Wind farm for Mongolia Ferrostaal joins 52 MW wind farm project

Essen (ots) - Ferrostaal Industrial Projects GmbH, a project
developer facilitating worldwide investments, is taking a majority
stake in the 'Sainshand' wind farm project in Mongolia. With 190 GWh
of electricity every year, 'Sainshand' will be the largest wind park
in Mongolia. The investment in the project amounts to approximately
120 million US dollars and is intended to connect to the grid as
early as the end of 2015.

Wind energy: Mongolia offers attractive investment possibilities

The 'Sainshand' wind farm project is already well developed - the
power purchase agreement and all licences are in place. By taking a
majority stake in the project, Ferrostaal Industrial Projects is now
creating a bridge between the local developers, Sainshand Wind Park
LLC, and investors worldwide. "As project developers, our skills in
the areas of project management, financing, engineering and
contracting are in high demand. In this regard we have already joined
forces with asset management experts from Ferrostaal Capital GmbH and
initiated talks with international investors", explains Dr. Klaus
Lesker, Managing Director of Ferrostaal Industrial Projects GmbH.

Clean energy for Mongolia

The country is investing heavily in the expansion of its
electricity supply grid and is specifically encouraging renewable
energy. According to the 'Wind Energy Development Roadmap for
Mongolia', wind energy is to become one of the most important energy
resources in Mongolia by 2020, when it will cover about a fifth of
the country's energy needs. The outstanding wind conditions which
prevail in Mongolia, with wind speeds of between 7.5 and 8.5 metres
per second on average, are ideal for wind energy.

Further information at: www.ferrostaal.com

About Ferrostaal

Ferrostaal is a technology-independent, multi-vendor and
supplier-independent provider of industrial services with
operations worldwide. As a project developer, the company is active
in the areas of petrochemicals, wind power and oil & gas. As a
service and sales partner to international manufacturers, the
company deals in machinery and equipment for recycling, packaging,
rail transport, laboratory technology and printing, as well as with
pipes and piping accessories. In the automotive field, Ferrostaal
develops tailor-made processes and operates entire module
assemblies for international automobile manufacturers and suppliers.
Some 4,200 employees combine decades of industrial expertise with
financing competence on behalf of the customers. Ferrostaal has own
companies in around 40 countries.

Pressekontakt:
Ferrostaal GmbH
Corporate Communications
Hohenzollernstr. 24
45128 Essen

Kontakt
Clemens Pawlak
Tel.: +49. 201. 818-26 66
Fax: +49. 201. 818-35 25
Mobil: +49. 160. 9061 5668
clemens.pawlak@ferrostaal.com
www.ferrostaal.com