China WindPower Establishes Joint Venture with China Power Investment Corporation Subsidiary Baiyinhua,join Hands in China Wind Power Projects

On 15th June 2009, Century Concord Wind Power Investment Ltd. ("Century Concord WP"), an wholly-owned subsidiary of China WindPower Group Limited ("China WindPower" or the "Group") (stock code: 182), a specialist in wind power electricity generation in China, has signed an agreement with China Power Investment Baiyinhua (「CPI Baiyinhua」), a subsidiary of China Power Investment Corporation ("CPI"), to set up a Joint Venture ("JV') to undertake wind farm projects in the country.  Pursuant to the agreement, Century Concord WP and CPI Baiyinhua shall respectively hold 49% and 51% of the equity in the JV.The Group's strengths include its services in wind power engineering, procurement and construction, manufacturing of wind tower tubes, wind power facilities design and maintenance, and its abundant wind resources reserves. Besides, CPI as a stated-owned enterprise provides the geographical advantages. As a result, cooperation between the two parties will enhance the synergy and speed up the development of the wind power business of both parties.The preliminary goal of the JV is to undertake wind farm projects in the PRC with installed capacity of 850 MW, and will further develop more wind power projects..For detailed information, please check our announcement :http://202.66.146.82/listco/hk/chinawindpower/announcement/a090615.pdf.

About China Power Investment Baiyinhua

China Power Investment Baiyinhua is a subsidiary of state-owned company China Power Investment Corporation ("CPI") principally engaged in the development of coal mining and transportation, railway, portal, electricity, logistics, and aluminum manufacturing. CPI was established from part of the constituent businesses of the former State Power Corporation of China. By the end of 2008, the total assets of CPI amounted to RMB 284.2 billion.