DGAP-News: Nordex SE: Nordex receives the first down payment from the 5 x 50 MW contracts recently signed in Pakistan
(firmenpresse) - DGAP-News: Nordex SE / Key word(s): Incoming Orders
Nordex SE: Nordex receives the first down payment from the 5 x 50 MW
contracts recently signed in Pakistan
16.05.2013 / 11:36
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Fauji Foundation and co-investors place order with Nordex for a 50 MW wind
farm
Hamburg, 16 May 2013. After the completion of its first wind farm in
Pakistan, Nordex has now received another firmly financed order for the
FWEL II project, which is being installed in the Province of Sindh, roughly
80 kilometers from Karachi. The 50 megawatt (MW) wind farm will be equipped
with 20 N100/2500 multi-megawatt turbines configured for hot climates.
Nordex will be executing FWEL II on a turn-key basis together with Descon
Engineering Limited (Pakistan). With the completion of its first project in
2012 and the establishment of a local company in Islamabad, Nordex has
built itself a reputation for reliability and excellence in the Pakistan
market. Nordex is now firmly the leading provider of wind turbines in the
country, a position which is expected to be further cemented with down
payments for other contracts later this year. FWEL II will go into
operation in 2014, with Nordex and Descon providing service for the
turbines for a period of at least five years under a premium contract.
The majority owner of the project is the Fauji Foundation (55%). Last year,
Nordex built a 50 MW wind farm in Pakistan for an affiliate of Fauji
Foundation. Other investors include the international infrastructure fund
Cap Asia (25%) and the Tapal Group (20%). Most of the debt capital is being
provided by international banks.
'I am pleased that with this project the first of the 250 MW of contracts
in Pakistan will commence. It shows us that the Pakistani market holds
tremendous potential that can be realized by Nordex,' says Lars Bondo
Krogsgaard, a member of Nordex SE's Management Board.
For more information, please contact:
Nordex SE
Felix Losada
Telephone: +49 40 300 30 - 1000, Telefax: - 1333
End of Corporate News
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16.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Nordex SE
Langenhorner Chaussee 600
22419 Hamburg
Germany
Phone: 040 / 30030 1000
Fax: 040 / 30030 1101
E-mail: info(at)nordex-online.com
Internet: www.nordex-online.com
ISIN: DE000A0D6554
WKN: A0D655
Indices: TecDAX
Listed:Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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211426 16.05.2013
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Datum: 16.05.2013 - 11:36 Uhr
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