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 wins flow control systems order for Shanghai gas power plant project
NF Energy Saving Corp (OTCBB: NFEC) said it won bidding on Phase I of the largest gas-fired power plant project in Shanghai. Products will be delivered in May 2010 and it expects to recognise revenue of US$540,000 in the second quarter of 2010.
The company, specialised in energy efficient flow control systems, said the total investment for the plant is estimated at US$800 million. It is planned to achieve 1,600 MegaWatts of electric output with four gas-steam combined cycle units.
Last week, the group announced it has delivered 147 sets of valves to the Western Water Plant phases of the Dahuofang water supply project, and will recognise revenue of US$640,000 in the fourth quarter 2009. The project will effectively solve the water supply problems in seven cities of central Liaoning province, including Shenyang, Fushun, Liaoyang, An'shan, Haicheng, Yingkou and Dalian.
Earlier in November, NF Energy Saving 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.
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
