Shenyang, China, Feb. 12, 2008 — A-Power Energy Generation Systems Ltd. announced that it 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 24 MW 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 24 MW stand alone distributed power plant in Hailen, China. This project is expected to begin this month and will be completed in approximately 12 months.
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