Exhibit 4.120

Transfer Contract Regarding 10% of the Equity of Pingnan County Wangkeng
Hydroelectric Co., Ltd.

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| | This Contract has been entered into by the following parties on
 November 22, 2010 in Beijing.                                                                                                                                                                                                                                                                                                                                                 
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| | Party A: Sanming City Chenyang Hydroelectric Co., Ltd. (hereafter
referred to as Party A), a company incorporated under the law of China,
registered under No. 350400100017627, having its domicile at Shen Kou Shun
Keng Hydroelectric Station, Sanyuan District and its legal representative being
Huang Shaojian whose nationality is Chinese;                                                                                            
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  | 
| | Party B: Fujian Huabang Hydroelectric Investment Co., Ltd. (hereafter
referred to as Party B), a wholly foreign owned company incorporated under
the law of China, registered under No. 350000400003598, having its domicile
at 3/F East Tower, Building A, No.349 Guangda Road, Taijiang District, Fuzhou
City and its legal representative being John Douglas Kuhns whose position is
Chairman and nationality is United States of America;
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  | 
| | Party A agrees to transfer to Party B 10% of the equity of Pingnan
County Wangkeng Hydroelectric Co., Ltd. (hereafter referred to as Wangkeng
Company) it holds. According to relevant laws and regulations and the
Articles of Association of Wangkeng Company, Party A and Party B have reached
agreement on the transfer and acquisition of the equity through friendly
consultation, and hereby enter into this Contract as below:       

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|1   |  | Transfer and
 acquisition of the equity                                                                                                                                                                                                                                                             
|    |  |                                                                                                                                                                                                                                                                                                     
|    |  | The equity being transferred under this Contract refers to 10% of the
 equity of Wangkeng Company legally owned by Party A. Party A agrees to
 transfer the above equity to Party B who agrees to acquire such equity. Party
 B shall hold 10% of the equity of Wangkeng Company after the transfer.
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|2   |  | Price and payment
 of the equity                                                                                                                                                                                                                                                                    
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|2.1 |  | Price of the equity transfer                                                                                                                                                                                                                                                                        
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|    |  | 2.1.1                                                                                                                                                                                                                                                                                                | Party A and Party B agree on the price of the transfer (acquisition)
 of the equity as RMB Thirty-eight Million, Nine Hundred and Sixty-six
 Thousand and Five Hundred (¥ 38, 966,500).                                                                
|    |  |                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                         |                                                                                                                 
|2.2 |  | Payment of the Price                                                                                                                                                                                                                                                                                
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|    |  | 2.2.1                                                                                                                                                                                                                                                                                                | The price of the equity transfer under this Contract shall be paid in
 two instalments. The first instalment of RMB Thirty One Million (¥
 31,000,000) shall be paid before November 30, 2010 subject to the
 satisfaction of the following conditions:
|    |  |                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                         |                                                                                                                 
|    |  |                                                                                                                                                                                                                                                                                                      | (1)                                                                                                                                                                                                                                                     | Both parties have duly entered into this Contract;                                                              
|    |  |                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                         |                                                                                                                 
|    |  |                                                                                                                                                                                                                                                                                                      | (2)                                                                                                                                                                                                                                                     | There is no material adverse change to the company from the execution
 date of thisContractto November 30, 2010.
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|    |  | 2.2.2                                                                                                                                                                                                                                                                                                | The second instalment of RMB Seven Million, Nine Hundred and
 Sixty-six Thousand and Five Hundred ((¥ 7, 966,500) shall be paid before
 January 15, 2011.                                                                                              
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|3   |  | Registration of
 change in the equity                                                                                                                                                                                                                                                               
|    |  |                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                         |                                                                                                                 
|    |  | When this Contract comes into effect, Party B shall complete the
 registration of change in equity with the assistance of Party A. All taxes
 and costs in respect of the transfer (acquisition) of the equity shall be
 respectively borne by both parties according to relevant regulations.      

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|4   |  | Undertakings and
 warranties                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
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|4.1 |  | Undertakings and warranties by Party A                                                                                                                                                                                                                                                                                                                                                                                                                                                            
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|    |  | 4.1.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Party A warrants the equity being transferred under this Contract
 shall be legally owned by it according to the law and its Articles of
 Association when this Contract was entered into. Party A shall have the
 complete and independent right to possess, utilize, manage, dispose of and
 benefit from the equity.                                                                                                            
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    |  | 4.1.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | No third-party pledge or other restrictions on interest in any other
 form exist for the equity being transferred. Party A warrants that the equity
 being transferred shall be free from any third-party recourse. In the event
 of third-party recourse, Party A shall be responsible for all legal liability
 and economic liability arising from the recourse, and shall compensate Party
 B for all losses incurred therefrom.
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    |  | 4.1.3                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Party A shall unconditionally assist Party B to complete the
 procedures for approval and change in registration with the industry and
 commerce administration regarding equity transfer.                                                                                                                                                                                                                                         
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                    
|4.2 |  | Undertakings and warranties by Party B                                                                                                                                                                                                                                                                                                                                                                                                                                                            
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|    |  | 4.2.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Party B shall promptly pay the full amount of money for the
 acquisition of the equity as set out in this Contract.                                                                                                                                                                                                                                                                                                                
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    |  | 4.2.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Party B shall complete the procedures for approval and change in
 registration with the industry and commerce administration regarding equity
 transfer with the assistance of Party A.                                                                                                                                                                                                                                            
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|5   |  | Liability for
 breach of contract                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    |  | Any party hereto who breaches this Contract shall be liable for the
 innocent party.                                                                                                                                                                                                                                                                                                                                                                                                              
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|6   |  | Miscellaneous                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
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|6.1 |  | The price for equity transfer in this Contract includes 10% of the
 profit of Wangkeng Company which Party B shall enjoy from October 20, 2008 to
 October 31, 2010. No profit or any other costs shall be paid by Wangkeng power
 station to Party A, unless otherwise agreed by the parties. All profit of
 Wangkeng Company shall be enjoyed by Party B from November 1, 2010.                                                                                                                 
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                    
|6.2 |  | The establishment, validity, interpretation and execution of this
 Contract shall be governed by the law of China. Disputes between both parties
 arising from the performance of this Contract shall be settled through
 consultation. In the event of unsuccessful consultation, any party shall have
 the right to submit such dispute to China International Economic and Trade
 Arbitration Commission located in Beijing for arbitration according to the
 arbitration rules then in effect.
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|6.3 |  | Issues not covered in this Contract shall be separately agreed by
 both parties through consultation. Any supplements and amendments to this
 Contract shall be in written form, which will have the equal legal effect as
 this Contract after the approval by competent authorities.                                                                                                                                                                                                            
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                    
|6.4 |  | The Contract shall be executed in eight counterparts, two
 counterparts for each of Party A, Party B and Wangkeng Company. The remaining
 two counterparts shall be used for application for approval. All counterparts
 shall have the equal legal effect.                                                                                                                                                                                                                                       
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|7   |  | Effectiveness                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    |  | This Contract shall come into effect when signed and sealed by the
 legal representative or the authorized agent of the legal representative, and
 approved by competent authorities.                                                                                                                                                                                                                                                                                                             

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| | (This page is
 intentionally left blank and provided for signature and seal.)
| |                                                                              
| | Party
 A: Sanming City Chenyang Hydroelectric Co., Ltd.                      
| |                                                                              
| | Legal
 representative (or authorized representative):                        
| |                                                                              
| | Party
 B: Fujian Huabang Hydroelectric Investment Co., Ltd.                  
| |                                                                              
| | Legal
 representative (or authorized representative):                        

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