A-Power Energy Generation Systems, Ltd.(fka APWR)

[tnzalu]

APWR detailed writeup from website on Obama team meeting.

http://www.lngkny.org/english/gnly-show....

At 2:pm on Nov.16, 2009, Beijing China World hotel, Deputy mayor of Shenyang Mr. Yang Yazhou, deputy secretary in general of Shenyang municipal government Mr. Gu Shaoqing, A-Power’s chairman & CEO Mr. Lu Jinxiang and others participants met with Mr. Ron Kirk, trade representative at President Obama’s China delegation. As the US trade representative and member of Obama’s cabinet, he works as the major trade consultant for the president and takes on the roles of trade coordinator and speaker for US. Also being at the meeting there were Mr. Ma Lixin and Ms. Lu Ming, deputy director and vice division head both from Shenyang Foreign Affairs Office, Mr. Lin Haibo, deputy director of Hunnan Development Zone,Mr. John Shen Lin COO of A-Power and Ms. Wang Guijuan VP of Liaoning High-tech.
On this meeting, deputy mayor of Shenyang Mr. Yang Yazhou firstly introduced to Ron Kirk about situations of Shenyang Power Group, expressing his assent on the JV cooperation between US Renewable and SPG to co-develop the 600 MW wind farms in West Texas. Mayor Yang also pointed out that Shenyang municipal government would grant its full support and assistance both in policy and economically for SPG entering into US market. As the first equipments-manufacturing enterprise in Shenyang entering into US, SPG should become a famous brand name representing Shenyang. Yang warmly invited Ron Kirk to visit Shenyang at his convenience.
Representative Ron Kirk expressed a welcome attitude towards China investing in US especially in the field of green energy. In the past five years, China has become the country whose direct investment in US grew the fastest, with US anticipating more resources inputs from China into new projects in US.
Ron Kirk expressed his welcome attitudes towards co-investing by US Renewable and SPG to build the 600 MW wind farms in West Texas. As being the former mayor of City of Dallas and long-time resident in Texas, Representative Ron Kirk feels excited about the project located in West Texas. President Obama also holds an affirmative attitude towards Sino-US cooperation in the field of green energy and other energy sectors.
With regards to the planned 320,000 sq. feets wind turbine assembly plant in US, Ron Kirk has an approving view too. With a total production capacity of 1100MW（1.1GW）, the plant will bring the employment opportunities to the local people in US. The construction of this wind farm project will symbolize Shenyang’s equipments-manufacturing industry starts to occupy the US market. Through this mutual investment between the two countries with this project, the friendship between the two nations will be strengthened too.
After the talk, A Power, SPG and US renewable signed an intent agreement which foresees a new history of cooperation in new energy field between the two nations.