A-Power Energy Generation Systems, Ltd., BVI-registered corporation providing distributed power generation systems in China, announced that it has signed contracts with the subsidiaries of Anhui Wenergy Co., Ltd., for building two micro-grid electricity-generation systems based on biomass, in Anhui Province of China. The two contracts with the company, listed on the Shenzhen Stock Exchange, and distributing electric have total value of US$75.3 mln.
By terms of the signed contracts, A-Power will design, assemble, install, test and deliver two 30MW electricity-generation systems with biomass used as a fuel at Wenergy’s DG plants in Shucheng County and Hanshan County in Anhui Province. The two projects are expected to be completed and come into operation by August 2010.
A-Power’s Chairman and CEO Mr. Jinxiang Lu said in his comments, “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 … With these two projects, A-Power has broadened its DG coverage to another important industrial company in China.”
Anhui Wenergy Co., Ltd., which is listed on the Shenzhen Stock Exchange, distributes electric power in Anhui Province and Eastern China. In January 2009, Wenergy announced that three of its subsidiaries gained US$20 mln worth of subsidiaries from the Chinese government for the voluntary shutdown of five coal-fired electrical generators.