A-Power Energy Signs Two New Distributed Power Generation Contracts
Posted on: Wednesday, 13 February 2008, 06:00 CST
A-Power Energy Generation Systems has signed two new domestic contracts to develop distributed power generation systems worth a combined $72.3 million.
The first is a $44.5 million contract to construct a 24MW distributed power generation system for a new paper and pulp plant in Wuzhong, China. This project is expected to begin in June 2008 and will take about 12 months to complete.
The second is a $27.8 million contract to construct a 24MW stand-alone distributed power plant in Hailen, China. This project is expected to begin in February 2008 and will be completed in approximately 12 months.
Jinxiang Lu, chairman and CEO of A-Power, said: "The growth of our distributed power generation business continues to accelerate. These new contracts are a testament to the market's recognition of our track record and our ability to quickly develop and construct quality systems that meet the specific power and heat needs of our customers."
Source: Datamonitor
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