A-Power Energy to Build Two Distributed Power Generation Stations in China
Posted on: Monday, 29 September 2008, 09:00 CDT
A-Power Energy Generation Systems has signed a $195 million contract with the Jilin Glad Group to build two distributed power generation stations in the Shulan City, in the Jilin Province of China.
The two-phase project is expected to begin in September 2008 with the installation of a 24MW power station valued at $54 million. Completion of the first phase of the project is estimated for October 2009.
The second phase of the project includes a 100MW distributed power generation system valued at $141 million and is expected to begin in January 2009 with completion date to be determined after commencement.
Jinxiang Lu, chairman and CEO of A-Power, said: "The signing of this contract is a testament to the market's continued recognition of A-Power's ability to design, construct and deliver local cost-effective power generation systems with the highest quality. With this contract, A-Power's distributed power generation backlog has grown to exceed $800 million, up from approximately $650 million as of August 20, 2008."
Source: Datamonitor
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