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Ten industrial projects, each with an investment of more than 10 million yuan, are undergoing construction in the Pingdingshan high-tech industrial development zone. The overall investment totals 1.16 million yuan. Work valued at 1.19 million yuan was completed from January to September.
Among these investments, the Pingdingshan high-tech industrial development zone cooperated with Toshiba Corp, one of the world's Fortune 500 companies, to conduct an electric transmission and transformation equipment project. Toshiba invested $50 million on this project.
The high-tech zone also partnered with Yicheng New Materials Corp to build a 300-megawatt solar power project with an investment of 400 million yuan. After completion of this project, its annual sales revenue will reach 3.45 billion yuan and tax revenues collected will total 270 million yuan, officials said.
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