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Welwind announces negotiations of joint venture partnership |
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Thursday, 19 June 2008 |
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Welwind Energy International Corp has announced that it has
begun negotiations for a Joint Venture Partnership with YATU Wind Energy
Manufacturing Co. Ltd (formerly ENGGA) to manufacture wind turbines
internationally and further announces that the two companies have signed a
Turbine Supply Agreement (EPC) for 66 Wind Turbines for its Zhanjiang Wind farm
Project.
YATU, a developer of several types of wind turbine products, 15 of
which have patents pending, said Monday it has agreed to begin negotiating a joint
venture partnership with Welwind Energy International Corp. to manufacture and
distribute wind turbines on an international level. In regards to the Equipment
Purchase Contract (EPC), the company will have all 66 turbines delivered to the
Zhanjiang site before October 18, 2009.
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