SHENYANG, China, January 31, 2015 /PRNewswire/ — (Clarifying press release on January 27, 2015) NF Energy Saving Corporation (NFEC) ("NF Energy" or the Company), a leading energy saving service solutions provider for China’s power, petrochemical, coal, metallurgy, construction and municipal infrastructure development industries, announced that it recently signed a $1.12 million sales contract with Gansu Coal Group, to supply a project with 23 sets of flow control equipment including electric butterfly valves and shutoff valves, sluice valves check valves, and steam trap valves, and more before the end of 2015.

This combined-heating-&-power (CHP) project has two units of 350 MW coal-fired, air-cooling power generation and heat supply system, in an area of 470,000 square meters. Employeeing advanced technologies for significant water and energy saving, this project will generate, upon commencement, 38.1 billion kWh of power yearly, replacing more than 180 units of small low-efficiency coal fired boilers, and to supply heating to 10 million squares of buildings. The total investment of this environment-friendly project is 3 billion Chinese yuan, of which the Company’s valves comprise a part.

About NF Energy Saving Corporation

NF Energy Saving Corporation (NFEC) is a China-based provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to provide energy saving services to clients. The Company’s customers are mainly concentrated in the electrical generation (large-scale thermal power generation, hydroelectric power, and nuclear power), water supply, and heat supply industries. The majority of revenues are from energy efficient flow control solutions including equipment and energy efficiency project services. For more information, visit http://www.nfenergy.com.

Safe Harbor Statement

The statements contained herein that are not historical facts are considered "forward-looking statements." Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, statements regarding the efficacy of investment in research and development are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the effect of political, economic, and market conditions and geopolitical events; legislative and regulatory changes that affect our business; the availability of funds and working capital; the actions and initiatives of current and potential competitors; investor sentiment; and our reputation. We do not undertake any responsibility to publicly release any revisions to these forward-looking statements to take into account events or circumstances that occur after the date of this report. Additionally, we do not undertake any responsibility to update you on the occurrence of any unanticipated events, which may cause actual results to differ from those expressed or implied by any forward-looking statements. The factors discussed herein are expressed from time to time in our filings with the Securities and Exchange Commission available at http://www.sec.gov.

Contact Person: Andy Gao
Phone Number: 0086-24-25609775
Email: info@nfenergy.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/clarification-nfec-signed-contract-with-gansu-coal-group-to-deliver-valve-products-300028582.html