"On schedule, we have completed another important milestone in the young history of our Company," said Mr. Jun Liu, Chief Executive Officer of China Wind. "The 34 turbines comprising Phase 1 have finished at least 240 hours of testing operation and are qualified to be in production. With the passing of the inspection, all of the power we have generated to date will be sold on the tariff of RMB 0.61 Yuan per kWh (C$0.0937). Phase 1 generated and sold 30.39 million kWh of power to the grid by the end of November and is expected to generate nine to ten million kWh of electricity in December."
The 34 wind turbines of Phase 1 represent installed capacity of 49 MW.
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 546 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 57.3 million shares outstanding.