NF Energy Saving Corp. (NF Energy) has entered into a contract with Fuxin HF Bio-energy Development Company for working on an energy conservation project. NF Energy is a leading provider of energy saving services for China’s municipal infrastructure development, construction, metallurgy, coal, petrochemical and power industries.
NF Energy is anticipated to generate overall revenue of $882,000 (RMB 6 million) from this contract. Under the agreement, NF Energy is likely to offer project design, technical consultancy as well as the equipment for setup and testing.
This project will assist 800 homes in Fuxin Mongolian Autonomous County under the Liaoning province in China towards upgrading their energy systems by way of transitioning to a cleaner energy source which will use straw and crop waste. The objective of this project is towards developing bio-fuels for replacing the previously available energy sources that were coal-powered by way of reducing the usage of coal by 15,000 tons annually, thus, reducing environmental pollution.