- Total contract value amounts to US$0.88 million & revenue to be
recognized in Q2 2009 per US GAAP would be roughly US$0.75 million
- Shidongkou No.2 Power Plant (2 x 660MW) is one of China’s new USC coal
power plants being built to replace small, dirty and inefficient coal
power plants
SHENYANG, China, June 10 /PRNewswire-Asia/ -- NF Energy Saving Corporation of America (OTC Bulletin Board: NFES) ("NF Energy"), a Chinese leader in energy efficient flow control systems, today announced the delivery of $0.75 million of energy-efficient flow control systems for Shanghai Huaneng’s USC Shidongkou No.2 plant with design capacity of 2 x 660MW of generation capacity. The flow control systems are expected to be installed in July.
Shanghai Huaneng’s USC Shidongkou No.2 plant is one of China’s new Ultra-Supercritical coal power plants being built to replace small, dirty and inefficient coal power plants. USC plants are on average 4% more efficient than supercritical units and 6% more efficient than traditional sub-critical units. USC plants’ coal usage of 272.9g/kWh is 7-11g/kWh lower than supercritical units and 18g/kWh lower than traditional sub-critical units.
On a recent visit to the plant, Mr. Zhengshen Yu, Party Secretary of Shanghai, said, “This is an important step in restructuring our power production system to systematically close down inefficient and worst polluting units to reduce emissions while guaranteeing power needed for GDP growth.”
"We are proud to have supplied flow control systems for this important project," commented Mr. Li Gang, Chairman and CEO of NF Energy. “Our tested technology in this field will continue to be deployed in future USC systems.”
About NF Energy Saving Corporation of America
Website: http://www.nfenergy.com
NF Energy Saving Corporation of America (OTCBB:NFES) 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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