A-Power Energy Generation Systems has signed two new domestic contracts to develop distributed power generation systems worth a combined $72.3 million.
The first is a $44.5 million contract to construct a 24MW distributed power generation system for a new paper and pulp plant in Wuzhong, China. This project is expected to begin in June 2008 and will take about 12 months to complete.
The second is a $27.8 million contract to construct a 24MW stand-alone distributed power plant in Hailen, China. This project is expected to begin in February 2008 and will be completed in approximately 12 months.
Jinxiang Lu, chairman and CEO of A-Power, said: The growth of our distributed power generation business continues to accelerate. These new contracts are a testament to the market’s recognition of our track record and our ability to quickly develop and construct quality systems that meet the specific power and heat needs of our customers.