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GCL Group, China Minsheng to fund power stations

GCL Group, the world's biggest maker of polysilicon, said that it will create a 10 billion yuan ($1.6 billion) fund jointly with China Minsheng Investment to develop the solar energy and natural gas industries. Zhu Gongshan, chairman of GCL Group, said the cash fund will be used to develop a terminal station for natural gas and natural-gas-fired generation systems as well as a solar power station.

Outdated aluminum factories expected to close down