Additional US$ 2.9 Million Contract to be Signed Upon Phase One Completion
NF Energy Saving Corporation (OTC Bulletin Board: NFEC; “NF Energy”), a Chinese leader in energy efficient flow control systems, today announced it has been selected to provide a US $700,000 energy-efficient flow control system for a Russian Hydro Power Plant.
Upon successful completion of the project, the company is expected to sign an additional contract with the Russian Hydro Power Plant to supply additional energy-efficient flow control systems with a total contract value of US $2.9 million.
Mr. Li Gang, Chairman and CEO of NF Energy, commented, “We are very pleased to expand our presence into Russia and provide our energy-efficient flow control systems to this very large and well recognized Hydro Power Plant. The commitment to expand our contract upon successful completion of the first phase is further evidence of the cost effectiveness and quality of our systems.”
About NF Energy Saving Corporation
NF Energy Saving Corporation (OTCBB: 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. Headquartered in Shenyang city of China, the Company currently has 220 employees and several proprietary energy saving technologies and patents.