Press Release
Publisher: Nordex SE
Nordex receives the first down payment from the 5 x 50 MW contracts recently signed in Pakistan
- Fauji Foundation and co-investors place order with Nordex for a 50 MW wind farm
Hamburg - 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.
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The picture shows the 21012 installed 50 MW windfarm \"Jhimpir\"
Hamburg, 16 May 2013
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About Nordex SE
The development, manufacture, project management and servicing of wind turbines in the onshore segment has been the core competence and passion of the Nordex Group and its more than 7,900 employees worldwide since 1985. As one of the world's largest wind turbine manufacturers, the Nordex Group offers high-yield, cost-efficient wind turbines under the Acciona Windpower and Nordex brands that enable long-term and economical power generation from wind energy in all geographical and climatic conditions.
The focus is on turbines in the 3 to 5MW+ class, and the Group’s comprehensive product portfolio offers individual solutions for both markets with limited space and regions with limited grid capacities. With more than 29 GW of installed capacity worldwide, Nordex Group systems deliver sustainable energy throughout more than 80 per cent of the world’s energy market (excluding China).
Nordex SE is listed on the TecDAX of the Frankfurt Stock Exchange. The management holding company is headquartered in Rostock, while the executive board and administrative offices are based in Hamburg. At production facilities in Germany, Spain, Brazil, the US, and India, the Nordex Group produces its own nacelles, rotor blades and concrete towers. The Group also maintains offices and branches in more than 25 countries.
Press contact at Nordex SE
Felix Losada
Mail: flosada@nordex-online.com
Phone: +49 (0)40 - 300 30 - 1141
Press contact
Felix Losada
Nordex SE
Mail: flosada@nordex-online.com
Phone: +49 (0)40 - 300 30 - 1141