A-Power Receives RMB 68 million (US$ 10.2 million) Subsidy (APWR)

A-Power Energy Generation Systems, Ltd. APWR today announced that it received a RMB 68.17 million (approximately US$ 10.2 million) cash subsidy on January 6, 2011 from the Liaoning Provincial Government in support for the Company's acquisition in January 2010 of Evatech Co. Ltd. ("Evatech"), a designer and manufacturer of industrial equipment for liquid crystal displays, plasma display panels, and amorphous-silicon photovoltaic panels. Evatech is based in Japan. A-Power's acquisition of Evatech qualified the Company for certain subsidies that the Liaoning Provincial Government makes available for the acquisition of non-Chinese enterprises that have important technologies and patents. The subsidy is equivalent to approximately 20% of the total cost of the acquisition. The acquisition, completed in January 2010, was valued at US$ 49.9 million and was paid for with cash.