CECEP Wind-Power Corporation Co Ltd, has agreed to form joint venture with Qinghai Mingyang New Energy Co. Ltd. The joint venture company will be named as Haofeng Yang New Energy Power Generation Co. Ltd. The registered capital of the joint venture company will be CNY 1 million (USD 0.15 million). CECEP Wind-Power will hold 90% stake in the joint venture company and the remaining 10% will be held by Qinghai Mingyang New Energy.