logo


China Wind Power International Corp. Provides Update on First Two Wind Farms
Tuesday, August 18, 2009 7:00 AM


TORONTO, Aug. 18 /CNW/ - China Wind Power International Corp. (TSX-V: CNW) ("China Wind" or the "Company"), today provided an update with respect to its first two wind farms ("Wind Farm (number sign)1" and "Wind Farm (number sign)2" ). As at July 31, 2009, Wind Farm (number sign)1 has generated and sold more than 13.9 million KWh of electricity to the power grid. 36 wind turbines are now installed in the two wind farms, representing capacity of 52 MW, of which 20 wind turbines had been connected to the power grid and are in trial production.

The Company also announced that the audited annual financial statements of Daqing Longjiang Wind Power Co., Ltd. ("Longjiang"), a company now effectively governed and administered by China Wind including entitlement to the economic benefits derived, have been filed on SEDAR under China Wind Power International Corp. Longjiang's fiscal year end was March 31, 2009.

For more information on Longjiang, please refer to China Wind's news release dated August 4, 2009 titled: "China Wind Power International Corp. Completes $27.3 Million Financing and Amalgamation with Berkshire Griffin Inc." or refer to the Company's circular dated June 3, 2009 available on SEDAR.

About China Wind Power International Corp.

China Wind Power International Corp. is an Ontario company that is uniquely positioned to capitalize on the demand for wind power in China. The Company indirectly holds the exclusive rights for wind energy development in Du Mon County, a favourable location for wind power generation.

Du Mon County is located in the center of "Harbin - Daqing - Qiqihar Industry Corridor" in Heilongjiang Province. Recently completed wind assessment studies in Du Mon County demonstrated potential installed capacity of 860MW of wind energy developable over an area of 220 square km, with wind power density of 300-450 Watts per square meter. While 860 MW represents the Company's long-term potential for wind power in the area, its current plans are for building out eight wind farms representing capacity of 546 MW over five development phases. The Company is currently constructing its first two wind farms, representing aggregate capacity of 98.5MW.

Forward-looking statements

This press release contains forward-looking statements, within the meaning of applicable securities legislation, concerning China Wind's business and the markets in which it operates. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". These forward looking statements are based on current expectations, and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and China Wind assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
(Source: CNW )


(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

  
Related Press Releases
Advertisement
Popular Articles
Advertisement
Partner Center
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia