A-Power Announces $13.6 million Construction Agreement for Tesco in Yingkou, China

SHENYANG, China, Jan. 12, 2011 /PRNewswire-Asia/ -- A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) ("A-Power" or the "Company"), a leading provider of distributed power generation systems in China and a manufacturer of wind turbines, today announced that the Company has entered into an agreement with Yingkou Tesco Real Estate Co., Ltd., for a RMB 91.6 million (approximately US$ 13.6 million) construction project.

The project, located in the Yingkou Life Space Shopping Center in the Zhanqian district of Yingkou, Liaoning province, includes decoration, air conditioning and ventilation, fire system, and electrical and power substation construction.

Mr. Jinxiang Lu, A-Power's Chairman and Chief Executive Officer, said, "We are excited to announce this agreement with Tesco, a prominent international retailer that is rapidly expanding in China. This project highlights our well-connected project resources and flexible engineering capability. We hope to win additional projects in the commercial real estate market."

The project has started construction and is estimated to be fully operational by February 2011. A-Power will strictly comply with national and construction industry standards.

About A-Power

A-Power Energy Generation Systems, Ltd. ("A-Power"), through its China-based operating subsidiaries, is a leading provider of distributed power generation systems in China and is expanding into the production of alternative power generation systems. Focusing on energy-efficient and environmentally friendly distributed power generation projects of 25 to 400 megawatts, A-Power also operates one of the largest wind turbine manufacturing facilities in China. A-Power acquired Evatech Co. Ltd., a designer and manufacturer of industrial equipment for amorphous-silicon photovoltaic panels, in January 2010 and acquired Hallys Corporation in May 2010.

In addition to the establishment of strategic relationships with some of the world's leading wind energy design and engineering companies, A-Power has formed joint research programs with Tsinghua University and the China Academy of Sciences to develop and commercialize other renewable energy technologies.

For more information, please visit http://www.apowerenergy.com.

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