Wangkeng Hydroelectric Station Power Purchase and Sale Contract

Exhibit 4.108

Fujian Province
Electric Power Co., Ltd.

(as Buyer)

and

Pingnan County Wangkeng
Hydroelectric Co., Ltd.

(as Seller)

Wangkeng Hydroelectric Station

Power Purchase
and Sale Contract

Date: 28 June 2010

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|        |                                                      |   
|------- | ---------------------------------------------------- | --
|Content
|        |                                                      |   
|1       | Definition and Interpretation                        | 4 
|        |                                                      |   
|2       | Representations of Each Party                        | 5 
|        |                                                      |   
|3       | Obligations of Each Party                            | 5 
|        |                                                      |   
|4       | Purchase and Sale of Electric Quantity               | 6 
|        |                                                      |   
|5       | On-grid Tariff                                       | 6 
|        |                                                      |   
|6       | Power Measurement                                    | 6 
|        |                                                      |   
|7       | Electric Quantity
 Measurement                       | 8 
|        |                                                      |   
|8       | Electricity Fees
 and Payment Settlement             | 8 
|        |                                                      |   
|9       | Force Majeure                                        | 10
|        |                                                      |   
|10      | Non-plan Shutdown                                    | 11
|        |                                                      |   
|11      | Default Liability                                    | 11
|        |                                                      |   
|12      | Effectiveness and
 Term of the Contract              | 11
|        |                                                      |   
|13      | Applicable Law                                       | 12
|        |                                                      |   
|14      | Alteration, Transfer and Termination of the Contract | 12
|        |                                                      |   
|15      | Dispute Settlement                                   | 12
|        |                                                      |   
|16      | Miscellaneous                                        | 13

2

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Power Purchase and Sale Contract

This Power Purchase and Sale
Contract, (hereinafter the Contract)
is entered into by and between the following two parties:

The Buyer: Fujian Province Electric Power Co., Ltd., a
power grid operation enterprise registered with Fujian Provincial
Administration for Industry and Commerce. It has obtained the power supply
business permit (Permit No. 3041908-0003) issued by the State Electricity
Regulatory Commission; its tax registration No. is 350103158142631; its
domicile address is No.257 Wusi Road, Fuzhou City, Fujian Province; its legal
representative is Li Weidong.

The Seller: Pingnan County Wangkeng Hydroelectric Co., Ltd.,
a power generation enterprise with legal person status. It was established by
the approval document (Min Ji Ji Chu [2002] No. 130) of Fujian Provincial
Development and Planning Commission, and registered with Fujian Provincial
Administration for Industry and Commerce. It has obtained the power generation
permit (Permit No. 1041906-00015) issued by the State Electricity Regulatory
Commission; its tax registration No. is 350923738029694; its domicile address
is 5/F. Cuibai Building, Chengguan, Pingnan County, Fujian Province; its legal
representative is John Douglas Kuhns.

The two Parties have provided the following
contact addresses and the bank account information:

Buyer: Fujian Province Electric Power Co.,
Ltd.

Address: No.257 Wusi Road, Fuzhou City,
Fujian Province

Postal Code: 350003

Attention: General Manager Office

Fax: 0591-87555121

Tel: 0591-87076116 (General Manager
Office), 87076575 (trading center)

Name in the Bank Account: Fujian Province
Electric Power Co., Ltd.

Account Bank: North Wusi Road sub-branch,
Fuzhou, Industrial and Commercial Bank of China

Account No.: 1402013209003420270

Seller: Pingnan County Wangkeng
Hydroelectric Co., Ltd.

Address: 5/F. Cuibai Building, Chengguan,
Pingnan County, Fujian Province

Postal Code: 352300

Attention: Wu Zongcan

Tel: 0593-3385938

Fax: 0593-3332698

Name in the Bank Account: Pingnan County
Wangkeng Hydroelectric Co., Ltd.

Account Bank: Industrial Bank Co., Ltd.

Account No.: 131010100100106711

Whereas

3

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|    |                                                                                                                                                                                                                                 
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | The Seller owns, manages, operates and
maintains the Wangkeng Hydroelectric Station with total installed capacity of
40 MW at Wangkeng Village, Tangkou Township, Pingnan County of Fujian
Province (hereinafter the Station);
|    |                                                                                                                                                                                                                                 
|(2) | The Station has been connected to the power
 grid managed and operated by the Buyer for operation.                                                                                                                              

Pursuant to the Contract Law of
the Peoples Republic of China, Power Law of the Peoples Republic of China,
Regulations for the Administration of Power Grid Dispatching and other state
laws and regulations, the two Parties have agreed to enter into this Contract
in the principle of equality, voluntariness, honesty and good faith.

|    |                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|--- | --------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1   | Definition and Interpretation                                                                            
|    |                                                                                                          
|1.1 | Unless otherwise required by the context, terms
 used in this Contract shall have the following meanings:
|    |                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|    | 1.1.1                                                                                                     | Station means the power generation
 facility with a total installed capacity of 40 MW (unit capacity is 20 MW;
 installed number of generators is 2, i.e., #1 unit and #2 unit) located at
 Wangkeng Village, Tangkou Township, Pingnan County of Fujian Province, and is
 owned, operated and managed by the Seller and all auxiliary facilities
 stretching to the property demarcation point.                                                                                                                                                              
|    |                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|    | 1.1.2                                                                                                     | Grid Connection and Dispatching Agreement
 means the agreement in respect of connection of the power station to the
 power grid and power dispatching arrangement between the Buyer and the
 Seller.                                                                                                                                                                                                                                                                                                                                                          
|    |                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|    | 1.1.3                                                                                                     | Buyers Reason refers to the Buyers
 request or liability, including the liability for the expansion of an
 accident resulting from the Buyers failure to abide by the relevant state
 laws and regulations.                                                                                                                                                                                                                                                                                                                                                
|    |                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|    | 1.1.4                                                                                                     | Sellers Reason refers to the Sellers
 request or liability, including the liability for the expansion of an
 accident resulting from the Sellers failure to abide by the relevant state
 laws and regulations.                                                                                                                                                                                                                                                                                                                                             
|    |                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|    | 1.1.5                                                                                                     | Emergency means accidents occurred to the
 power grid, or material accidents occurred to the power generation and supply
 equipments; or power grid frequency or voltage exceeds the stipulated range;
 or the load for transmission or transformation exceeds stipulated value; or
 the capacity value of the trunk line exceeds the stipulated stability limit,
 or other events that may threaten safe operation of the power grid,
 jeopardize the stability of power grid, resulting in the collapse of the
 power grid, or power outage in a large area.
|    |                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|    | 1.1.6                                                                                                     | Business Day means a calendar day other
 than the statutory public holidays. If a day agreed for payment is not a
 business day, then the immediate next business day of that date shall be the
 date of payment.                                                                                                                                                                                                                                                                                                                                             
|    |                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|    | 1.1.7                                                                                                     | Force Majeure means any objective event
 that can not be foreseen, avoided and overcome, including volcano, twister,
 tidal wave, storm, mud-rock flow, mountainside slide, flood, fire, earthquake
 that exceeds the designed anti-earthquake standard, typhoon, lightning, fog
 flashover, etc., as well as nuclear radiation, war, epidemic, riot, etc.                                                                                                                                                                                                    
|    |                                                                                                          
|1.2 | Interpretation                                                                                           
|    |                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|    | 1.2.1                                                                                                     | Headings in this Contract are for
 convenience only and shall not in any event affect the interpretation of this
 Contract.                                                                                                                                                                                                                                                                                                                                                                                                                                     
|    |                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|    | 1.2.2                                                                                                     | The appendices to this Contract and the
 Contract itself shall have the same legal effect.                                                                                                                                                                                                                                                                                                                                                                                                                                                                      

