EX-10.29






Exhibit 10.29





BETWEEN




FUJIAN PROVINCE ELECTRIC POWER CO., LTD.




AND




PINGNAN COUNTY FUSHUN HYDROELECTRIC CO., LTD.




POWER PURCHASE AND SALE CONTRACT




FOR




WANGKENG HYDROPOWER STATION




October 28, 2004




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CONTENTS




	 	 	 	 	 
	CHAPTER I DEFINITIONS AND INTERPRETATIONS
	 	 	4	 
	CHAPTER II REPRESENTATIONS BY THE PARTIES
	 	 	5	 
	CHAPTER III OBLIGATIONS OF THE PARTIES
	 	 	5	 
	CHAPTER IV METERING OF ELECTRIC POWER
	 	 	7	 
	CHAPTER V ELECTRICITY OUTPUT
	 	 	9	 
	CHAPTER VI SETTLED ELECTRICITY TARIFF
	 	 	10	 
	CHAPTER VII PAYMENT AND SETTLEMENT OF ELECTRICITY FEES
	 	 	10	 
	CHAPTER VIII FORCE MAJEURE
	 	 	13	 
	CHAPTER IX LIABILITY FOR BREACH OF CONTRACT
	 	 	14	 
	CHAPTER XI EFFECTIVINESS AND VALID TERM
	 	 	15	 
	CHAPTER XII APPLICABLE LAW
	 	 	16	 
	CHAPTER XIII MODIFICATION, ASSIGNMENT AND TERMINATION
OF THIS CONTRACT
	 	 	16	 
	CHAPTER XIV DISPUTE RESOLUTION
	 	 	17	 
	CHAPTER XV MISCELLANEOUS
	 	 	18	 
	APPENDIX I: DIAGRAM FOR METERING POINTS
	 	 	21	 






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POWER PURCHASE CONTRACT



This Power Purchase Contract (hereinafter referred to as this “Contract”) is executed by and
between the following Parties:



Power Purchaser: Fujian Province Electric Power Co., Ltd., a grid enterprise registered
and established with the Administration for Industry and Commerce of Fujian Province.




	 	 	 	 	 
	Legal Address:

	 	No. 264, Wusi Road, Fuzhou City
	 	 
	Legal Representative:

	 	Ma Zong Lin.	 	 





Power Seller: Pingnan County Fushun Hydroelectric Co., Ltd., a company registered and
established with the Administration for Industry and Commerce of Pingnan County, Fujian
Province.




	 	 	 
	Legal Address:

	 	the 5th Floor, Cuibai Building, Chengguan, Pingnan County, Fujian Province
	Zip Code:

	 	352300 
	Legal Representative:

	 	Huang Shao Jian.






WHEREAS:





	(1)	 	The Power Seller is currently owning, managing, operating and maintaining a Power
Plant (hereinafter referred to as the “Power Plant”) with the installed capacity of 40
MW in Wangkeng Village, Tangkou Township, Pingnan County, Fujian Province.
	 
	(2)	 	The Power Plant has been connected to the power grid operated and managed by the
Power Purchaser.




After friendly consultations, on the principles of equality, free will and good faith, both




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Parties have reached this Contract in accordance with the regulations of the Contract
Law of the People’s Republic of China, the Electric Power Law of the People’s Republic
of China, the Administration Regulations on the Dispatching of Power Grids and other
relevant laws and regulations of the People’s Republic of China.




CHAPTER I DEFINITIONS AND INTERPRETATIONS





	1.1	 	Unless otherwise prescribed and stipulated herein, the following terms used in this
Contract shall have the meanings set forth as follows:
	 
	(1)	 	“Power Plant” refers to the power generation facilities with all auxiliary
facilities stretching to the demarcation point of property rights with the installed
capacity of 40 MW (the unit capacity is 20 MW, with two (2) installed units,
respectively the No. 1 and No. 2 units), which are owned, managed, operated and
maintained by the Power Seller and located in Wangkeng Village, Tangkou Township,
Pingnan County, Fujian Province.
	 
	(2)	 	“Grid Connection and Dispatching Agreement” refers to the agreement entered into by
the Power Purchaser and the Power Seller concerning the grid connection and the
dispatching arrangements of the Power Plant.
	 
	1.2	 	Interpretations
	 
	1.2.1	 	All headings hereof are only for the convenience of reading and shall not affect the
interpretations of this Contract in any way.
	 
	1.2.2	 	Unless otherwise provided by the context, the day, month, and year mentioned in this
Contract shall refer to the day, month and year in Gregorian calendar.




