NaiKun Wind Announces Signing of Preferred Supplier Agreement with
Siemens Canada for B.C. Wind Project
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/21/12 -- NaiKun
Wind Energy Group Inc. (TSX VENTURE:NKW) (the "Company" or "NaiKun
Wind") announced today that it has signed a preferred supplier
agreement (PSA) with Siemens Canada Limited.
Siemens, the largest manufacturer of offshore wind turbines in the
world, will be assisting Naikun Wind in advancing the development of
the first phase of its project, using 100 of Siemens New(i)
SWT-4.0-130 4MW turbines. The agreement specifies that the two
parties will exclusively explore the opportunities for a joint
execution of the Company's project.
Siemens and Naikun Wind will cooperate in advancing the project in
British Columbia and Siemens will also cooperate with the foundation
designer in the design and certification of the turbine tower,
transition piece and foundation.
Mike O'Connor, President and CEO of Naikun Wind stated, "We are very
pleased to have reached this agreement with Siemens, the recognized
leader in offshore wind in the world. Their expertise will be
invaluable in developing the first phase of the Haida Energy Field
and we look forward to working with their experienced staff."
NaiKun Wind is a British Columbia based renewable energy company.
Located on B.C.'s northwest coast, where the wind resource is one of
the strongest and most consistent in the world, NaiKun Wind's 400MW
offshore wind project would generate enough energy to provide
electricity to 130,000 B.C. homes. If the project does proceed it is
expected to result in an estimated 500 jobs during construction, 50
permanent jobs for maintenance and operations and more than $400
million in direct expenditures in the province during construction,
of which $250 million will benefit North Coast communities.
The NaiKun Wind project is at an advanced stage of development with
environmental approvals from the Provincial and Federal Governments
and agreements in place with key suppliers and First Nations. Given
its development status, construction can begin within two years of
the award of an electricity purchase agreement. For more information
on NaiKun Wind, please visit www.naikun.ca.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
NaiKun Wind Energy Group Inc.
President & CEO
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