4

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|    |                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                     
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    | 1.2.3                                                                                                                                                                                                                                                                                                                 | This Contract shall have binding effect on
 the legal assignee of either Party, provided otherwise agreed by the Parties.                                                                                                                                                                                                                           
|    |                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                     
|    |                                                                                                                                                                                                                                                                                                                       | In the event specified in this clause,
 relevant obligator shall perform necessary notification obligation and carry
 out all legal procedures according to law.                                                                                                                                                                                    
|    |                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                     
|    | 1.2.4                                                                                                                                                                                                                                                                                                                 | Unless the context otherwise requires, day,
 month or year referred to in this Contract shall all refer to the day, month
 or year of the Gregorian calendar.                                                                                                                                                                                       
|    |                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                     
|    | 1.2.5                                                                                                                                                                                                                                                                                                                 | Including in this Contract means
 including but not limited to.                                                                                                                                                                                                                                                                                   
|    |                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                     
|2   | Representations of Each Party                                                                                                                                                                                                                                                                                        
|    |                                                                                                                                                                                                                                                                                                                      
|    | Each Party represents to the other Party
 that:                                                                                                                                                                                                                                                                      
|    |                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                     
|2.1 | It is an enterprise legally established and
 existing under the law, and has the power to execute and perform this
 Contract.                                                                                                                                                                                        
|    |                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                     
|2.2 | It has completed all procedures (including
 procedures for obtaining the requisite approvals, business license and
 permits, etc., from the government) necessary for the execution and
 performance of this Contract, which are legal and effective.                                                                
|    |                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                     
|2.3 | As of the date of execution of this
 Contract, no judgment, award, decision or any specific administrative action,
 which may have material adverse effects on the ability to perform this
 Contract, has been declared or taken by any court, arbitration organ,
 administrative authorities or regulatory agencies.
|    |                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                     
|2.4 | It has completed all procedures for
 obtaining the internal authorizations necessary for the valid execution of
 this Contract. The signatory of this Contract shall be its legal
 representative or entrusted agent. Once this Contract comes into force, it
 shall have legal binding effect on both Parties.      
|    |                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                     
|3   | Obligations of Each Party                                                                                                                                                                                                                                                                                            
|    |                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                     
|3.1 | The Buyers obligations shall include:                                                                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                     
|    | 3.1.1                                                                                                                                                                                                                                                                                                                 | purchasing the power generated by the units
 of generators of the Seller in accordance with this Contract;                                                                                                                                                                                                                                          
|    |                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                     
|    | 3.1.2                                                                                                                                                                                                                                                                                                                 | abiding by the Grid Connection and
 Dispatching Agreement entered into by the Buyer and the Seller, operating and
 maintaining the power transmission and transformation facilities, ensuring
 safety of the power system and operating in an efficient and economical
 manner in accordance with the standards of the state and the power industry;
|    |                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                     
|    | 3.1.3                                                                                                                                                                                                                                                                                                                 | performing power dispatching work and
 disclosing information in an open, fair and equitable manner in accordance
 with relevant state provisions, and providing information about the power
 load, back-up capacity, operation of transmission and transformation
 facilities, etc.;                                                               
|    |                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                     
|    | 3.1.4                                                                                                                                                                                                                                                                                                                 | providing the power required for the
 restart of the units of generators of the Station to the Seller in accordance
 with the relevant state provisions or agreement between the Parties;                                                                                                                                                           
|    |                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                     
|    | 3.1.5                                                                                                                                                                                                                                                                                                                 | compensating the Seller for the reasonable
 costs incurred for its provision of support services with compensation as
 required in accordance with the relevant state provisions;                                                                                                                                                                   
|    |                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                     
|3.2 | The Sellers obligations shall include:                                                                                                                                                                                                                                                                              

