SHENYANG, China, June 16 /PRNewswire-Asia-FirstCall/ -- A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) ("A-Power" or "the Company"), a leading provider of distributed power generation ("DG") systems in China and a fast-growing manufacturer of wind turbines, today announced it has signed a contract with Sanmenxia New Energy Bio-Electricity Co., Ltd. to build electricity-generation systems using biomass as fuel in Henan Province of China.
Pursuant to the contract, A-Power will be in charge of the overall design, the construction, and the equipment procurement, installation and testing of the biomass DG plant in Yinchi County, Sanmenxia City, Henan Province. The project is expected to be completed and in operation by October 2010 and the total value of the contract is estimated to be $14.1 million (RMB 96 million).
A-Power Energy Generation Systems Ltd. ("A-Power"), through its China-based operating subsidiaries, is the largest provider of distributed power generation systems in China, focusing on energy-efficient and environmentally friendly projects of 25MW to 400MW. In 2008, A-Power entered the wind energy market and has built China's largest wind turbine manufacturing facility, located in Shenyang, Liaoning Province, with technologies licensed from German FUHRLANDER AG and Denmark-based Norwin, and a total annual production capacity of 1,125MW. In March 2009, A-Power entered into an agreement to establish a Joint Venture partnership with GE Drivetrain Technologies to produce wind turbine gearboxes in Shenyang. A-Power also has strategic relationships with Tsinghua University in Beijing and the China Academy of Sciences in Guangzhou to develop and commercialize other renewable energy technologies. For more information, please visit http://www.apowerenergy.com .
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For more information, please contact: Mr. John S. Lin Chief Operating Officer A-Power Energy Generation Systems Email: email@example.com Mr. Valentine Ding / Mr. Dixon Chen Investor Relations Grayling Tel: +1-646-284-9412 Email: firstname.lastname@example.org email@example.com
|SOURCE A-Power Energy Generation Systems Ltd.|
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