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	1.2.3	 	This Contract shall have binding force on the assignees of any Party.





CHAPTER II REPRESENTATIONS BY THE PARTIES



Each Party hereby represents to the other Party that:





	2.1	 	It is an enterprise that has been duly established and validly and legally in
existence in accordance with law, and has the full right to enter into and the ability
to perform this Contract.
	 
	2.2	 	All procedures required for entering into and performing this Contract (including
procuring requisite governmental approvals and relevant licenses and permits, etc.)
have been accomplished and are legal and valid.
	 
	2.3	 	Upon entering into this Contract, no judgments, verdicts, awards or specific
administrative acts have been carried out by any courts, arbitration institutes or
administrative organs that will have material adverse effect on its performance of this
Contract.
	 
	2.4	 	All internal authorization procedures required for executing this Contract have been
accomplished and this Contract is signed by its legal representative or authorized proxy.
This Contract shall have binding force on the Parties hereto after it comes into effect.





CHAPTER III OBLIGATIONS OF THE PARTIES





	3.1	 	The Power Purchaser’s obligations shall include the following:
	 
	3.1.1	 	To purchase the electric power generated by the Power Plant of the Power Seller.




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	3.1.2	 	To abide by the Grid Connection and Dispatching Agreement entered into by the
Parties, operate and maintain the power transmission and transformation facilities in
accordance with relevant national standards and electric power industry standards, and
maintain the safe, high quality and economic operation of the electric power system.
	 
	3.1.3	 	To dispatch the electric power and disclose information publicly, justly and
fairly according to relevant regulations of the State, and provide information relating
to the power load, reserved capacity and operational conditions of power transmission
and transformation facilities, etc. for the purpose of performing this Contract.
	 
	3.2	 	The Power Seller’s obligations shall include the following:
	 
	3.2.1	 	To sell to the Power Purchaser the electric power that satisfies the national standards
and the electric power industry standards.
	 
	3.2.2	 	To abide by the Grid Connection and Dispatching Agreement entered into by the
Parties, comply with the unified dispatching of electric power, operate and maintain
the Power Plant according to national standards, the electric power industry standards
and the dispatching codes, ensure the operational abilities of the power generation
units satisfy the technical standards and rules issued by relevant departments of the
State, and maintain the safe, high quality and economic operation of the electric power
system.
	 
	3.2.3	 	To provide to the Power Purchaser with the reliability index and the operational
conditions for the units of the Power Plant on a monthly basis, provide information
concerning the defects of facilities in a timely fashion, regularly provide the
overhaul plan for the units of the Power Plant, and strictly implement the overhaul
plan for the generator units of the Power Plant which has been comprehensively arranged
and balanced by the Power Purchaser and determined by the Parties through
consultations.
	 
	3.2.4	 	Not to conduct the business of supplying power directly to the consumers without the




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	 	 	approvals from the authority in charge of electric power at provincial level or above.





CHAPTER IV METERING OF ELECTRIC POWER





	4.1	 	Principle for the Installation of Metering Points of Electric Power
	 
	 	 	In principle, the metering points of electric power shall be installed at the
demarcation point of property rights between the Power Plant and the power grid.
(Please refer to Appendix I: Diagram for Metering Points).
	 
	4.2	 	Metering Devices
	 
	4.2.1	 	The metering devices shall be installed and allocated in accordance with the
Technical Administration Code of Electric Power Metering (DL / T448-2000). Before the
metering devices are put into operation, the Parties hereto shall carry out the
completion acceptance of the metering devices according to the requirements of the
Technical Administration Code of Electric Power Metering (DL / T448-2000). The wiring
terminal, testing terminal on the secondary circuit of the metering devices and the
metering box/tank shall be ready for being sealed with stamps.
	 
	4.2.2	 	The on-grid and off-grid electricity output of the Power Seller shall be metered
by a set of electronic multifunctional power meters which are capable of bidirectional
watt-hour (the accuracy level is 0.5) metering function and four-quadrant var-hour (the
accuracy level is 2.0) metering function, and such power meters must be capable of the
functions needed by the settlement ways of the electricity fees. The metering devices
shall be purchased, installed and owned by the Power Seller. The Power Seller shall be
responsible for the daily maintenance and other management of the metering devices, and
ensure that the metering devices will not suffer from any damage and the seals and
stamps are kept complete and intact.




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	4.3	 	Checking and Operational Management of Metering Devices
	 
	4.3.1	 	The metering devices shall be checked and tested by a qualified metering testing
agency, and shall not be installed and put into operation unless having been tested to
be qualified. All fees and expenses arising therefrom shall be borne by the Power
Seller.
	 