5

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|    |                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    | 3.2.1                                                                                                                                                                                                                                              | selling power conforming to the standards
 of the state and the power industry to the Buyer;                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|    |                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | 3.2.2                                                                                                                                                                                                                                              | abiding by the Grid Connection and
 Dispatching Agreement entered into by the Buyer and the Seller, submitting to
 the unified power dispatching, operating and maintaining the Station in
 accordance with the standards of the state, the power industry and the
 dispatching regulations, ensuring that the operating capacity of the
 generators reach the technical standards and provisions formulated by the
 relevant state authorities, maintaining safety of the power system and
 operating in an efficient and economical manner;
|    |                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | 3.2.3                                                                                                                                                                                                                                              | providing reliability indicator of the set
 of generators and operation of the equipment of the Station to the Buyer on a
 monthly basis; reporting any equipment defects in a timely manner, regularly
 submitting the generators checking and repairing plan, and strictly observing
 the generators checking and repairing plan which has been uniformly arranged
 and balanced by the Buyer and agreed by both Parties;                                                                                                                  
|    |                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | 3.2.4                                                                                                                                                                                                                                              | compensating the Buyer for the reasonable
 costs incurred for its provision of support services with compensation as
 required in accordance with the relevant state provisions;                                                                                                                                                                                                                                                                                                                                                             
|    |                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | 3.2.5                                                                                                                                                                                                                                              | not supplying power directly to users
 without approval of relevant state authorities.                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|    |                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|4   | Purchase and Sale of Electric Quantity                                                                                                                                                                                                            
|    |                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|4.1 | The total on-grid electric quantity shall
 be composed of the basic on-grid electric quantity and the on-grid electric quantity
 acquired by other ways of transaction.                                                                           
|    |                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | 4.1.1                                                                                                                                                                                                                                              | Basic on-grid electric quantity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    |                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    |                                                                                                                                                                                                                                                    | The basic on-grid electric quantity refers
 to the electric quantity generated in accordance with the annual power
 generation adjustment plan and the moderation plan of the power
 administrative department at the provincial level, actual situation of the
 power grid and water volume from the power plant of the reservoir, and by
 following the principle of full utility of renewable energy.                                                                                                                                     
|    |                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    | 4.1.2                                                                                                                                                                                                                                              | On-grid electric quantity acquired by other
 ways of transaction                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|    |                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    |                                                                                                                                                                                                                                                    | The on-grid electric quantity acquired by
 other ways of transaction refers to the on-grid electric quantity determined
 by other transaction contracts entered into by the Buyer and the Seller in
 accordance with relevant provisions of the state or Fujian Province.                                                                                                                                                                                                                                                                    
|    |                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|5   | On-grid Tariff                                                                                                                                                                                                                                    
|    |                                                                                                                                                                                                                                                   
|5.1 | The on-grid tariff of the basic on-grid
 electric quantity shall be the tariff determined by the department that has
 the power to determine the tariff and in accordance with relevant provisions.                                               
|    |                                                                                                                                                                                                                                                   
|5.2 | The on-grid tariff of the on-grid electric
 quantity acquired by other ways of transaction shall be the tariff agreed in
 relevant transaction contracts in accordance with relevant transaction rules,
 policies or provisions.                  
|    |                                                                                                                                                                                                                                                   
|6   | Power Measurement                                                                                                                                                                                                                                 
|    |                                                                                                                                                                                                                                                   
|6.1 | Metering Point                                                                                                                                                                                                                                    
|    |                                                                                                                                                                                                                                                   
|    | The on-grid and off-grid electric quantity
 metering points are located at the switch (11A) in the Wangkeng Station and
 the switch (14A) in Daixi Station. The diagram indicating the metering points
 in the Stations is attached as Schedule 1.
|    |                                                                                                                                                                                                                                                   
|6.2 | Electric Quantity Measuring Devices and
 Relevant Equipments                                                                                                                                                                                      

6

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|    |                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    | 6.2.1                                                                                                                                                                                                                                                                                                                                                                                                                                  | An electric quantity measuring device shall
 include the kilowatt-hour meter, voltage mutual inductor for measurement,
 current mutual inductor and second return circuit, electric quantity
 measurement container/screen/box, etc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|    | 6.2.2                                                                                                                                                                                                                                                                                                                                                                                                                                  | The electric quantity measuring devices
 shall be allocated in accordance with the requirements set out in the Electric
 Quantity Measuring Device Technical Management Regulations (DL/T4482000).
 The second return circuit connecting terminal, the testing terminal and the
 electric quantity measurement container/screen/box of the electric quantity
 measuring device shall have the conditions to meet the requirement for
 sealing up. The second return circuit of the voltage mutual inductor shall
 not be inserted any auxiliary connection point of the partition switch, nor
 any voltage-compensating device of any kind.                                                                                                                                                                                                                                                                                                                           
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|    | 6.2.3                                                                                                                                                                                                                                                                                                                                                                                                                                  | The measurement of electric quantity shall
 be measured by the electronic multi-functional kilowatt-hour meter which shall
 have the bi-directional active power (accuracy degree is 0.2S and above) and
 4-motion-control inactive power (accuracy degree is 2.0) measuring functions.
 Technical functions of the kilowatt-hour meters shall conform to the relevant
 standards and technical specifications of the state and the power industry,
 and at the same time have such functions for the settlement of tariff as
 back-up electric source, standard communication interface, recording of
 losing voltage, recording of losing voltage time, time comparison recording
 of events, etc. The kilowatt-hour meter shall also the functions of local
 data communication (or through electric energy remote terminal) and remote
 transmission, and be able to connect the management system of the Buyers
 electric quantity information collection centre.
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|    | 6.2.4                                                                                                                                                                                                                                                                                                                                                                                                                                  | Prior to the operation of the electric
 quantity measuring device, the owner of such device shall engage a qualified
 electric quantity measuring inspector acceptable to both Parties to conduct a
 technical inspection on its technical functions and management situation. It
 shall then undergo the acceptance inspection by the Parties in accordance
 with Clause 6.2.2. An electric quantity measuring device failing to pass the
 acceptance inspection shall not be put into use.                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|    | 6.2.5                                                                                                                                                                                                                                                                                                                                                                                                                                  | The electric quantity measuring device
 shall be inspected and tested by a qualified electric quantity measuring
 inspector acceptable to both Parties. Once the inspection is passed, such
 device shall be sealed with a sealing slip, affixed with official seal or
 sealed up by other means. No Party shall be allowed to willfully break the
 seal, making changes to the measuring device or replace components of the
 measuring device. If a Party desires to make technical renovation to the
 device, it shall obtain the consent of the other Party. The renovation may
 take place only when representatives of both Parties are present on the spot.
 It can be put into use only when it has passed the acceptance inspection in
 accordance with Clause 6.2.4.                                                                                                                                                                                         
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|    | 6.2.6                                                                                                                                                                                                                                                                                                                                                                                                                                  | The Seller shall establish electric
 quantity checking points at the switch (61A) of the Wangkeng Station and the
 switch (64A) of Daixi Station respectively. The configuration of the electric
 quantity measuring device for the checking purpose shall follow the technical
 requirements of the electric quantity measuring device at the gateways.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|    | 6.2.7                                                                                                                                                                                                                                                                                                                                                                                                                                  | If an electric quantity measuring device
 fails to meet the technical specifications due to historical reasons,
 technical measures shall be taken to improve it. Once improved, an
 application, together with the diagram of the improved device at the gateway,
 shall be filed for conducting an acceptance inspection.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                        | Defects with the electric quantity
 measuring device at the gateway and the renovation requirement is attached
 herein as Schedule 4.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|6.3 | The Seller shall bear the costs for the
 purchase, installation, commissioning of the gateway electric quantity
 measuring device, and be responsible for the daily management and
 maintenance. If a gateway electric quantity measuring device is used for both
 on-grid electric quantity measurement and the grid-supply electric quantity
 measurement, the Buyer shall render assistance with daily management and
 maintenance.

