CHINA WIND POWER RECEIVES APPROVAL TO CONSTRUCT FOUR NEW WIND FARMS WITH 198 MW OF TOTAL CAPACITY

- To become one of the largest independent producers in China upon completion -                   

TORONTO, April 19 /CNW/ - China Wind Power International Corp. (TSX-V: CNW) today announced that it has received final government approval for the construction of four new 49.5 MW wind farms totaling 198 MW.  The 198 MW represents Phase III of China Wind's five phase plan to build out approximately 800 MW of wind generated electrical power.  The final approval includes all required environmental and state grid connection approval as well as permits required to construct and operate a wind farm in China.

"We are very pleased to receive regulatory approval to further develop our wind farm project in Du Mon County" said Mr. Jun Liu, China Wind's Chief Executive Officer. "The approval to move forward with construction and development of Phase III provides further evidence of China's clear commitment to wind energy power, and represents our most significant milestone to date."

The four new wind farms are located in Du Mon County, Heilongjiang Province, China, adjacent to the Company's Phases I and II, and share the same wind resource and experience the same wind speed and density.

China Wind is currently finalizing the construction and supply agreements for Phase III with a major international wind turbine manufacturer. The agreement will not only give China Wind access to leading wind turbine technology with no upfront capital requirements, but will also provide a clear path for the construction and commercialization of Phase III and its 198 MW of capacity by the end of calendar 2012.

China Wind expects to begin construction of Phase III before the start of the third quarter of the current calendar year, and expects initial commercialization to begin by the end of calendar 2012.  With the addition of Phase III, China Wind will produce approximately 300 MW of wind generated electricity, making it one of the largest independent wind power producers in China.

Mr. Liu went on to say, "With the final approval for Phase III granted, we look forward to the next step of developing our wind resource further.  The fourth phase of our project consists of approximately 300 MW and is currently in the approval process. Upon completion of the fifth and final phase, we will have capacity to produce 800 MW of renewable wind energy."

About China Wind Power International Corp.
China Wind Power International Corp. is an Ontario company that is uniquely positioned to capitalize on the growing demand for wind power in China.  The Company indirectly holds the exclusive rights for wind energy development in Du Mon County, Heilongjiang province, which has a demonstrated potential installed capacity of 1,150 MW of wind energy developable over an area of 612 square km.  While 1,150 MW represents the Company's long-term potential for wind power in the area, its current plans are for building out approximately 800 MW over five development phases.  The Company's common shares are listed on the TSX Venture Exchange under the symbol CNW. The Company has approximately 63.9 million shares outstanding.

Forward-looking statements

Certain statements that are not historical facts made in this press release may be forward looking statements subject to risks and uncertainties. Statements containing words such as "will", "could", "expect", "may", "anticipate", "believe", "intend", "estimate", "plan" and other similar expressions are forward-looking statements that represent management's beliefs at the time the statements are made and are based on certain factors and assumptions including wind farm construction and commercial production schedule, output and capacity, revenue and earnings expectations and market potential. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events to differ materially from those projected in forward-looking statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties involving the availability of financing; fluctuations in currency exchange rates; uncertainties relating to economic and market conditions; uncertainty of estimates of capital and operating costs;  the need to obtain additional financing to develop the projects and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in the information circular dated May 29, 2009 relating to the Company's reverse take-over with Berkshire Griffin Inc., which is available at www.sedar.com under the Company's profile. Except as required by applicable securities laws, the Company undertakes no obligation to update any forward looking statement to reflect events or circumstances after the date on which such statement is made.

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 China Wind Power International Corp.

For further information:

Wendell Zhang
Chief Financial Officer
China Wind Power International Corp.
Tel: 416-916-4205
Email: wzhang@chinawindpowerinternational.com
Joe Racanelli
Investor Relations
TMX Equicom
Tel: 416-815-0700 ext 243
Email: jracanelli@equicomgroup.com 

For more information and the latest updates on China Wind Power, visit our investor relations blog at http://chinawindpower.posterous.com or follow us on Twitter at http://twitter.com/ChinaWindPower

 

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China Wind Power International Corp.

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