TSX: HE

VANCOUVER, April 22 /CNW/ - Hanwei Energy Services Corp. ("Hanwei" or the "Company") is pleased to announce that it has signed a letter of intent ("LOI") with the Baotou Development and Reform Commission ("BDRC") and Beijing Kunding Xunlei New Energy Technology Ltd. ("Beijing Kunding") to provide wind power turbines and blades for a 400 MW wind farm located approximately 100 kilometres from Baotou, Inner Mongolia Autonomous Region, China.

Under the non-binding LOI, it is expected that the parties will cooperate to develop a 400 MW wind farm under certain terms and conditions including the following:

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- It is expected that Hanwei will establish a wind power subsidiary in

Baotou and the subsidiary will build a manufacturing facility in the

Baotou region with an initial capacity of at least 200 turbines and

blade sets per annum; that Hanwei will use its best efforts to

complete construction of the facility before the end of 2010; and that

Hanwei will use its best efforts to expand the capacity of its wind

power facility to 500 turbines and blade sets per annum before the

end of 2012.

- It is also expected that Beijing Kunding will be granted the rights

to develop and operate the 400 MW wind farm and in connection with

such grant, it is expected that Hanwei will enter into a contract to

supply 400 MW of turbines and blades. The terms of the contract,

including pricing and delivery schedules, are subject to negotiation.

- In addition, it is expected that the BDRC will facilitate all

government approvals for the wind farm and manufacturing facility and

will assist Hanwei to win additional orders for its Baotou wind power

facility.

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Hanwei, the BDRC and Beijing Kunding are engaged in ongoing discussions to define the terms for binding agreements, and set out timelines for construction of the wind power facility and delivery of the turbines and blades. Hanwei does not expect the LOI to have a material impact on its funding needs for 2009 or the guidance it provided for 2009 with the release of its 2008 financial results.

"With this LOI, Hanwei is at the early stages of securing its second major customer in the wind power business. Hanwei faces significant challenges to move the LOI to formal contracts and start delivering wind power equipment.

For example, the BDRC and Beijing Kunding have requested that Hanwei deliver 2 MW to 3 MW turbines," said Fulai Lang, CEO and President of Hanwei. "The rewards for success are tremendous, with Hanwei building market share and establishing a base in the Baotou region, which is estimated to host over 30 percent of China's wind power resource."

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FORWARD-LOOKING INFORMATION

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Certain information in this press release is forward-looking within the

meaning of certain securities laws, and is subject to important risks,

uncertainties and assumptions. This forward-looking information includes,

among other things, information with respect to the entering into formal

contracts, the development of a 400 MW wind farm, the establishment of a

subsidiary in Baotou, the construction of a manufacturing facility in the

Baotou region, the granting of wind farm development and operational rights to

Beijing Kunding, the contracts to supply turbines and blades, the facilitation

of government approvals, and additional orders for a Baotou facility. The

forward-looking information is based on certain assumptions, which could

change materially in the future, including the assumption that formal

contracts will be entered into among the parties, that a subsidiary in Baotou

and a manufacturing facility in the Baotou region will be established, that a

400 MW wind farm will be developed, that rights will be granted to Beijing

Kunding to develop and operate a wind farm, that government approvals will be

obtained, and that additional contracts or orders for turbines and blades and

for the Baotou facility will be procured. The forward-looking information in

this press release describes the Company's expectations as of the date of this

press release. The results or events anticipated or predicted in such

forward-looking information may differ materially from actual results or

events. Material factors or risks which could cause actual results or events

to differ materially from a conclusion in such forward-looking information

include the risks that the discussions subsequent to the LOI may not result in

formal contracts, the Company may not be able to execute on its expectations

to deliver products in accordance with the LOI or any resulting formal

contract, the Company has not yet developed a 2 MW to 3 MW turbine, the

Company is unable to establish a subsidiary or manufacturing facility in

Baotou or the Baotou region, the Company will be able to secure additional

working capital to support such growth, the Company is unable to procure

contracts to supply turbines and blades and the additional orders for a Baotou

facility, and the necessary government approvals may be delayed or may not be

obtained at all, as well as the risks set out in the risk factors section of

the Company's Annual Information Form dated March 31, 2009 for the year ended

December 31, 2008 as filed with Canadian securities regulators and available

on SEDAR at www.sedar.com.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE PRESENTS

THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND,

ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE

UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS

INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, THE COMPANY

DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, EXCEPT

AS REQUIRED BY APPLICABLE SECURITIES LEGISLATION.

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/For further information: Kim Oishi, SVP of Finance and Business

Development, (416) 804-9228, [email protected]; Kevin O'Connor, Investor

Relations, (416) 962-3300, [email protected]