WWEI

WWEI http://www.welwind.com/ SEC
加拿大伟力 Welwind Energy International

广东风电初显“沿海模式” 2007-11-12



The Zhanjiang Project
湛江东海岛
The Zhanjiang Project will see the instillation of a six hundred (600) MW wind farm on the subject property. Through a cooperative agreement with Guangzhou Engga Wind Energy Co. Ltd (“Engga”), the first turbine produced by Engga for the Company rolled-off the production line in February 2007. During this Phase 1, the Company expects to build forty-nine (49) MWs.

Installation of the 750 KW test turbine was completed in May 2007. ENGAA, the turbine manufacturer, immediately commenced monitoring the data from this first turbine. By July 2007, ENGAA had completed its commissioning stage of the Zhanjiang Turbine and had begun to assess and analyze the data from that turbine.

A Project Feasibility Study Report and Grid Connection Report were finalized in November 2007 by the Guandong Electric Power Design Institute, and subsequently submitted to the Guangdong Power Grid Corporation for review in anticipation of finalizing a Power Purchase Agreement (“PPA”).
However, certain unexpected issues arose late in 2007 related to the Zhanjiang Windfarm. During the due diligence period for the PPA, an issue with the local Port Authority arose requiring meetings with various levels of the Zhanjiang Government and the Port Authority. In a meeting during January 2008 between Welwind representatives and high ranking officials of the Port Authority and Government, all outstanding issues were resolved and the PPA due diligence process should be completed sometime during the 2nd quarter of 2008.

The Yangxi Project
阳西、阳东
The base of the Yangxi Wind Farm Project was completed, along with the installation of the 100 meter meteorological tower, in June of 2006. At that time, we began to collect data necessary to provide the information required to build out the wind farm. Phase 1 of the Yangxi wind farm will consist of a 49 MW project. We anticipate that the Yangxi project will consist of a total of 400 MWs once fully completed.
In January 2008, after 16 months of collecting date from the tower at the Yangxi location, a formal Project Proposal was submitted to the Yangxi Government. All data collected to date shows promising results for the future build out of this wind farm.