A-Power Energy Generation Systems Ltd. (APWR) Lands $90 Million Wind-Power Contract
QualityStocks (September 15th, 2009) Writes:
A-Power Energy Generation Systems Ltd., the largest provider of distributed power generation systems in China, announced today a $90.5 million contract to develop a 49.5 Megawatt wind farm in the township of Saiwusu, Guba County in Inner Mongolia. The project, the Saiwusu Wind Farm, is for the Jihe Orient Wind Energy Company Ltd., and calls for A-Power to supply the wind turbines, towers, and foundations, as well as oversee all construction, subcontracting, and installation.
Equipment procurement alone is expected to be $84.2 million, with construction and installation another $4.8 million, and miscellaneous costs adding $1.5 million. The project is due to begin in early October, with completion planned for June of 2010.
Inner Mongolia is actually a Chinese province in northern China, on China’s border with the Mongolian People’s Republic. It’s basically an inland plateau, consisting largely of vast flat prairie grasslands, conducive to wind power generation.
Mr. Jinxiang Lu,
...A-Power Energy Generation Systems Ltd., Beijing, chairman and CEO, China, China Academy of Sciences, China’s border, Chinese Renewable Energy Industry Association, distributed power generation systems, GE Drivetrain Technologies;, Guangzhou, Guba County, Jihe Orient Wind Energy Company Ltd., Jinxiang Lu, Liaoning Province, Megawatt wind farm, Mongolia, renewable energy resources, Saiwusu, Saiwusu Wind Farm, Shenyang, Small & Micro Cap, Tsinghua University in Beijing, USD, wind energy potential;, wind turbine technologies


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