A-Power starts construction of $36.5M Dalian project

A-Power has started constructing a 2x350 megawatt ultra supercritical power generation for GD Power Development Co., Ltd.

The contract for the US$ 36.5 million construction project was signed in November with the Number 2 Engineering Construction Company of the Northeast Electric Power Administrative Bureau.

"We are pleased to announce this contract, which adds to our growing project pipeline of the past few months. With the strong deal flow in fourth quarter of 2010, we are also continuously striving to improve our financial performance and enhance value for shareholders," said Mr. Jinxiang Lu, A-Power's Chairman and Chief Executive Officer.

 The construction area is located in the Economic and Technological Development Zone in Dalian, Liaoning province. A-Power Energy Generation Systems will take responsibility for construction and installation of the number 1 boiler, the number 1 generator set, ash removal system, electrical system, and affiliated equipment, plus some fuel supply system construction.
 The project is expected to be fully operational by September 30, 2011.