7

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|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|6.4 | Inspection and operation management of
 electric quantity measuring device                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    | 6.4.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | The first inspection, periodic inspection
 (by turn) and periodic on-spot inspection of electric quantity measuring
 devices as well as trouble clearing shall be conducted by a qualified
 electric quantity measurement inspector appointed jointly by the Parties. The
 first inspection, periodic inspection (by turn) and periodic on-spot
 inspection of electric quantity measuring devices as well as trouble clearing
 shall be conducted in accordance with relevant standards, rules and
 regulations of the state and the power industry. Costs incurred shall be
 borne by the Seller.                                                                                              
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    | 6.4.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | Either Party may, at any time, request an
 additional inspection or test of an electric quantity measuring device apart
 from the periodic or periodic on-spot inspections. Such inspection or test
 shall be conducted by a qualified electric quantity measurement inspector
 acceptable to both Parties. If the inspection or test shows that the range of
 error of the electric quantity measuring device fails to meet the
 requirements, the costs incurred shall be borne by the Seller; in case the
 range of error of the electric quantity measuring device meets the
 requirements, the costs incurred shall be borne by the Party requesting for
 the additional inspection or test.
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|6.5 | Addressing of abnormal measurement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    | Whenever a Party is aware that an electric
 quantity measuring device provides inaccurate or abnormal readings, or it
 occurs breakdown, which affects the measurement of electric quantity, it
 shall immediately notify the other Party and a qualified electric quantity
 measurement inspector acceptable to both Parties to jointly locate the defect
 and restore its normal measurement function as soon as possible. The Parties
 may determine the electric quantity according to the electric quantity
 measured at the electric quantity checking points net the line loss quantity
 (the line loss quantity is calculated by making reference to the line loss
 quantity normally occurred to the same amount of electric quantity). If there
 is no sufficient basis to determine the electric quantity occurred during the
 period of breakdown or measurement inaccuracy, it shall be separately
 determined by the Parties through consultations.
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|7   | Electric Quantity
 Measurement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|7.1 | Electric Quantity Measurement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    | According to the Agreement entered into by Ningde Electric Power
 Industry Bureau, Pingnan County Wangkeng Hydroelectric Co., Ltd. and Fujian
 Tongda Hydroelectric Co., Ltd. on 30 March 2010 (see Schedule 3), on-grid
 electric quantity of Daixi Power Station = 14A - 14A*2.2%
 electric quantity transmitted to the grid                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    | Daixi power station grid supply electric quantity = 14A grid inverse
 electric quantity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    | Wangkeng Station on-grid electric quantity = 11A - 11A*2.2%
 electric quantity transmitted to the grid                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    | Wangkeng Station grid supply electric quantity = 11A grid inverse
 electric quantity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|8   | Electricity Fees
 and Payment Settlement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|8.1 | Electricity Fees Calculation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    | 8.1.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | All fees between both Parties shall be
 denominated and paid in RMB.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    | 8.1.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | On-grid electricity fees                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | The on-grid electricity feesshall be calculated according to the
 formula below:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | On-grid electricity fees = On-grid electric quantity × corresponding
 on-grid tariff                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             

8

---



|    |                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|--- | ------------------------------------------------------------------------------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                | On-grid electric quantity and corresponding on-grid tariff shall be
 determined according to Clause 7 and Clause 5 of this Contract.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|    |                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|8.2 | Settlement Procedures of On-grid Electric Quantity and Electricity
 Fees      
|    |                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|    | 8.2.1                                                                          | Meter Reading and Confirmation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|    |                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|    |                                                                                | The meter-reading time shall be zero hour
 of 28th each month. The electric quantity at all metering points set out in
 Clause 6.1 shall be recorded when the meter-reading is conducted. Electric
 quantity shall be determined by the figures shown in the meter. If the remote
 reading through the tariff calculation system can satisfy the requirement of
 tariff settlement, such reading can be used for tariff settlement, provided
 that on-site meter reading shall be conducted every three months for the
 purpose of checking. If the remote reading through the tariff calculation
 system is different from figures shown in the kilowatt-hour meter, the latter
 shall prevail. The above figures shall be subject to the signing confirmation
 and archival filing of the Seller and the electric power industry bureau to
 which the Buyer belongs.                                                                                                                                                                                                                                                                                                               
|    |                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|    |                                                                                | After meter reading, the Seller shall fill
 in the Pre-settlement List of Electric Quantity and Fees and fax it to the
 Buyer with its official seal affixed in the next day of the meter reading.
 The Buyer shall confirm the on-grid electric quantity with the Seller prior
 to the 5th of the following month.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    |                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|    | 8.2.2                                                                          | Calculation, Checking, Adjustment and
 Confirmation of Electricity Fees                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    |                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|    |                                                                                | After the confirmation of the on-grid
 electric quantity, the Seller and the Buyer shall calculate, check, adjust
 and confirm the on-grid electricity fees. The Buyer shall complete the work
 in relation to the calculation, checking, adjustment and confirmation of the
 on-grid electricity fees with the Seller within 5 Business Days from the date
 on which the purchased electric quantity is confirmed.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    |                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|    | 8.2.3                                                                          | Payment of Electricity Fees                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|    |                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|    |                                                                                | Given the relevant taxation regulations and
 requirements regarding financial cost, after the meter reading on 28th of
 every month, the Seller shall issue a VAT invoice (issue date shall be in the
 month in which the meter reading is conducted) according to the
 Pre-settlement List of Electric Quantity and Fees filled in by it, and send
 such invoice to the Buyer prior to 5th of next month. The Buyer, after receiving
 the original copy of the VAT invoice, shall pay 50% of the on-grid
 electricity fees within 5 Business Days of the on-grid electricity fees
 confirmation date, and pay off the on-grid electricity fees of the period
 within 15 Business Days of the on-grid electricity fees confirmation date. If
 there is any difference between the electricity fees indicated on the VAT
 invoice issued by the Seller for that month and the electricity fees
 confirmed by the Buyer for that month, both the Buyer and the Seller shall
 settle any difference during the electricity fees settlement next month. The
 Seller and the Buyer shall complete the annual electricity fees settlement
 work prior to February 10 of the following year.
|    |                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|8.3 | Form of Payment                                                               
|    |                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|    | The Buyer may elect any of the following
 methods to pay the electricity fees:
|    |                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|    | (1)                                                                            | By cheque and remittance settlement method.
 The Buyer shall directly remit the fees to the bank account indicated on the
 Sellers VAT invoice. In case of any change of the Sellers account number,
 the Seller shall promptly notify the Buyer in writing, otherwise the losses
 caused therefrom shall be borne by the Seller;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    |                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|    | (2)                                                                            | By commercial bill (bank acceptance bill
 and commercial acceptance bill). In case of such payment form, the issue date
 of the commercial acceptance bill shall meet the requirements related to the
 payment time as agreed in the contract. Any interests or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      

9

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|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                      
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | service fees arising therefrom shall be
 borne by the Buyer (which means the Buyer shall pay the interests). The Buyer
 shall designate a discount bank (a closed-end discount).                                                                                                                                     
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                      
|8.4 | Settlement and Annual Clearance of
 Liquidated Damages                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                      
|    | 8.4.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | In respect to any outstanding amount due
 and payable from one Party to the other Party under this Contract, the
 liquidated damages for each delayed day shall be paid to such other Party at
 the rate of 0.02% of the outstanding amount.                                                                         
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                      
|    | 8.4.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Work related to the examined electric
 quantity as set out in the Grid Connection and Dispatching Agreement and work
 for the settlement and annual clearance of liquidated damages shall be
 conducted according to the provisions in the Agreement and relevant
 regulations of competent governmental authorities.
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                      
|8.5 | Payment of the Fees for Grid Supply
 Electric Quantity                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                      
|    | The Seller shall sign a power supply and
 use agreement with Ningde Electric Power Industry Bureau to which the Buyer
 belongs, and pay the fees according to the grid supply electric quantity and
 the regulated tariff on monthly basis.                                                                                                                                                                                                                                                                         
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|8.6 | Data and Record                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|    | The Seller and the Buyer agree to
 respectively keep the original data and records for checking the accuracy of
 the statements, recorded examinations or calculations to a reasonable extent
 according to this Contract.                                                                                                                                                                                                                                                                                          
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|9   | Force Majeure                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|9.1 | If the occurrence of the Event of Force Majeure totally or partially
 prevents a Party performing any of its obligations under this Contract, such
 Party may suspend performing its obligations, provided that:                                                                                                                                                                                                                                                                                                    
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                      
|    | (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | the extent to and time period for the
 obligation suspension shall not exceed the extent and time period as
 reasonably required for eliminating the impact caused by the Event of Force
 Majeure;                                                                                                                   
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                      
|    | (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | the Party which is affected by the Event of
 Force Majeure shall continue its other obligations under this Contract which
 are not affected by the Event of Force Majeure;                                                                                                                                           
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                      
|    | (3)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | once the Event of Force Majeure ends, such
 Party shall resume the performance of this Contract as soon as possible.                                                                                                                                                                                                 
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                      
|9.2 | If any Party is prevented from performing this Contract due to any
 Event of Force Majeure, such Party shall notify the other Party in writing as
 soon as possible, indicating the occurrence date of the Event of Force
 Majeure, the time period during which the Event of Force Majeure is estimated
 to last, the nature of the event, the impact on the performance of such Party
 of this Contract, and any measures that have been taken by such Party to
 reduce the impact of such Event of Force Majeure.
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                      
|    | The Party which is affected by any Event of Force Majeure shall
 provide the other Party with an evidential document in relation to the
 occurrence of the Event of Force Majeure within 30 days from the date on
 which such event occurs (in case of interruption of communication, from the
 date on which the communication resumes).                                                                                                                                                                           
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|9.3 | Both Parties affected by the Event of Force Majeure shall take
 reasonable steps to reduce the losses suffered by one or both of the Parties.
 Both Parties shall negotiate and implement remedial plans and reasonable
 alternative measures in a timely manner in order to reduce or eliminate the
 impact of the Event of Force Majeure.                                                                                                                                                                         

10

---



|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                             
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------
|     | If the Party which is affected by the Event of Force Majeure fails to
 make its best efforts to take reasonable measures to mitigate the influence
 of the Event of Force Majeure, such Party shall bear any additional losses
 caused by such act.                                                                                                                                                                                                                                                                                  
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                             
|9.4  | If the Event of Force Majeure prevents a Party from performing its
 obligations for more than 60 days, the Parties shall negotiate the conditions
 to continue this Contract or terminate this Contract. If both Parties fail to
 reach an agreement on the conditions to continue this Contract or on the
 termination of this Contract within 1 year from the occurrence of the Event
 of Force Majeure, any Party has the right to notify the other Party to
 terminate this Contract, unless otherwise provided in this Contract.
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                             
|10   | Non-plan Shutdown                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                             
|     | The Buyer and the Seller agree that the confirmation and examination
 of non-plan shutdown shall be conducted according to the Grid Connection and
 Dispatching Agreement entered into by both Parties and relevant regulations
 of competent governmental authorities.                                                                                                                                                                                                                                                              
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                             
|11   | Default Liability                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                             
|11.1 | Any Partys failure to perform its obligations under this Contract or
 perform its obligations according to this Contract shall be deemed as a
 breach of contract. The defaulting Party shall be liable to continue to
 perform or take any remedial steps or compensate any loss for the
 non-defaulting Party.                                                                                                                                                                                                                    
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                             
|11.2 | Where a Party breaches the Contract, the other Party shall take any
 proper measure to prevent losses from aggravating. If such Party fails to
 take proper measures, resulting in the aggravation of losses, it shall not
 claim any compensation against the defaulting Party in respect of such
 aggravated losses.                                                                                                                                                                                                               
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                             
|11.3 | If the Seller fails to provide settlement invoice and other
 settlement materials accurately and timely according to Clause 8, the Buyer
 may extend the electricity fees payment date accordingly.                                                                                                                                                                                                                                                                                                                                  
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                             
|11.4 | If any Party breaches the confidentiality obligations as agreed in
 Clause 16 of this Contract, resulting in any losses to the other Party, it
 shall compensate the other Party for such losses.                                                                                                                                                                                                                                                                                                                                    
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                             
|11.5 | The Buyer has the right to suspend or terminate this Power Purchase
 and Sale Contract and will not bear any default liability in the event that:                                                                                                                                                                                                                                                                                                                                                                                    
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                             
|     | (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | there is any defect in the administrative approval procedures in
 respect of the power plant of the Seller;                                 
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                             
|     | (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | the Seller fails to perform any legal obligation, as a result of
 which the government requires the Buyer to cease the electricity purchase;
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                             
|     | (3)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | the Buyer implements detailed administrative acts of the government.                                                                        
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                             
|12   | Effectiveness and
 Term of the Contract                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                             
|12.1 | This Contract shall come into force upon
 the execution by the legal representatives or authorized representatives of
 both Parties and affixture of seals by both Parties and effectiveness of the
 Grid Connection and Dispatching Agreement.                                                                                                                                                                                                                                                                                      
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                             
|12.2 | The term of this Contract shall be from the
 effective date to 31 March 2011.                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                             
|12.3 | Both Parties shall negotiate issues in
 respect of the renewal of this Contract 3 months prior to the expiry of this
 Contract. If no negotiation for renewal has been conducted by both Parties
 upon the expiry of this Contract and neither Party expresses any disagreement
 in writing in respect of the Contract (i.e. request for renewal), the
 Contract shall extend three year                                                                                                                                             

11

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|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                     
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     | automatically. During the extended period,
 if a Party gives the other Party any disagreement (i.e. request for renewal),
 this Contract shall be automatically terminated from the date on which the
 written disagreement (i.e. request for renewal) is served to the other Party
 and the Parties shall execute a separate contract.                                                                                                                                    
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                     
|13   | Applicable Law                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                     
|13.1 | The execution, effectiveness, construction,
 performance and dispute settlement in respect of this Contract shall be
 governed by PRC law.                                                                                                                                                                                                                                                                                                                                 
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                     
|14   | Alteration, Transfer and Termination of the Contract                                                                                                                                                                                                                                                                                                                                                                                                                       
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                     
|14.1 | Any alteration, revision and supplementary
 to this Contract shall be in writing and the conditions for effectiveness
 shall the same as Clause 12.1.                                                                                                                                                                                                                                                                                                                      
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                     
|14.2 | The Seller and the Buyer expressly agree
 that neither of them has the right to transfer all or part of its rights and
 obligations under this Contract to a third party without prior written
 consent of the other Party.                                                                                                                                                                                                                                                
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                     
|14.3 | During the term of this Contract, both
 Parties agree to make adjustments to relevant clauses of this Contract in the
 event of:                                                                                                                                                                                                                                                                                                                                           
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                     
|     | (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | any change of relevant state laws, regulations, rules and policies;                                                                                                                                                                                 
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                     
|     | (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | any promulgation of rules, measures or regulations related to the
 electricity market by the State Electricity Regulatory Commission.                                                                                                               
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                     
|14.4 | Termination of Contract                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                     
|     | In case of occurrence of any of following
 events, the other Party has the right to terminate this Contract within 10
 days after sending a termination notice:                                                                                                                                                                                                                                                                                                            
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                     
|     | (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | a Party becomes bankrupt or is the subject of proceedings for
 liquidation or its business license is revoked;                                                                                                                                      
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                     
|     | (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | a Party is merged with another entity or transfers all or most of its
 assets to another entity and the existing entity is unable to reasonably bear
 all of its obligations under this Contract;                                                   
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                     
|     | (3)                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | the Grid Connection and Dispatching Agreement entered into by both
 Parties is terminated;                                                                                                                                                          
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                     
|     | (4)                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | the Seller is unable to transmit electricity safely for a successive
 60 days according to this Contract, or the Buyer is unable to accept
 electricity for a successive 60 days according to this Contract (unless it is
 caused by Force Majeure).
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                     
|15   | Dispute Settlement                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                     
|15.1 | Any dispute arising out of or in relation
 to the performance of this Contract shall be first settled by both Parties
 through negotiation.It may be submitted to
 electricity regulatory authority or relevant Fujian authority for mediation.If no agreement can be reached
 within 60 days through mediation, the Parties agree to submit such dispute to
 Fuzhou Arbitration Commission for arbitration. The arbitral award shall be
 final and binding on the Parties.
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                     
|15.2 | During the arbitration, except the dispute in question, the Parties
 shall continue to perform other parts of this Contract.                                                                                                                                                                                                                                                                                                                                               

12

---



|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|16   | Miscellaneous                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|16.1 | Both Parties shall treat as confidential any materials and documents
 which are acquired from the other Party and could not be obtained from public
 domain. Without the consent of such other Party which provides such materials
 and documents, the Party shall not divulge any or all of such materials and
 documents to any third party, unless as otherwise required by the state.                                                                                                                                                                                                                                                            
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|16.2 | Schedules of Contract                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|     | Schedule 1: Power Station Metering Point Diagram                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|     | Schedule 2: Main Technical Parameters of the Power Station                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|     | Schedule 3: Agreement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|     | Schedule4: Problems with Electric Quantity Measuring Device at
 Gateways and Improvement Requirements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|     | The Schedules to this Contract constitute integral parts of this
 Contract, and have the equal legal effect with this Contract.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|16.3 | Entire Agreement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|     | This Contract and its schedules constitute the entire agreement
 between the Parties in respect of the subject of this Contract, and shall
 supersede any prior discussions, negotiations, agreements and contracts
 between the Parties concerning this Contract.                                                                                                                                                                                                                                                                                                                                                                                   
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|16.4 | Notice and Delivery                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|     | Any notice, document and standard bill in connection with this
 Contract shall be in writing. They shall be deemed as received when the
 receiver signs for confirmation if they are sent by registered email, express
 mail or personal delivery. They shall be deemed as received when they are
 sent and received by fax. All notices, documents and standard bills shall
 come into force when they have been delivered or received. All notices,
 bills, materials or documents shall be sent to the addresses provided below
 in this Contract, or to the revised address where one Party notify the other
 Party of any change of its address.
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|16.5 | Counterparts                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|     | This Contract shall be executed in 12 original copies. The Buyer will
 hold 6 copies and the Seller will hold 4 copies. The remaining 2 copies shall
 be submitted to the competent electric regulatory authority for record.                                                                                                                                                                                                                                                                                                                                                                                                                        

| |                                                  |                                                         
| | ------------------------------------------------ | --------------------------------------------------------
| | Buyer: Fujian
 Province Electric Power Co., Ltd. | Seller: Pingnan
 County Wangkeng Hydroelectric Co., Ltd.
| |                                                  |                                                         
| | (seal affixed)                                   | (seal affixed)                                          
| |                                                  |                                                         
| | Legal
 Representative: Cai Jingdong              | Legal
 Representative:                                  
| |                                                  |                                                         
| | (seal affixed)                                   | (seal affixed)                                          

