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 signs contract with Fuxin HF Bio-energy for energy savings project in China
Energy saving services provider NF Energy Saving (OTCBB: NFEC) has signed a contract for work on an energy conservation project with bio-fuel production business Fuxin HF Bio-energy Development.
The project is designed to help 800 households in the Fuxin Mongolian Autonomous County of Liaoning province, China to upgrade their energy system by transitioning to a clean energy source that will use crop waste and straw.
The goal is to develop bio-fuels to replace the previous coal-powered energy source, reducing coal use by 15,000 tons per year and lowering environmental pollution.
NF Energy expects to generate revenue of US$882,000 from the contract, all of which will be reflected in fourth quarter figures.
Under the terms of the deal, NF Energy will provide technical consultancy and project design, including equipment set up and testing.
Fuxin HF Bio-energy Development Company, a subsidiary of HF Bio-energy Group, is involved in transforming traditional small coal-fired plants to bio-powered plants to generate heat and power.
The deal will allow NF Energy to expand its business in the bio-energy industry, it said.
NF Energy Saving is a China-based provider of energy conservation services to customers in the electrical generation (large-scale thermal power generation, hydroelectric power, wind power, and nuclear power), water supply, and heat supply industries.
The company was up more than 3.4% to $2.74 as of 11:00am ET on Tuesday.
Other NF Energy news
- NF Energy Saving shares down as Q4 earnings slide
2011-03-25 - 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 - NF Energy Saving named among Top 20 energy saving companies in China
2010-02-03
