Market Overview

MingYang Announces Purchase Order of 49.5MW for Wind Farm Project in Pakistan

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China Ming Yang Wind Power Group Limited (NYSE: MY) today announced that it has signed a wind turbine purchase agreement with a Chinese state-owned enterprise to provide wind turbines to its wind farm project located in Pakistan with a total capacity of 49.5MW.

Pursuant to the purchase agreement, Ming Yang will deliver 33 units of 1.5MW wind turbines (model: MY1.5-82/80IIIA) in three batches starting from September 2015 and will provide five-year complimentary warranty services after the installation.

The Chinese state-owned enterprise plans to build its wind farm project in Sindh Province of Pakistan and it is one of the first initiatives launched in that region under the "One Belt, One Road" framework, a development strategy initiated by China in an effort to enhance connectivity and cooperation among countries primarily in Eurasia. The wind power project, which is currently estimated to commercially launch in June 2016, is expected to help alleviate the power shortage issues in that region.

Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang commented: "We are excited to participate in this overseas project under the 'One Belt, One

See full press release

 

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