Memorandum of UnderstandingDevelopment Agreement |
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Memorandum of Understanding
Party A: Kangbao County Government of
Hebei Province
Chuzhangdi Town
Government
Party B: Cathay Merchant Group (Shanghai)
Wind Energy Co., Ltd.
In accordance with the principles of equality
and mutual benefit, Party A and Party B hereby sign this MOU based on their
discussions on January 28, 2005.
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1. |
Party B, subject to commercial, technical
and legal parameters being met satisfactory to it, intends to construct a
Wind Power Plant (about east longitude 114º22'30"—
114º27’14" , north latitude 41º45'— 41º50')
within about 50km2 of Chuzhangdi Village which is governed by
Party A. The above longitude and latitude points shall be confirmed by both
Parties soon. |
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2. |
In order to establish the exact location
for the wind turbines Party B will install its wind-measurement equipment
soon after signing of this Memorandum of Understanding and Party A herewith
grants Party B the right to use the above land for one year for wind
measuring. Party A is entitled to terminate its approval if Party B fails to
install its wind measuring equipment consisting of at least one wind
measuring tower within above period of time. |
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3. |
The construction scale shall be in
accordance with the topography and landform. The installation scale for the
engineering of one phase shall be approximately 50,000 kw. |
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