SHENYANG, China, April 21, 2015 /PRNewswire/ -- NF Energy Saving Corporation (NASDAQ: 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 on 14 April, 2015, the Company signed a $420,000 sales contract in Shangrao City, Jiangxi Province, China, to provide flow control equipment to the city's drinking water supply system relocation project. This is the first contract the Company entered in 2015 for municipal water pipeline network construction business.
"Construction of underground municipal infrastructure", says Mr. Gang Li, Chairman of the Company, "will be an important field of investment in China. Therefore, the potential demand for valves, a key element for the underground construction engineering, is really huge."
It was reported that at a recent meeting on the economy of the northeast region of China, a key government official said, the central government will support local governments to launch some major infrastructure projects and increase investment in urban traffic systems, waterworks and underground pipelines etc. to improve municipal infrastructure and public services. Some projects planned for development between 2016-2020, can be kicked off ahead of schedule if conditions are ready and immediate services are demanded.
Under a policy of China's State Council announced last year, urban underground piping networks are expected to be improved nationwide within ten years. Shenyang, the home city of NF Energy, was selected by the Ministry of Construction as a pilot city of this plan. As a well-known manufacturer and supplier of large-diameter flow control devices in northeast China, we are striving actively on this opportunity for business development of our Company.
Phone Number: 0086-24-25609775
Email: [email protected]
SOURCE NF Energy Saving Corporation