CBD Energy to form joint venture with two Chinese firms

CBD Energy is finalising its joint venture with  China’s China Datang Renewable Power and Tianwei Baobian Electric.

It is on the verge of signing a contract that will create a new company named AusChina Energy Development Limited, which will be joined to the AusChina Energy Development Trust.

AusChina Energy Development aims to establish itself as a leading name in the Australian energy market by developing US$6.33 billion of renewable energy projects over the next eight years. CBD will release more details about the joint venture after documents are completed and signed on April 18.