NF Energy Receives Major Turn Key Project Contract over Coal Boiler Retrofit

SHENYANG, China, June 12, 2014 /PRNewswire/ -- NF Energy Saving Corporation (NFEC) ("NF Energy" or the "Company"), a leading energy saving services and solutions provider for China's power, petrochemical, coal, metallurgy, construction, and municipal infrastructure development industries, today announced that it has recently signed a RMB22 million (or $3.38 million) contract with an environmental protection company in Beijing for a major retrofit project over the industrial coal fired boilers owned by a Chinese aircraft manufacturing company.

According to the contract, NF Energy will provide and install boiler denitration, dust removal and desulfurization systems two sets of equipment at the project for sulfur dioxide and nitrogen oxide emissions reduction and dust removal. The Company's services include system design, equipment fabrication, supply and installation, as well as start up adjustment . 

Mr. Gang Li, Chairman, said , "as a result of the large emission of sulfur dioxide and nitrogen oxide from China's thermal power plants, industrial and space heating boilers, which are primarily fired with coal, the country has been faced with the increasing challenge of poor air quality and environmental pollution, including the heavy smog which has hit vast areas in China recently. It has been mandated in China's Energy Conservation and Emission Reduction Program for the 12^th 5 year Plan Period that energy efficiency enhancements and dust removal retrofits shall be conducted on coal fired industrial boilers and emission intensive industries such as iron, steel and cement making. Therefore, the Company hopes that this project contract will be one of many opportunities ".    

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

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