Proprietary Systems to Be Used at Yunnan Amojiang Power Plant
Scheduled Delivery of $1.1 million of Energy-Efficient Flow Control Systems in Q3 2009
SHENYANG, China, July 21 /PRNewswire-Asia/ --
- Total contract value amounts to US$1.09 million in revenue to be
recognized in Q3 2009
- Per US GAAP would be roughly US$0.93 million
NF Energy Saving Corporation (OTC Bulletin Board: NFES; "NF Energy"), a Chinese leader in energy efficient flow control systems, today announced the $3.27 million of energy-efficient flow control systems for Yunnan Amojiang Hydro Power Plant, $1.09 million of which are to be delivered in Q3 2009.
Yunnan Amojiang Power Plant is a hydro power plant with design capacity of 99MW of generation capacity. Its total investment is RMB761 million (US$111.4 million).
"We are honored to participate in this important hydro project as it is an important component in China's move towards cleaner energy sources," commented Mr. Li Gang, Chairman and CEO of NF Energy. "We will continue to develop our energy-efficient flow control equipment in the hydro power market."
About NF Energy Saving Corporation
Website: http://www.nfenergy.com
NF Energy Saving Corporation (OTCBB: NFES - News) is a China-based provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to provide energy saving services to clients. Headquartered in Shenyang city of China, the Company currently has 220 employees and several proprietary energy saving technologies and patents.
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