	4.3.2	 	The periodical checking (rotation), the on-site periodical testing and other
operational management of the metering devices shall be carried out by a qualified
metering testing agency which has been jointly entrusted by the Power Purchaser and the
Power Seller.
All fees and expenses arising therefrom shall be borne by the Power Seller, and the
Power Seller shall assist in the operations and managements of the metering devices.






	4.3.3	 	The periodical checking (rotation) and the on-site periodical testing of the
metering devices shall be carried out in accordance with relevant national and electric
power industry standards, codes and regulations.
	 
	4.3.4	 	After having been checked or tested on site, the metering devices shall be sealed
with stamps. Neither the Power Purchaser nor the Power Seller may unseal the devices,
change the interconnections or the components of the metering devices without the prior
consent of the other Party. In case of any metering inaccuracy caused by one Party’s
unauthorized unsealing or changing of the interconnections or components of the
metering devices, besides refunding or compensating relevant electricity fees, the
defaulting Party shall be responsible for all consequences and liabilities arising
therefrom.
	 
	4.3.5	 	Any Party may require at any time to check or test the metering devices besides
the periodical testing and checking. All fees and expenses arising therefrom shall be
borne by the Party who proposes such checking or testing.




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	4.4	 	Meter Reading
	 
	4.4.1	 	The meter reading day shall be set at the zero hour of the twenty-eighth day of
each month. The electricity output shall be subject to the data read from the energy
meters, in the event that the data recorded in the long-distance power energy billing
system could satisfy the requirements of settling the electricity fees, the electricity
fees shall be settled according to the data recorded in the long-distance power energy
billing system.
In case the data recorded in the long-distance power energy billing system differs
from the data read from the energy meters, the data read from energy meters shall
be adopted. All of the above-mentioned data of electricity output shall be signed
and confirmed by both Parties.
	 
	4.5	 	Metering Deviation
	 
	4.5.1	 	In the event that any Party detects the inaccuracy or malfunctions of the
metering devices, it shall immediately inform the other Party, and the Parties shall
consult with each other and resolve it as soon as possible. The Parties may determine
the amount of electricity output during the malfunction or inaccuracy period according
to other referential data. In case of lacking enough referential data to determine the
electricity output during the malfunction or inaccuracy period, the Parties shall
determine the electricity output through further consultations.





CHAPTER V ELECTRICITY OUTPUT





	5.1	 	Annual Basic On-grid Electricity Output
	 
	 	 	Under the guidance of the annual electricity generation plan issued by the
provincial authority in charge of electric power, referring to the planned
multi-year average electricity generation output of the Power Plant, considering
the hydrological conditions




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	 	 	and on the principle of “Justice, Fairness and Publicity”, the Power Purchaser and
the Power Seller agree to arrange the annual electricity generation plan and/or
adjusted plans for the Power Plant of the Power Seller.





CHAPTER VI SETTLED ELECTRICITY TARIFF





	6.1	 	Electricity Tariff for Annual Basic On-grid Electricity Output
	 
	6.1.1	 	Prior to the adoption of the “Grid Connection subject to Competitive Bidding of
Tariff” policy, the settled electricity tariff for annual basic on-grid electricity
output shall be determined according to the on-grid electricity tariff approved by the
competent price regulatory authority and other relevant regulations.
	 
	6.1.2	 	When the “Grid Connection subject to Competitive Bidding of Tariff” policy has
been adopted, the settled electricity tariff for annual basic on-grid electricity
output shall be determined according to the electricity tariff system provided by the
“Grid Connection subject to Competitive Bidding of Tariff” policy.





CHAPTER VII PAYMENT AND SETTLEMENT FOR ELECTRICITY FEES





	7.1	 	All fees and
expenses between the Parties shall be calculated and paid in RMB.
	 
	7.2	 	Calculation
of the Monthly Electricity Output for Settlement
	 
	 	 	Monthly Electricity Output for Settlement= Monthly Actual On-grid Electricity Output
 — Electricity Output for Breach of Contract provided in this Contract and Grid
Connection and Dispatching Agreement+Compensation Electricity Output provided in
this Contract and the Grid Connection and Dispatching Agreement




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	 	 	Wherein, the Electricity Output for Breach of Contract refers to the electricity
output which shall be deducted for punishing the Power Seller for breaching the
provisions of this Contract and the Grid Connection and Dispatching Agreement. The
Compensation Electricity Output refers to the electricity output which shall be
compensated by the Power Purchaser to the Power Seller due to the Power
Purchaser’s breaching of the provisions of this Contract and the Grid Connection
and Dispatching Agreement.
	 
