Csic (chongqing) haizhuang windpower equipment co., ltd. private company information – bloomberg gas efficient cars 2016

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CSIC (Chongqing) Haizhuang Windpower Equipment Co., Ltd., a technological industrial company, engages in the development and manufacture of wind power equipment and related main components. The company offers wind turbines and generators. It also provides wind turbine installation, commissioning, operation, maintenance, logistics and transport, and training services. The company also offers platform for building wind power engineering technology research center offshore units, specializing in the development of wind power equipment and systems Assembly, new energy investment in the development and construction of wind farm engineering and technical services of high-tech enterprises. The comp…

CSIC (Chongqing) Haizhuang Windpower Equipment Co., Ltd., a technological industrial company, engages in the development and manufacture of wind power equipment and related main components. The company offers wind turbines and generators. It also provides wind turbine installation, commissioning, operation, maintenance, logistics and transport, and training services. The company also offers platform for building wind power engineering technology research center offshore units, specializing in the development of wind power equipment and systems Assembly, new energy investment in the development and construction of wind farm engineering and technical services of high-tech enterprises. The company was founded in 2004 and is based in Chongqing, China.

The board of Directors announced that on 30 September 2016, Concord New Energy Group Limited and CSIC (Chongqing) Haizhuang Windpower Equipment Co., Ltd. entered into the purchase contract regarding the purchase of wind power electricity generation equipment amounting to a total consideration of RMB 199,680,000 by the group from the Supplier for the wind farm project of the Group in Guangxi province, the PRC. Under the purchase contract, the group has agreed to buy from the Supplier 24 sets of wind power generation facilities of 2,000 KW each for the wind farm project of the group in Guangxi province, the PRC including turbines, electricity generation systems, control systems hardware and software, etc. The amount of the above consideration payable by the group is on normal commercial terms and is agreed after arm’s length negotiation with reference to the market unit price and quantity of each machinery, equipment or forming part of the wind power electricity generation equipment to be supplied as set out in purchase contract. The amount of consideration also includes fees in relation to, inter alia, technical support services to be provided by the Supplier, tax payment, delivery and insurance costs. According to the purchase contract, the supplier shall pay to the group 10% of the above consideration within 15 days from the effective date of the purchase contract as performance bond for any breach of its obligations under the purchase contract, which shall be refunded to the Supplier within 30 days after completion of the pre-examination of the relevant wind power electricity generation equipment. The payment of consideration to be made by the group by installment will be based on the stages of completion of the purchase contract. The consideration will be payable in cash or by way of issuing acceptance bill of exchange. The supplier will provide a warranty period of 5 years in respect of the wind power electricity generation equipment supplied.