A-Power Energy Generation Systems Ltd. (APWR) Lands $90 Million Wind-Power Contract

In the company’s news yesterday,

A-Power Energy Generation Systems Ltd. announced a $90.5 million contract to develop a 49.5 Megawatt wind farm in the township of Saiwusu, Guba County in Inner Mongolia. The project, the Saiwusu Wind Farm, is for the Jihe Orient Wind Energy Company Ltd., and calls for A-Power to supply the wind turbines, towers, and foundations, as well as oversee all construction, subcontracting, and installation.

Equipment procurement alone is expected to be $84.2 million, with construction and installation another $4.8 million, and miscellaneous costs adding $1.5 million. The project is due to begin in early October, with completion planned for June of 2010.

Mr. Jinxiang Lu, Chairman and CEO of A-Power, commented on the project. “We are truly excited to embark on our first wind farm full-responsibility project. Inner Mongolia as we all know has the most promising wind energy potential among all of China’s provinces. Among the 787GW estimated exploitable wind power, only 1.6GW in capacity had been developed and installed as of September 2008, according to the Chinese Renewable Energy Industry Association. A-Power is very proud to set its foot in a region with such vast resources. We look forward to leveraging our superior wind turbine technologies, our engineering and construction expertise and our excellent relations with local governments, and making headways as a participant in the robust growth of the wind power market of China.”

Earlier this year, A-Power entered into an agreement to establish a joint-venture partnership with GE Drivetrain Technologies to produce wind turbine gearboxes in Shenyang. The company also has strategic relationships with Tsinghua University in Beijing, as well as the China Academy of Sciences in Guangzhou, to develop and commercialize other renewable energy resources.

About QualityStocks

QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 750,000+ subscribers that receive The Daily Stock Newsletters.

Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net 

Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.