ZHONGSHAN, China, Aug. 6, 2015 /PRNewswire/ -- China Ming Yang Wind
Power Group Limited (NYSE: MY) ("Ming
Yang" or the "Company"), a leading wind energy solution
provider in China, 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 Road' initiative. Back in 2014 when
President Xi Jinping announced the policy and called for more
cooperation between countries in Asia, we realized that it would generate great
opportunities for our industry, including Ming Yang, and we began to strategically target
overseas energy projects developed by Chinese companies. Leveraging
our strong track record and product quality, we were able to secure
this project which marks a new milestone in Ming Yang's history. I firmly believe that this
project is just the beginning, and we are looking forward to more
overseas opportunities as we continue expanding our presence
overseas."
About China Ming Yang Wind Power Group Limited
China Ming Yang Wind Power Group Limited (NYSE: MY) is a leading
wind energy solution provider in China, focusing on designing, manufacturing,
selling and servicing megawatt-class wind turbines, including
cutting-edge SCD (Super Compact Drive) solutions, and providing
post-sales value-added maintenance and technology upgrade services
to wind farm owners. Ming Yang
cooperates with aerodyne Energiesysteme, one of the world's leading
wind turbine design firms based in Germany, to co-develop wind turbines. In terms
of newly installed capacity, Ming
Yang was a top 10 wind turbine manufacturer worldwide and
the largest non-state owned wind turbine manufacturer in
China in 2014.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "to be," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "target," "goal," "strategy" and similar statements.
Such statements are based upon management's current expectations
and current market and operating conditions, and relate to events
that involve known or unknown risks, uncertainties and other
factors, all of which are difficult to predict and many of which
are beyond Ming Yang's control,
which may cause Ming Yang's actual
results, performance or achievements to differ materially from
those in the forward-looking statements. Actual results or events
may differ from those anticipated or predicted in this press
release, and the differences may be material. Further information
regarding these and other risks, uncertainties or factors is
included in Ming Yang's filings with
the U.S. Securities and Exchange Commission. Ming Yang does not undertake any obligation to
update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
applicable law.
For further information, please visit the Company's website:
ir.mywind.com.cn.
For investor and media inquiries, please contact:
China Ming Yang Wind Power Group Limited
Johnson Zhang
+86-760-2813-8898
+1-646-454-8640
ir@mywind.com.cn
http://ir.mywind.com.cn
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SOURCE China Ming Yang Wind Power Group Limited