The two-phase project is expected to begin in September 2008 with the installation of a 24MW power station valued at $54 million. Completion of the first phase of the project is estimated for October 2009.
The second phase of the project includes a 100MW distributed power generation system valued at $141 million and is expected to begin in January 2009 with completion date to be determined after commencement.
Jinxiang Lu, chairman and CEO of A-Power, said: The signing of this contract is a testament to the market’s continued recognition of A-Power’s ability to design, construct and deliver local cost-effective power generation systems with the highest quality. With this contract, A-Power’s distributed power generation backlog has grown to exceed $800 million, up from approximately $650 million as of August 20, 2008.
