A-Power Wins $30.5 Million Contract to Build Biomass Power Plant in China

SHENYANG, China, March 14, 2011 /PRNewswire-Asia-FirstCall/ -- A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) ("A-Power" or the "Company"), a leading provider of distributed power generation systems in China and a manufacturer of wind turbines, today announced that on March 8, 2011 it signed a definitive contract with a total value of RMB 200.7 million (approximately US$ 30.5 million) to develop a biomass power plant consisting of two 15 megawatt power generation units for the Xin County Guangchao Biomass Power Generation LCC (the "Owner"). The project is expected to begin shortly and be completed by mid 2012.

The biomass power plant will be located in Xin county in the Shandong province of China. As the engineering, procurement, and construction contractor, A-Power will carry out the design and construction of the power plant, procurement, and installation of two 15 megawatt pure condensed steam turbine generator sets, two straw-fired boilers with a capacity of producing 75 metric tons of steam per hour, auxiliary equipment, a heat pipeline system, and final delivery of the facility to the Owner. When the power plant is permitted to connect to China's national electric grid, it will be able to generate about 150 million kilowatt hours of electricity each year.

About A-Power

A-Power Energy Generation Systems, Ltd. ("A-Power"), through its China-based operating subsidiaries, is a leading provider of distributed power generation systems in China and is expanding into the production of alternative power generation systems. Focusing on energy-efficient and environmentally friendly distributed power generation projects of 25 to 400 megawatts, A-Power also operates one of the largest wind turbine manufacturing facilities in China. A-Power acquired Evatech Co. Ltd., a designer and manufacturer of industrial equipment for amorphous-silicon photovoltaic panels, in January 2010 and acquired Hallys Corporation in May 2010.

In addition to the establishment of strategic relationships with some of the world's leading wind energy design and engineering companies, A-Power has formed joint research programs with Tsinghua University and the China Academy of Sciences to develop and commercialize other renewable energy technologies.

For more information, please visit http://www.apowerenergy.com. 

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SOURCE A-Power Energy Generation Systems, Ltd.