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A-Power Energy Signs Sales Contract With CACS

Posted on: Wednesday, 24 September 2008, 06:00 CDT

A-Power Energy Generation Systems has signed a sales contract with the China National Automation Control System Corporation for the sale of five 2.7MW wind turbines.

The delivery of the five units is planned to occur in the fourth quarter of 2008. These wind turbines will be the first to be produced at A-Power's new wind turbine production facility in Shenyang, China.

The facility consists of two production lines with a designed annual capacity of 300 units of 2.7MW wind turbines and 420 units of 750kW wind turbines, totaling over 1.1GW in annual output.

The China National Automation Control System Corporation (CACS), a subsidiary of the China National Machinery & Equipment Group, is a provider of power generation solutions to both China and the international markets. A-Power will supply wind turbines to CACS's wind farm projects in the Gansu Province and the Inner Mongolia autonomous region.

Jinxiang Lu, chairman and CEO of A-Power, said: "We are currently in late-stage discussions to sign additional contracts with CACS and the other parties that had signed letters of intent with A-Power in first quarter of 2008, which in aggregate provide for an additional 375 wind turbines. Based on these discussions, we expect to announce additional contracts over the coming months for both our 2.7MW and 750kW wind turbine units."

Source: Datamonitor

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