Naz News, Gappers and FLE's

[BarbaraB]

APWR 9:33AM A-Power Energy to develop a 49.5MW wind farm in inner Mongolia for Jihe Orient Wind Energy; total value of the contract is $90.5 mln (APWR) 10.22 +0.30 : Co announces it has won a "full-responsibility" contract to develop a 49.5MW wind farm in the township of Saiwusu, Guba County, Inner Mongolia for the Urat Rear Banner-based Jihe Orient Wind Energy. The total value of the contract is $90.5 million. A-Power is to supply the wind turbines, the towers and the foundations, and oversee the construction, subcontracting and installation for this project. The estimated cost breakdown is as follows: equipment procurement $84.2 million; construction and installation $4.8 million; miscellaneous $1.5 million. The project is due to commence early October this year and the estimated completion time is June 2010.