This advance payment is 10% of the total equipment value in the contract.
Biomass Electricity expects to make an advance payment for power plant construction and equipment installation in a short time.
A-Power and Biomass Electricity signed a contract for this power plant in December 2009, covering the design of the power station, procurement and installation of three main engines and other auxiliary equipment and contracting of five main power station systems.
The total contract value includes fees related to design and installation and expenses related to procurement and sub-contracting with third-party vendors and construction companies.
A-Power is a provider of distributed power generation systems in China and a manufacturer of alternative power generation systems.
