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 #1" and "Wind Farm #2" ). As at July 31,
2009, Wind Farm #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
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.
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
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.
For further information:
For further information: Wendell Zhang, Chief Financial Officer, China
Wind Power International Corp., Tel: (416) 916-4205, Email:
email@example.com; Trevor Heisler, Investor Relations, The Equicom Group
Inc., Tel: (416) 815-0700 ext 270, Email: firstname.lastname@example.org