A-Power wins $30.5MM biomass power plant contract in China

Source: A-Power Energy Generation Systems, Ltd.

A-Power Energy Generation Systems, Ltd. (Nasdaq:APWR), a leading provider of distributed power generation systems in China and a manufacturer of wind turbines, announced that it signed a definitive contract with a total value of RMB 200.7 million (approximately US$ 30.5 million) to develop a biomass power plant consisting of two 15 megawatt power generation units for the Xin County Guangchao Biomass Power Generation LCC. The project is expected to begin shortly and be completed by mid 2012.
The biomass power plant will be located in Xin county in the Shandong province of China. As the engineering, procurement, and construction contractor, A-Power will carry out the design and construction of the power plant, procurement, and installation of two 15 megawatt pure condensed steam turbine generator sets, two straw-fired boilers with a capacity of producing 75 metric tons of steam per hour, auxiliary equipment, a heat pipeline system, and final delivery of the facility to the Owner. When the power plant is permitted to connect to China's national electric grid, it will be able to generate about 150 million kilowatt hours of electricity each year.

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