bank and lead potential lender for renewable energy projects in India to be jointly developed by Ming Yang and Reliance Power.
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