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 Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

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 >>

Russia Economy in April 2014
Russia >>  4/17/2014 - Russia’s GDP growth in 4Q13 advanced by 2% y-o-y following 1.3% growth in the previous three months. The weaker rouble helped compensate for sluggish ...
CB&I Awarded CATOFIN Technology by Shandong Chengtai
China >>  4/15/2014 - CB&I has been awarded a contract by Shandong Chengtai Chemical Industry Co., Ltd. for the license and engineering design of a grassroots iso-butane de...

CB&I Awarded Contract for the South Caucasus Pipeline Expansion Project
Azerbaijan >>  4/14/2014 - CB&I has been awarded a contract valued in excess of $85 million by a consortium led by BP for engineering and project management services for the dev...
FMC Awarded $322m Contract for BP's Shah Deniz Stage 2 Project
Azerbaijan >>  4/14/2014 - FMC Technologies, Inc has received an order from BP to supply subsea systems for its Shah Deniz Stage 2 project in the Caspian Sea. The order has an e...

Shah Deniz Awards $750 million Contracts for Stage 2
Azerbaijan >>  4/10/2014 - The Shah Deniz consortium is pleased to announce that the Stage 2 project continues to progress on schedule with further major construction and supply...
China Oil Demand in March 2014
China >>  4/7/2014 - China’s oil demand continued its increasing trend with January 2014 growth of around 3% y-o-y. This was largely determined by rising gasoline, LPG, je...



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 |


More News

Oil & Gas Companies in China >>

Related Links

Countries Quick Links

AZ BD 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 E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us