SHENYANG, China, April 9, 2015 /PRNewswire/ — NF Energy Saving Corporation (NASDAQ: 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 today that it has recently signed a $98,000 sales contract with the Chifeng Xincheng Thermal Power Corp., a subsidiary of China Power Investment Corporation (CPIC), in connection with a new 2 x 300 MW power plant.
The sold equipment includes 2 sets of DK943X-25C electric vacuum butterfly valves. The order is anticipated to be delivered in July this year.
CPIC is one of the top five electricity producers in China. Since its establishment in 2006, the Company has supplied its flow control products to major thermal power plants and hydraulic power facilities of the top five electricity producers.
The Company plans to further penetrate into the traditional power generation facility retrofit market as well as new power plants with cutting edge technologies. The first quarter of 2015 has seen the Company enter into contracts of $0.5 million with power producer clients including Jinghai Coal Gangue Power Co. Ltd, Jilin Baicheng Power Co. and Wuhu Electric Power Company.
About NF Energy Saving Corporation
NF Energy Saving Corporation (NASDAQ: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.
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