TORONTO, Aug. 5 /CNW/ - China Wind Power International Corp. (TSX-V: CNW)
("China Wind" or the "Company"), announced today that the common shares of the
Company will commence trading on the TSX Venture Exchange on August 5, 2009.
The Company will trade as a Tier 1 Issuer under the ticker symbol "CNW".
"Our commencement of trading on the TSX Venture Exchange better positions
us to capitalize on the growth in demand expected for wind power in China,"
said Mr. Jun Liu, Chief Executive Officer of China Wind. "The Chinese
government has mandated that renewable energy must fulfill a portion of
China's increasing energy consumption. With our existing operations, signed
power purchase, grid connection and dispatching agreements in place, and our
current plans for building out capacity of 546 MW, we represent an opportunity
for Canadian investors to share in the substantial growth expected for wind
power in China."
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, with construction of
the first 49MW wind farm over 50% completed.
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:
firstname.lastname@example.org; Trevor Heisler, Investor Relations, The Equicom Group
Inc., Tel: (416) 815-0700 ext 270, Email: email@example.com