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A-Power Gets $30.5M Contract To Build Biomass Plant [2011-4-6]

A-Power Energy Generation Systems Ltd. (APWR) agreed to build a biomass power plant in China under a contract valued at RMB200.7 million ($30.5 million).

The wind-turbine maker and provider of power-generation systems, which has been hurt by sagging wind-turbine sales in the past year, has been gaining contracts in other areas lately. A-Power in January said it won two contracts worth a total of about $58 million for a residential development and shopping center project in Northern China.

The company on Monday said the biomass project, which includes two 15 megawatt power-generating units in Shandong province, is expected to begin shortly and be completed by the middle of next year.

A-Power reported in December that its third-quarter loss widened as revenue plunged amid lower-than-expected sales of wind turbines.

Shares closed Friday at $4.70 and were inactive premarket. The shares are down 65% in the past year amid the sagging wind-turbine sales.(Edited by EnergyChinaForum.com. For more information, please email to: info@energychinaforum.com)www.EnergyChinaForum.com

(Wsj,April 6, 2011)
 
aus der Diskussion: A-Power - Irgendjemand investiert?
Autor (Datum des Eintrages): DomRuinart  (06.04.11 11:38:30)
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