(Yicai Global) Sept. 20 -- SPIC Shijiazhuang Dongfang Energy Corp [SHE:000958] has signed a cooperation framework agreement with Pingshan county government in China's northern Hebei province for the CNY800-million (USD122-million) first-phase development of a wind farm with an initial capacity of 100 megawatts, the company said in a press briefing on Sept. 19.

The second phase will push total investment to CNY1.7 billion and raise the overall installed capacity to 200 megawatts.

The terms of the agreement dictate that Pingshan County may not invite other organizations or individuals to develop wind farms in the area for a period of one year.