U.S. President blocks China’s wind turbines plans in Oregon![]() September 29, 2012 - 13:14 AMT PanARMENIAN.Net - U.S. President Barack Obama has stopped a Chinese company from building wind turbines in the US state of Oregon, citing national security concerns, his administration said. Ralls Corp, a private Chinese firm, had acquired four wind farm projects near a U.S. naval facility earlier this year. This is the first foreign investment to be blocked in the U.S. for 22 years. It comes as the U.S. lodged a trade dispute against China just weeks ahead of November's presidential election. The move forces Ralls Corp to divest its stake in the projects, which were located near restricted airspace used by the military base. The president's order came after an investigation into the wind farms by the US Committee on Foreign Investments (CFIUS) said there was no way to mitigate the national security risks posed by the Chinese company's plans. The White House order said: "There is credible evidence that leads me to believe that Ralls Corporation... might take action that threatens to impair the national security of the United States." The order also targeted Sany Group, the company that makes the turbine generators. The military has said it uses the Oregon base to test unmanned drones and other equipment for electronic warfare. The aircraft fly as low as 200ft (60m) at speeds of as much as 300mph (500km/h). Partner news The bomber set off his explosives outside the gate of the United Nations Development Program base before attackers ran inside. Hamid Karzai accused Washington of mixed messages regarding peace talks with the Taliban, his spokesman said. The deal is estimated at $700mln-$1bln, Vedomosti newspaper reported citing sources in the Russian defense industry. Ahmadinejad will be replaced by Hassan Rowhani as president on August 3 following presidential elections last week. Partner news |