SHANGHAI, China, May 14, 2012 /CNW/ - , May 14, 2012/CNW/ - Sunbelt International (www.sunbelt-inter.com) (OTCBB: SUNB)
Sunbelt International is pleased to announce that a letter of intent has been signed to secure a multi-million dollar construction project in the central plateau region of Tanzania. This location in rural Tanzania has the optimal temperatures and wind speeds to produce the most power from Sunbelt International wind and solar turbines. A private Chinese Bank will provide financing for the Tanzania wind/solar project. The financing will provide engineering, construction and procurement services for Sunbelt International.
"The relationship we are building through this project in Tanzania will provide Sunbelt International great opportunities to expand projects globally, and operate on a larger scale," said Sunbelt International President Fang Soo Liu.
Testing facilities in Mongolia and northern Canada are proving to be successful ventures and continue to provide valuable feedback from the testing of high quality CE ISO certified wind turbines manufactured by Sunbelt International.
It is evident that the demand for wind and solar energy continues to grow. The Chinese government recently announced a progressive five-year plan that will target an annual growth in the use of wind and solar energy by over 1000% in the year 2015. With this substantial increase in demand, Sunbelt International will be in an excellent position to leverage future opportunities.
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