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A-Power Energy Generation Systems wins $75m contracts for Chinese biomass energy projects

24 Apr 2009

A-Power Energy Generation Systems, a provider of distributed power generation systems in China has signed contracts with the subsidiaries of Anhui Wenergy, to build two biomass micro-grid electricity-generation systems in Anhui Province, for $75.3m (RMB516m).

As part of the deal, A-Power will design, assemble, install, test and deliver two 30MW electricity-generation systems using biomass as fuel at Wenergy’s DG plants in Shucheng County and Hanshan County in Anhui Province. The two projects are expected to be completed and in operation by August 2010, the company said.

‘We are extremely excited to become the sole provider for Wenergy’s two high-profile alternative energy projects in one of China’s important industrial provinces,’ said Jinxiang Lu, A-Power’s chairman and CEO. ‘Wenergy’s ground-breaking biomass power plants are much bigger in scale and value than other biomass projects we have seen in China. As China is taking on more and more clean energy sources, our DG system solutions have received considerable government support. This is a vote of confidence in A-Power’s engineering prowess and the transferability of our DG services to biomass-based projects. With these two projects, A-Power has broadened its DG coverage to another important industrial company in China.’

Wenergy is listed on the Shenzhen Stock Exchange and has a market cap of $6bn. It is primarily engaged in investment and operation of power generation, energy saving and other relevant projects.

In January 2009, the company announced that three of its subsidiaries gained $20m worth of subsidies from the Chinese government for the voluntary shutdown of five coal-fired electrical generators.

A-Power, through its China-based operating subsidiaries, focuses on energy-efficient and environmentally friendly projects of 25MW to 400MW. In 2008, A-Power entered the wind energy market and built China’s largest wind turbine manufacturing facility, located in Shenyang, Liaoning Province.

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