Wind Energy: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

CNW Signs EPC Contract with Ming Yang Wind Power

Source: www.gulfoilandgas.com 8/17/2011, Location: Asia

Share |

China Wind Power International Corp. (CNW), an independent wind power producer in China, announced that it has signed an engineering, procurement and construction (“EPC”) contract with China Ming Yang Wind Power Group Limited (MY) (“Ming Yang”), a world-leading manufacturer of turbines in China, and has commenced its 198 MW Phase III wind farm project, consisting of four wind farm projects each with total output of 49.5 MW. Under the terms of the EPC contract, Ming Yang will deliver and install 132 1.5 MW wind turbines as well as provide engineering and construction management for the 198 MW wind farm project.

“The commencement of Phase III, along with the signing of an EPC contract with Ming Yang, is a critical next step towards our objective of fully developing our wind resource in Du Mon County,” said Mr. Jun Liu, Chief Executive Officer of China Wind Power. “In particular, our new arrangement with Ming Yang enables us to access advanced turbines that are ideally suited for China’s specific wind and weather conditions. Just as significant, our contract provides us favourable financial terms with no immediate impact on our working capital.”

“The signing of the EPC contract with China Wind Power is another successful application of our new business model,” said Mr. Chuanwei Zhang, chairman and CEO of Ming Yang commented, “Ming Yang’s EPC total solution and customized product offering together with the abundant wind resource obtained by China Wind Power will help to promote a win-win outcome, helping Ming Yang to expand its market share and China Wind Power to accelerate development of its wind resources.”

Phase III consists of four wind farms located in Du Mon County, Heilongjiang Province, China, adjacent to the Company’s Phases I and II and shares the same wind resource. The project is expected to be completed by the end of the second quarter of calendar 2012 and to generate approximately 400 million KWh per year or 244 million RMB (approximately C$37 million) annually once the wind farms are in full production. As announced previously, China Wind Power has completed Phase I of the five planned Phases of development. Phase II, which will have a total capacity of 49.5 MW, is currently under construction and is expected to be completed by the end of calendar 2011.

Wind Energy News in China >>

Japan Stock Movements in December 2014
Japan >>  12/22/2014 - In Japan, total commercial oil stocks rose by 6.3 mb in October for the third consecutive month. At 179.3 mb, Japanese commercial oil inventories are ...
Asia Oil Demand in December 2014
India >>  12/20/2014 - In October 2014, India’s oil demand declined y-o-y by around 35 tb/d or 1.0%. In the transportation sector, gasoline usage grew; similarly, LPG usage ...

China Economy in December 2014
China >>  12/18/2014 - Chinese economic activities continue to lose momentum. Fixed investment, industrial production, retail sales and new loan growth all slowed in October...
2H Offshore to Deliver Conductor-Supported Platform to Malaysia
Malaysia >>  12/16/2014 - 2H Offshore, an Acteon company, will deliver a lightweight conductor-supported platform for EQ Petroleum Developments Malaysia Sdn Bhd for installatio...

Russia Economy in December 2014
Russia >>  12/15/2014 - In November 2014, the ruble experienced its steepest depreciation since January 2009. It fell nearly 13% last month compared to the US dollar. This me...
Swiber Wins $710 Million EPCIC Contract in West Africa
Singapore >>  12/15/2014 - Swiber Holdings Limited (Swiber), a leading global provider of integrated offshore construction and support services to the oil and gas industry, has ...



Related Categories: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 

Related Articles: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 


China Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 |

More News

Oil & Gas Companies in China >>

Related Links

Countries Quick Links

AZ BD BN CN GE ID IN IR JP KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed