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NFEC 2.42
0.27 (10.04%)
Corporate Overview
NF Energy Saving Corporation (the “Company” or “NF Energy”), based in Shenyang, Liaoning Province, 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 for China’s electric power, petrochemical, coal, metallurgy, construction, and municipal infrastructure development industries.
The Company is a Chinese Representative Firm of The World Bank / Global Environment Facility (GEF), Member of Chicago Climate Exchange (CCX). Management has over 10 years experience and its products and services are widely used in all major cities in China.
The Company provides the following products and services:
Production and Sales of Energy Saving Flow Control Equipment
Products achieve 20% energy savings for pipelines transporting water, gas, oil, heat and air. The Company’s intelligence valve was awarded “Number One Energy Conservation Valve of China” by China Energy Conservation Association.
In 2007, the Company received contracts for the first three sections of the landmark “South-to-North Water Diversion Project”. The first two orders were completed and passed inspection in 2008. In 2008, The Company also received flow control equipment contracts for large water supply systems in seven cities in Liaoning Province.
Energy Conservation and Emission Reduction Projects and Services
Through energy auditing and energy conservation planning and energy management contract (EMC) model, an energy efficiency plan is implemented to reduce per unit energy consumption and green house gas emission for the service entity, whether this is a large factory, hospital, school or other institution.
The Company has teamed up with some of the leading companies in this field, including GE, Schneider Electric and Osaka Gas to provide cutting edge comprehensive energy saving solutions to its clients.
This is especially relevant as China State Council in its 11th Five-Year Plan (2005-2010) has set energy conservation and emission reduction targets to be achieved by local governments and industries and will invest no less than 1 trillion RMB to reach these energy savings goals by 2010. The Government will reward enterprises according to the total savings from their energy-saving projects and the Central government has set aside 7 billion RMB to support top 10 key energy saving projects. An important outcome of these regulations is that energy conservation and emission reduction will be important criterion in evaluating the performance of the leaders of local governments and large state owned enterprises. Government and enterprise leaders are now politically motivated to undertake energy conservation and emission reduction projects.
Wind Cogeneration Equipment
Current products include international wind power equipment components, such as 1.5MW wind power equipment system (the hub, forward engine room foundation, bearing seat, and back engine room chassis). 1.5 MW and GW200 lines of wind power equipment systems are in the R&D stage.
The Company’s customers are mainly concentrated in the electrical generation (large-scale thermal power generation, hydroelectric power, wind power, and nuclear power), water supply, and heat supply industries. The majority of revenues are from energy efficient flow control equipment and energy efficiency projects.