China Ming Yang Wind Power Group Limited (NYSE: MY), one of China’s top wind turbine suppliers, today said it agreed to supply turbines to a 49.5 MW wind farm project in Pakistan.
The order was placed by a Chinese state-owned enterprise, which Ming Yang did not name in the press release.
Ming Yang will deliver 33 units of its 1.5MW wind turbines in three batches starting from September 2015. The company will also provide five-year complimentary warranty services after the installation.
The Chinese state-owned enterprise plans to build a wind farm project in Sindh Province of Pakistan as one of the first initiatives launched in that region under the "One Belt, One Road" framework. The latter is part of a development strategy initiated by China 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.
Ming Yang was a top 10 wind turbine manufacturer worldwide and the largest non-state owned wind turbine manufacturer in China in 2014,
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