China Power Equipment
China Power Equipment has developed a proprietary, patented technology to produce a new generation of energy saving transformers and transformer cores. The Company currently manufactures 55 different models of transformers in four product series which are sold throughout China.
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China Power Equipment scales up production of energy saving transformers
China Power Equipment is scaling up of its production of amorphous transformer and cores as a reaction to the National People's Congress Standing Committee resolution passed last week on "actively tackling" climate change.
China Power Equipment's amorphous transformers and cores provide up to 80 percent energy savings in no-load loss as compared to traditional steel transformers, and can reduce emissions of pollutants such as CO2 and SO2.
Last week's NPC's Standing Committee meeting resulted in China's commitment to "accelerate the country's attempts to tackle the pressing challenge of global warming." China has already sought to voluntarily curtail greenhouse gases emissions by 10 percent and reduce energy consumption by 20 percent per unit of gross domestic product from 2006 to 2010.
Commenting on this announcement, Song Yong Xing, Chairman of China Power Equipment, stated, "We are committed to being part of the solution to help China meet its growing energy needs while minimizing the environmental impact."
Mr. Song went on to say, "China Power Equipment intends to increase its manufacturing and distribution of amorphous transformers and cores by at least 200 percent for 2010 over 2009. This will be accomplished by both increasing production at the Company's existing facilities as well as hopefully adding additional production facilities during the first or second quarters of 2010."
