A-Power Receives Two New Distributed Power Generation Contracts Worth a
Combined $72.3 Million
SHENYANG, China, Feb 12, 2008 (BUSINESS WIRE) -- A-Power Energy Generation
Systems, Ltd. (NASDAQ:APWR) (NASDAQ:APWRW) (NASDAQ:APWRU) ("A-Power") announced
today 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.