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19.10.2011 – 09:15

Nordex SE

EANS-News: Nordex: Contracts signed for 250 megawatts

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Contracts/order intake

Subtitle: Installation of wind farms in Pakistan due to start in 2012 

Hamburg (euro adhoc) - After becoming one of the first wind turbine suppliers to
secure a contract in the Pakistan market, Nordex has cemented its position as
the market leader. Nordex has signed supply and service contracts for N100/2500
turbines with a further four companies from Pakistan. Subject to final approval
by the Pakistan authorities and funding, these contracts will cover five
projects of 20 turbines each, providing a total of 250 megawatts to the Pakistan

Nordex is convinced that the wind market in Pakistan will develop at a rapid
pace. In order to meet the growing demand for power, government and a number of
commercial enterprises are planning substantial increases to Pakistan´s power
generation capacity with wind power energy set to play a key role. The Pakistan
government estimates the exploitable wind power potential in Sindh Province in
the south of the country to be some 11,000 megawatts alone. 

Sindh Province is also the location where Nordex´ wind turbines will be
installed. Two of the projects are owned by subsidiaries of Fauji Foundation.
Another subsidiary of Fauji Foundation, Fauji Fertilizer Company, previously
awarded Nordex its first 50 megawatt project in Pakistan in 2010. The first 1.5
megawatt turbines for this project will be shipped to Pakistan next month. Two
of the new wind power projects announced today are due in 2012 with each
supplying around 150 gigawatthours of electricity per annum. 

The customers for the other three N100/2500 projects are also large Pakistani
companies. Gul Ahmed Wind Power Limited (a wholly owned subsidiary of Gul Ahmed
Energy Limited), Metro Power Company Limited and Yunus Energy Limited (part of
Yunus Brothers Group) have all signed one project each. These wind farms are due
to be built in 2012 and 2013. Both Gul Ahmed Energy Limited and Yunus Brothers
Group have already invested in conventional power projects within Pakistan and
are now expanding their portfolios with renewable projects.

CSO Lars Bondo Krogsgaard: "Pakistan is the most important Asian market outside
China for Nordex today. The fact that we were able to sign contracts with four
customers at the same time shows that we are already a very trusted supplier

Further inquiry note:
Ralf Peters
Head of Corporate Communication
Tel.: +49 (0)40 300 30 15 22

end of announcement                               euro adhoc 

company:     Nordex SE
             Langenhorner Chaussee 600
             D-22419 Hamburg
phone:       +49 (0)40 30030-1000
FAX:         +49 (0)40 30030-1101
sector:      Alternative energy
ISIN:        DE000A0D6554, DE0000A0D66L2
indexes:     TecDAX, CDAX, HDAX, Prime All Share, Technology All Share, ÖkoDAX
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Hamburg, Stuttgart, Düsseldorf, München 
language:   English

Original content of: Nordex SE, transmitted by news aktuell

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