NF Energy
NF Energy-saving Corporation of America was listed on NASD OTCBB stock market. (Trading Symbol: NFES.OB). The Company operates its business through its wholly owned subsidiary in China, Liaoning Nengfa Weiye Energy Technology Co., Ltd., which principally focus on manufacturing energy-saving equipments and new energy facilities, contracting with energy-saving & pollution reduction Turn-Key project, and operating Energy Management Contract (EMC) projects.
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NF Energy Saving delivers 1st batch of butterfly valves for Guangdong province power plant
Flow control systems maker NF Energy Saving Corp (OTCBB: NFEC) said it
has completed the 1st batch of energy efficient flow control systems
for a large power plant in Guangdong province.
Four butterfly
valves are to be delivered in the fourth quarter of 2009, and the
company expects to realise revenue of US$560,000 from the initial batch
in that period.
Another batch of four butterfly valves is to be delivered in 2010 and revenue of US$560,000 is to be recognized in 2010.
The
power plant is one of China's new Ultra-Supercritical coal power plants
being built to replace small, dirty and inefficient coal power plants
with design capacity of 2 x 1,000 megaWatts of generation capacity. It
will greatly improve the electricity supply in the Pearl River Delta
Area.
Only two weeks ago, the group delivered twelve electric
butterfly valves to a large thermal power plant in Gansu province,
generating revenue of US$300,000 in the fourth quarter 2009.
The
group in August announced it won a US$2.6 million order from the
Guangzhou Water Affairs Bureau to deliver 24 of its newly launched
DN3600 Ductile Iron Butterfly Valves.
Other NF Energy news
- NF Energy Saving shares down as Q4 earnings slide
2011-03-25 - NF Energy signs contract with Fuxin HF Bio-energy for energy savings project in China
2010-09-15 - NF Energy expects to increase revenue by at least 33% in 2010
2010-04-21 - NF Energy expects to benefit from Chinese policies for energy
2010-04-14 - NF Energy expects 2009 earnings to soar 250% as revenues climb 28%
2010-02-26
