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Partners

General Electric Alliance

NF Energy signed a Strategic Cooperation Agreement with GE Enterprise Development (Shanghai) Co. LTD ("GE") in July 2009.

The Company is in cooperation with GE in following areas:

• GE will provide technical consulting services and advices in building automatic control to NF Energy's energy-saving projects in buildings and power plants.
• NF Energy will provide technical consulting services to GE's heat system energy management projects.
• NF Energy will purchase GE's products according to projects request.
• NF Energy and GE will seek cooperation opportunities in wind power and solar energy markets.

Recently, the Company’s cooperation with GE is dramatically expanded to include four additional energy saving BOT projects, including:

• A blast-furnace gas power generation project for a large iron and steel group, of which, the annual production capacity is 8 million tons of steel;
• A cow manure power generation project;
• A chicken manure power generation project;
• A pig manure power generation project.

GE will provide advanced technology as well as supply power generation equipment to NF Energy. The total investment of the projects is approximately $16.2 million. The construction period is expected to last six months and operation period will be between 8-20 years. Upon completion, the four energy saving BOT projects are expected to generate annual US GAAP revenue in excess of $10 million.

The GE technology which NF Energy will employ in the blast furnace waste recovery project at the Iron & Steel Co. is a proven technology which differs from other types of waste heat recovery technologies because it may use the low heating value blast furnace waste flue gas to produce steam for electric power generation. If not for the GE technology, blast furnace flue gas with low heating value would either be let go into the open air, causing pollution and leaving the heat unused, or have to be mixed for power generation with the flue gas from coking furnaces, which contains higher heating value and other usable chemicals. The GE waste heat to power technology is applicable in most steel plants in China and NF Energy's project of using the GE technology in the Iron & Steel Co. stands a win-win cooperative relationship between NF Energy and GE with great opportunities for duplicating the success into many other Chinese steel mills.

Global Environmental Facility (GEF) / World Bank (WB) / National Development and Reform Commission (NDRC)

The GEF/WB/NDRC China Energy Conservation Promotion Project began in 1997. It was sponsored by the GEF--the Global Environmental Facility and implemented by the World Bank in cooperation with the Chinese government. The Project's goal is to help China promote energy conservation and energy efficiency with a free market mechanism--Energy Performance Contract, which has been successful in Western developed countries.

The senior managers of NF Energy, especially Mr. Gang Li and Mrs. Lihua Wang, have more than ten years of experience in leading one of the pilot and demonstration companies of the GEF/WB/NDRC China Energy Conservation Promotion Project, and have succeeded in achieving investment, energy saving and environmental protection goals in more than 200 major industrial energy efficiency enhancement projects. NF Energy has developed a full range risk assessment and mitigation system for energy efficiency projects, from energy saving potential assessment, customer credit evaluation, technical solution design, technology and product procurement, engineering construction quality control, project operation management, to project financing and payment collection. NF Energy's experience in energy efficiency project profit maximization and risk mitigation has been used as training materials by China Energy Management Companies Association (EMCA) in its training programs for new energy service companies.

Municipal Government of Zibo City, Shandong Province

NF Energy signed Energy Conservation and Emission Reduction Cooperation Framework Agreement with municipal government of Zibo City, Shandong Province in November 2009. The two parties plan to set up a joint venture in Zibo City with total investment of RMB100 million. The joint venture’s main business is doing energy saving projects in terms of Energy Management Contract (“EMC”), including energy saving planning, consulting, energy auditing, providing energy saving solutions, engineering design, project financing, project management, energy saving technology development and production of energy saving products.

Osaka Gas, Japan

In July 2007, Liaoning Nengfa Weiye Group signed an agreement with Osaka Gas on an experimental project of concentration technology of low concentration coal bed methane in Fuxin Mining Administration Bureau.

The project lasts for two years and is expected to get provincial and national identification early next year, after which, the technology will be promoted in domestic coal companies.

The explored reserve of coal bed methane in China is 0.1 trillion cubic meters, but only 2.3 billion cubic meters are pumped from coal mines, within which, only ~40% is utilized and the rest 60% of low concentration coal bed methane is wasted due to technology constraints. Therefore, the technology of utilizing low concentration coal bed methane in power generation has large market potentials. NF Energy Saving Corporation will be engaged in these projects.

Schneider Electric SA

NF Energy signed a cooperation agreement with Schneider Electric (China) Investment Co., Ltd. in 2008 to establish strategic partnership in developing integrated energy saving and reconstruction projects. Schneider Electric is responsible for project development, and NF Energy Saving Corporation provides energy saving and reconstruction solutions regarding the heat, water and cooling systems, as well as being the project contractor of these reconstruction projects.