A-Power Gets $36.2 Million Wind Farm Contract

Chinese wind turbine manufacturer said Wednesday it secured a $36.2 million contract to develop a 19.5-megawatt wind farm in Eastern China.

NEW YORK (AP) -- Chinese wind turbine manufacturer A-Power Energy Generation Systems Ltd. said Wednesday it secured a $36.2 million contract to develop a 19.5-megawatt wind farm in Eastern China.

The wind farm, developed for a unit of Datang International Power Generation Co. Ltd., will be located in the Donggan, Rizhao City of Shandong Province.

According to the deal, A-Power will supply the wind turbines, the towers and the foundations. The company will also oversee the construction, subcontracting and installation for the project.

The Rizhao Donggang Wind Farm project, owned by Rizhao City Hengyuan Wind Power Co. Ltd., has an initial requirement of eight units of the 2.5/2.7 megawatt wind turbines and is expandable to 100 megawatts.

The project is scheduled to begin November, with an estimated completion time of November 2010.

The contract represents A-Power's second full-responsibility wind farm project since it signed a $90.5 million deal in September to develop a 49.5-megawatt wind farm in Inner Mongolia.

Shares of A-Power rose 85 cents, or 7.8 percent, to $11.75 in midday trading.

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