A-Power signs $43 million EPC Contract with China Resources Land Limited (Shenyang)
Thursday, Jan 13, 2020

A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) (“A-Power” or the “Company”), a leading provider of distributed power generation systems in China and a manufacturer of wind turbines, today announced that its 90% owned Liaoning International Construction Group Limited (“Liaoning”) has signed a RMB 288 million (approximately $43 million) engineering, procurement, and construction contract with China Resources Land Limited (Shenyang) to develop the Oak Bay real estate project. Liaoning will act as the engineering, procurement, and construction contractor for the construction of the first-stage and second-stage of the project.

The Oak Bay project is located on Baishan Road in the Yuhong district of the city of Shenyang, China. The first and second stages of the project include 9 townhouses, 16 western-style houses, and 4 multi-level houses that will total about 150,000 square meters, with 100,000 square meters of area located above ground level and 50,000 square meters located underground. The project started construction recently and is expected to be completed to the contract’s rough house specification on July 30, 2020.


Source: PR Newswire

Find out more about Asian Oil and Gas from NewsBase