A-Power Receives Advance Payment of $8.97M for Thailand Biomass Power Plant

A-Power Energy Generation Systems, Ltd. APWRtoday announced that it has received from Thailand's Biomass Electricity Co., Ltd. an advance payment of US$ 8.97 million that starts the implementation phase of a project to develop a 150 megawatt biomass-fueled power plant in the Prachinburi province of Thailand.

The $8.97 million deposit is 10% of the total equipment value in the contract. Biomass Electricity expects to make an advance payment for plant construction and equipment installation in a short time.