Shenyang, China, Dec. 22, 2009 — A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR), a leading provider of distributed power generation (DG) systems in China and a fast-growing manufacturer of wind turbines, today announced it has signed a definitive DG contract with Thailand’s Biomass Electricity Co., Ltd. to develop a 150 MW renewable biomass firing power plant in Prachinburi, Thailand.
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This contract covers the design of the power station, the procurement and installation of the three main engines and other auxiliary equipment. In addition, A-Power will be the general contractor for the five main power station systems: the civic engineering system, the chemical water treatment system, the output system, the electrical system and the thermal control system.
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The total value of the contract is US$ 86 million, which includes fees related to design and installation, and expenses related to procurement and sub-contracting with third-party vendors and construction companies. This biomass DG project has commenced in December and the estimated duration of the project is 27 months.
A-Power Energy Generation Systems Ltd., through its China-based operating subsidiaries, is the largest provider of distributed power generation systems in China, focusing on energy-efficient and environmentally friendly projects of 25 MW to 400 MW. In 2008, A-Power entered the wind energy market and has built China’s largest wind turbine manufacturing facility, located in Shenyang, Liaoning Province, with technologies licensed from German FUHRLANDER AG and Denmark-based Norwin, and a total annual production capacity of 1,125 MW. In March 2009, A-Power entered into an agreement to establish a joint venture partnership with GE Drivetrain Technologies to produce wind turbine gearboxes in Shenyang. A-Power also has strategic relationships with Tsinghua University in Beijing and the China Academy of Sciences in Guangzhou to develop and commercialize other renewable energy technologies.