13

---



| |                                                                            |                                        
| | -------------------------------------------------------------------------- | ---------------------------------------
| | Authorized
 Representative:                                                | Authorized
 Representative: Sun Rongshi
| |                                                                            |                                        
| | Date and Place of
 Execution of the Contract: 28 June 2010, in Fuzhou City

14

---



Schedule 1
Power Station Metering Point Diagram

(DIAGRAM)

15

---



Schedule 2 Main
Technical Parameters of the Power Station

|                                                                                       |                   |                                           |                                                     |                                 
|-------------------------------------------------------------------------------------- | ----------------- | ----------------------------------------- | --------------------------------------------------- | --------------------------------
|Project                                                                                |                   |                                           |                                                     | No. of Generator
 Unit          
|                                                                                       |                   |                                           |                                                     |                                 
|                                                                                       |                   |                                           |                                                     | No. 1 and No. 2
 Generator Units
|                                                                                       |                   |                                           |                                                     |                                 
|Design water level
 of the reservoir                                                   |                   | 752.5m                                   
|                                                                                       |                   |                                          
|Dead water level
 of the reservoir                                                     |                   | 723m                                     
|                                                                                       |                   |                                          
|Design average utilization
 hours for years                                            |                   | 3720h                                    
|                                                                                       |                   |                                          
|Adjustment
 parameter of the reservoir capacity of the power station at the this level |                   | 93%                                      
|                                                                                       |                   |                                          
|Adjustment
 capability of the reservoir                                                |                   | Incomplete
 adjustment for the whole year
|                                                                                       |                   |                                          
|Hydraulic turbine
 equipments                                                          |                   | Type                                      |                                                     | HL(L185674)-LJ-145              
|                                                                                       |                   |                                           |                                                    
|                                                                                       | Manufacturer      |                                           | GE Hydro Asia Co.,
 Ltd. (former Hangzhou Kvaerner)
|                                                                                       |                   |                                           |                                                    
|                                                                                       | Rated head (m)    |                                           | 179.1m                                             
|                                                                                       |                   |                                           |                                                    
|                                                                                       | Maximum head (m)  |                                           | 198.1m                                             
|                                                                                       |                   |                                           |                                                     |                                 
|                                                                                       |                   | Minimum head (m)                          |                                                     | 159.3m                          
|                                                                                       |                   |                                           |                                                     |                                 
|                                                                                       |                   | Name-plate rating                         |                                                     | 20.625MW                        
|                                                                                       |                   |                                           |                                                     |                                 
|Power generator equipments                                                             |                   | Type                                      |                                                     | SF4-J20-10/3000                 
|                                                                                       |                   |                                           |                                                    
|                                                                                       | Manufacturer      |                                           | GE Hydro Asia Co.,
 Ltd. (former Hangzhou Kvaerner)
|                                                                                       |                   |                                           |                                                    
|                                                                                       | Name-plate rating |                                           | 20MW                                               
|                                                                                       |                   |                                           |                                                     |                                 
|                                                                                       |                   | Nominal rating                            |                                                     | 20MW                            
|                                                                                       |                   |                                           |                                                     |                                 
|                                                                                       |                   | Rated voltage                             |                                                     | 10.5kv                          
|                                                                                       |                   |                                           |                                                     |                                 
|                                                                                       |                   | Rated power factor                        |                                                     | 0.9 (lags behind)               
|                                                                                       |                   |                                           |                                                     |                                 
|                                                                                       |                   | Rated revolving
 speed                    |                                                     | 600r/min                        

16

---



Schedule 3
Agreement

Agreement

|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |    |                                                               
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -- | --------------------------------------------------------------
|Party A: Fujian Province Electric Power Co., Ltd., Ningde Electric
 Power Industry Bureau                                                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |    |                                                               
|Party B: Pingnan County Wangkeng Hydroelectric Co., Ltd.                                                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |    |                                                               
|Party C: Fujian Tongda Hydroelectric Co., Ltd.                                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |    |                                                               
|On 11 March 2010, Party A, Party B and Party C discussed the issues
 related to settlement of on-grid metering points and calculation of electric
 quantity of Wangkeng and Daixi stations after the operation of
 Wangkeng-Jiayang line (hereinafter referred to as Wangjia line) through
 carefully and friendly negotiations. It is hereby agreed as follows:
|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |    |                                                               
|1                                                                                                                                                                                                                                                                                                                                                                  | According to relevant regulations, after Wangjia line has been put
 into operation, the metering points at gateways for on-grid and off-grid
 electric quantity shall be set up at the property demarcation points, i.e.
 switch 108 of Wangdai line and switch 112 of Wangjia line. The electric
 energy loss at the metering points of the gateways on the side of the power
 station shall be borne by the power station. However, since there is circling
 electric quantity in loop network operation, the calculation of the actual
 electric quantity is complex and the accuracy cannot be secured. At the
 request of the owners of Wangkeng and Daixi stations, after Wangjia line has
 been put into operation, the metering points at gateways for on-grid and
 off-grid electric quantity will be moved to the switch (11A) on the side of
 the main transformer of Wangkeng Station and the switch (14A) on the side of
 the main transformer of Daixi Station. The metering points at switch 113 and
 switch 141 on Wangdai line and the metering point at switch 142 on Daigan
 line shall be reference metering points.
|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |    |                                                               
|2                                                                                                                                                                                                                                                                                                                                                                  | It is agreed that the rate of on-grid loss of Wangkeng and Daixi
 stations shall be 2.2%.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |    |                                                               
|                                                                                                                                                                                                                                                                                                                                                                   | The calculation of the original on-grid and off-grid electric
 quantity shall be amended as follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |    |                                                               
|                                                                                                                                                                                                                                                                                                                                                                   | On-grid electric quantity:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |    |                                                               
|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | a. | On-grid electric quantity at Daixi Station = 14A - 14A*2.2%   
|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |    |                                                               
|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | b. | On-grid electric quantity at Wangkeng Station = 11A - 11A*2.2%
|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |    |                                                               
|                                                                                                                                                                                                                                                                                                                                                                   | Off-grid electric quantity:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |    |                                                               
|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | a. | Off-grid electric quantity at Daixi Station = 14A             
|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |    |                                                               
|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | b. | Off-grid electric quantity at Wangkeng Station = 11A          
|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |    |                                                               
|3                                                                                                                                                                                                                                                                                                                                                                  | This Agreement will serve as a supplementary agreement to the Power
 Purchase Contracts of Wangkeng and Daixi stations, and will come into force
 from the date on which Wangjia line is put into operation. It will remain
 effective for one year. Both Parties shall negotiate issues in respect of the
 renewal of this Agreement 3 months prior to the expiry of this Agreement. If
 no negotiation for renewal has been conducted by both Parties upon the expiry
 of this Agreement and neither Party expresses any disagreement in writing in
 respect of this Agreement (i.e. request for renewal), this Agreement shall
 extend three year automatically. During the extended period, if a Party gives
 the other Party any disagreement (i.e. request for renewal), the Parties
 shall negotiate relevant renewal issues.                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |    |                                                               
|4                                                                                                                                                                                                                                                                                                                                                                  | This Agreement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |    |                                                               
|                                                                                                                                                                                                                                                                                                                                                                   | This Agreement shall be executed in 8 original copies. Each of Party
 A, B and C will hold 2 copies respectively. Two copies shall be submitted to
 Fujian Province Electric Power Co., Ltd. as the schedules to the Power
 Purchase Contracts of Wangkeng and Daixi stations. This                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

