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http://www.finanznachrichten.de/nachrichten-2009-12/15620782… 03.12.2009 13:04 A-Power, Shenyang Power Group and Amraas International Reached Agreements on Biomass Power Plants and Geothermal Project SHENYANG, China, Dec. 3 /PRNewswire-Asia-FirstCall/ -- A-Power Energy Generation Systems, Ltd. ("A-Power" or "the Company"), a leading provider of distributed power generation ("DG") systems in China and a fast-growing manufacturer of wind turbines, and Shenyang Power Group ("SPG"), a subsidiary of A-Power, today announced they have signed agreements with Pakistan Amraas International Private Limited ("Amraas") on two separate DG projects in Pakistan. The first project entails the construction and operation of two 25 megawatt (MW) biomass power plants for Amraas. The total value of the contract is estimated to be $120 million (RMB 816 million). Pursuant to the agreements, A-Power will act as the general contractor overseeing engineering, procurement and construction of this project, and will subcontract certain portions of the project to third parties. Construction is scheduled to commence in 2010. The transaction is expected to receive local government support and be conducted through Buyer's Credit with Amraas acting as the credit subject. A-Power will also assist Amraas in seeking domestic lenders in China to help finance this project. The second project concerns a geothermal project for the Pakistan Parliament Building (753,480 square feet) between SPG and Amraas International. SPG will act as the general contractor for the engineering, procurement and construction and equipment adjustment for the project, and will subcontract certain portions of the project to third parties. The Pakistan government is expected to provide the funding for the project. Detailed terms and conditions are not disclosed. This signing ceremony has received high-level attention from government and business parties in both China and Pakistan. Delegates attending the signing ceremony included Shenyang Municipal Deputy Secretary General Mr. Shaoqing Gu, Pakistan's National Social Security Committee Chairman Mr. Raees Mehboob Ahmad, A-Power CEO Mr. Jinxiang Lu and Amraas CEO Mr. Samir Ahmad. About A-Power A-Power Energy Generation Systems Ltd. ("A-Power"), 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 25MW to 400MW. 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 1,125MW. 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. For more information, please visit http://www.apowerenergy.com/ . Safe Harbor Statement This press release may contain forward-looking statements. ... |
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| aus der Diskussion: | A-Power - Irgendjemand investiert? |
| Autor (Datum des Eintrages): | Joe_Up (03.12.09 13:16:51) |
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