SHENYANG, China, 10 July, 2014 /PRNewswire/ -- NF Energy Saving Corporation (NFEC) ("NF Energy" or the Company), a leading energy saving service solutions provider for China's power, petrochemical, coal, metallurgy, construction and municipal infrastructure development industries, announced today that it has recently signed a $0.28 million contract with Guangxi Baise Baikuang Power Co., Ltd. to supply its valve products to the supercritical thermal power generation unit located in Xinshan Aluminum Industrial Park. Delivery is expected to begin in November 2014.
The client is a subsidiary of Guangxi Baise Baikuang Group, a state-owned enterprise in diversified mining and related business including coal, manganese ore, bauxite, power generation, electrolytic aluminum, electrolytic manganese, coal mining machine building, logistics and coal mine engineering technical services. The client invested in late 2013 to develop the Xinshan aluminum industrial demonstration park centering on the coal-power-aluminum integration project to answer the government's call for energy conservation and emissions reduction. Equipped with advanced supercritical electricity generating technology, it is expect that the power plant will provide electricity to produce 300,000 tons of molten aluminum per year upon commencement.
Although the order represents a small percentage in the project investment, says Mr. Gang Li, CEO of NFEC, this contract has opened a strategic new market for our Company in future. Our Company will continue to expand its market share in the off-grid electricity-for-self-use power plant construction business owned by China's large state-owned industrial enterprises, in order to lay a solid foundation for the future development of the Company.
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, and nuclear power), water supply, and heat supply industries. The majority of revenues are from energy efficient flow control solutions including equipment and energy efficiency project services. For more information, visit http://www.nfenergy.com.
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SOURCE NF Energy Saving Corporation