17

---



| |                                                                                                                                                                                                                         
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Agreement has the same legal effect as the Power Purchase Contracts
 of Wangkeng and Daixi stations. If there is any discrepancy between the Power
 Purchase Contracts and this Agreement, this Agreement shall prevail.

18

---



|                                   |                                                                                 
|---------------------------------- | --------------------------------------------------------------------------------
|There is no
 content on this page.
|                                   |                                                                                 
|Party A:                           | Fujian Province Electric Power Co., Ltd., Ningde Electric Power
 Industry Bureau
|                                   |                                                                                 
|                                   | Legal Representative (Authorized Representative): Ding Zhihua                   
|                                   |                                                                                 
|Party B:                           | Pingnan County Wangkeng Hydroelectric Co., Ltd.                                 
|                                   |                                                                                 
|                                   | Legal Representative (Authorized Representative): Sun Rongshi                   
|                                   |                                                                                 
|Party C:                           | Fujian Tongda Hydroelectric Co., Ltd.                                           
|                                   |                                                                                 
|                                   | Legal Representative (Authorized Representative): Wang Guodong                  

Date and Place of Execution of the Contract:
30 March 2010, in Ningde City

19

---



Schedule 4

Problems with
Electric Quantity Measuring Device at Gateways and Improvement
Requirements

|  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                                                        
|- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1 | Installation and Removal of Kilowatt-hour
 Meters                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                                                        
|  | No kilowatt-hour meters have been installed
 at the metering points 61A and 64A. According to the requirements set out in
 the Electric Quantity Measuring Device Technical Management Regulations
 (DL/T4482000), multi-functional kilowatt-hour meters with the accuracy
 degree of 0.5S or above shall be installed at the metering points 61A and
 64A. In order to ensure the special use of the 14A metering return circuit,
 the kilowatt-hour meter with the accuracy degree of 0.5 for checking purpose
 which is at the 14A return circuit and parallel-connected to the power
 station shall be removed.                                                                                                                                                                         
|  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                                                        
|2 | Installation and Removal of Mutual Inductor                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                                                        
|  | The current mutual inductors at the
 metering points at 11A and 61A have degrees of 0.2 and 10P respectively,
 which are not in compliance with the requirements set out in the Electric
 Quantity Measuring Device Technical Management Regulations (DL/T4482000).
 They shall be changed to current mutual inductors with a degree of 0.2S.                                                                                                                                                                                                                                                                                                                                                                                                                                               
|  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                                                        
|  | No current mutual inductors have been installed
 at metering point 64A at present and a set of current mutual inductor with
 the degree of 0.2S shall be installed.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                                                        
|  | The voltage mutual inductors at the
 metering points at 61A and 64A have a degree of 0.5, which are not in
 compliance with the requirements set out in the Electric Quantity Measuring
 Device Technical Management Regulations (DL/T4482000). They shall be
 changed to voltage mutual inductors with a degree of 0.2.                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                                                        
|3 | Installation of Loss-of-voltage Timers                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                                                        
|  | No loss-of-voltage timers have been
 installed at the metering points at 11A, 61A and 64A. Loss-of-voltage timers
 shall be installed at the screen of the kilowatt-hour meters.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                                                        
|4 | Installation of Second Return Circuit                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                                                        
|  | In respect of the voltage and current
 return circuits at the metering points 11A and 14A, standard wires are not
 adopted. At the metering point 14A, three-phase four-wire system measurement
 is adopted, and the second return circuit between the current mutual inductor
 and the kilowatt-hour meter are connected by four-wire system, which is not
 in compliance with the requirements set out in the Electric Quantity
 Measuring Device Technical Management Regulations (DL/T4482000).The second return
 circuit between the current mutual inductor and the kilowatt-hour meter at
 the metering point 14A shall be connected by six-wire system. Meanwhile,
 standard wires shall be adopted for the voltage and current return circuits
 at the metering points 11A and 14A.
|  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                                                        
|  | At the metering points 61A and 64A, the
 second return circuits between mutual inductor and kilowatt-hour meter shall
 be added.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                                                        
|5 | Sealed-off of the Second Return Circuit                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                                                        
|  | (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | The cap panel and side panels of the screen
 in which the kilowatt-hour meter is installed at the metering point 11A shall
 be removed from outside; the side panels of the screen in which the
 kilowatt-hour meter is installed at the metering point 14A shall be removed
 from outside and fastened by nuts inside.

20

---



| |     |                                                                                                                                                                                                                                             
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (2) | The voltage and current connection
 terminals in the mutual inductors on-site terminal box at the metering
 points 11A and 14A cannot be sealed off at present and they shall be altered
 to second return circuit which can be sealed off.

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