NF Energy Saving Corp. Announces Contract with China Guodian Corporation
SHENYANG, China, March 18, 2011 /PRNewswire-Asia/ -- NF Energy Saving Corp. (Nasdaq: NFEC) ("NF Energy" or the "Company"), a leading provider of energy management services and producer of energy efficiency products, announced today that it has signed a contract with China Guodian Corporation ("Guodian") for the supply of butterfly valves control systems. The contract value is RMB 3.08 million.
Pursuant to the contract, NF Energy will provide 16 electrical butterfly valve control systems and 8 hydraulic butterfly valve control systems to Guodian by August 2011.
"Guodian is a long-standing NF Energy customer and we are very pleased to work with them again," commented Mr. Gang Li, NF Energy's CEO. He added, "Although it is for a relatively small amount, we view this contract as a step in further strengthening our relationship with Guodian and in demonstrating our leadership in the energy conservation industry."
About China Guodian Corporation
China Guodian Corporation is one of the largest state-owned power generation groups in China. The core business of China Guodian includes the development, investment, construction, operation and management of power generation, and the sales of power and heat. China Guodian is engaged in both domestic and international financing, and international trade, economic cooperation, and international project contracting. It has a presence in 31 provinces (autonomous regions and municipalities), and over 120,000 employees.
About NF Energy Saving Corporation
NF Energy Saving Corporation (NASDAQ: NFEC) 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. The Company's customers are mainly concentrated in the electrical generation (large-scale thermal power generation, hydroelectric power, wind power, and nuclear power), water supply, and heat supply industries. The majority of revenues are from energy efficient flow control equipment and energy efficiency projects. For more information, visit http://www.nfenergy.com
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Investor Relations Contact:
Ms. Lihua Wang, Director & CFO
Mr. Mark Collinson, Partner
Tel: +86 24-8563 1159
Tel: +1 310-954-1343
NF Energy Saving Corp.
CCG Investor Relations
SOURCE NF Energy Saving Corporation
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