BEIJING, Oct. 28, 2009 (Xinhua News Agency) -- China's solar products and solutions provider the China Technology Development Group Corporation (NASDAQ:CTDC) (CTDC.Nasdaq) said that it is to buy a 51 percent stakes of China Technology Solar Power (OTCBB:SOPW) Holdings Limited (CTSPHL) through a stock purchase agreement.

The CTDC and CTSPHL will jointly develop a 100-MW solar power plant in Delinghua of northwest China's Qinghai province.

The CTDC aims to build itself into an integrated solar player with the capacity to design, build, and operate solar power plants.

Currently, CTSPHL is developing an on-grid 100-MW solar power plant in Delingha through a wholly owned subsidiary.

CTSPHL has gained a license from the local government to operate the first phase of the 100-MW solar power plant with 10 MW of capacity for 25 years.

Construction work for the first-phase project was started in September 2009 and is expected to be finished by the end of 2010.

The Qinghai provincial government is aiming to turn this province into one of China's major solar power bases.