	 	 	The Power Purchaser and the Power Seller shall confirm the amount of Electricity
Output for Breach of Contract and Compensation Electricity Output on a monthly basis.
	 
	7.3	 	Electricity Fees for Commercial Operation
	 
	 	 	After the Power Plant has been put into commercial operation, the Power Purchaser
shall calculate the electricity fees paid to the Power Seller in accordance with
the monthly settled electricity output and the settled electricity tariff, and
report such electricity fees to the provincial electric power company. The
electricity fees shall be paid by the provincial electric power company directly
to the Power Seller.
	 
	 	 	In the meanwhile, the Power Seller shall pay at every month to the local power
supply unit of the Power Purchaser for the from-grid electricity output supplied
by the Power Purchaser.
	 
	7.4	 	Payment of Electricity Fees
	 
	 	 	After reading the meters, the Power Seller shall deliver to the Power Purchaser
the value added tax invoice for the electricity fees, the confirmation letter for
settled electricity output and other materials relating to the settlement (the
date indicated on the invoice shall be within the month of settlement). After
receiving the invoice and relevant materials relating to the settlement delivered
by the Power Seller, the Power Purchaser shall check and confirm as soon as
possible. In case of any dissidence, the




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	 	 	Power Purchaser shall inform the Power Seller within five (5) days after the
receipt of the invoice and materials. Both Parties shall consult with each other
and make confirmations within five (5) days, and the Power Seller shall deliver
the confirmed invoice and materials to the Power Purchaser. In the event that the
Power Purchaser fails to inform the Power Seller of any dissidence within five (5)
days after the receipt of the invoice and materials, it shall be deemed as having
confirmed with no dissidence. The Power Purchaser shall pay off the actual settled
electricity fees for the month indicated on the invoice to the Power Seller within
thirty (30) days after the receipt of the confirmed invoice and materials.
	 
	7.5	 	Clearing of Electricity Fees at Year-End
	 
	 	 	The Power Purchaser and the Power Seller shall accomplish the annual clearing of
electricity fees before February 10 of the next year.
	 
	7.6	 	Payment Method
	 
	 	 	The electricity fees paid by the provincial electric power company to the Power
Seller shall be directly remitted to the bank account indicated in the special
value added tax invoice delivered by the Power Seller (or the bank account
designated by the Power Seller in written form).
	 
	7.7	 	Materials and Records
	 
	 	 	The Power Seller and the Power Purchaser agree to keep their original materials
and records respectively so as to facilitate the reasonable checking of the
statements and records or the examination of the accuracy of calculations in
accordance with this Contract.




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CHAPTER VIII FORCE MAJEURE





	8.1	 	Force Majeure refers to, the natural and social events occurred after the
effectiveness of this Contract, which are unforeseen, the occurrence and consequences
of which are unavoidable, out of the reasonable control and insurmountable. Such events
shall include, without limitation, volcano eruptions, lightening, tornados, landslide,
flood, fire, war, and earthquake and typhoon beyond the designed standards, etc.
	 
	8.2	 	In the event that any Party’s contractual obligations wholly or partially affected
by the occurrence of an event of Force Majeure , that Party may suspend the performance
of its contractual obligations provided that:






	 	(1)	 	the scope and period for the suspended performance shall not exceed the
reasonable requirements for eliminating the consequences of Force Majeure;
	 
	 	(2)	 	the Party affected by the Force Majeure shall continue to perform its other
obligations under this Contract which has not been affected by the Force Majeure;
	 
	 	(3)	 	In case the event of Force Majeure comes to an end, the Party claiming Force
Majeure shall resume the performance of this Contract as soon as possible.






	8.3	 	In the event that any Party is unable to perform this Contract due to Force
Majeure, such Party shall inform the other Party in written form as soon as possible.
Such written notice shall indicate the date of the occurrence of Force Majeure, the
anticipated duration, the nature of the events, the impact on its performance of this
Contract and the measures it has taken to mitigate the impact of such Force Majeure
events.
	 
	 	 	The Party affected by the Force Majeure shall furnish the other Party with an
evidential document within thirty (30) days commencing from the date when the
Force Majeure event occurs (in the event of communication interruption, from the
restoration date of




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	 	 	the communication).
	 
	8.4	 	The Parties affected by the Force Majeure shall take reasonable measures to
mitigate the losses incurred by the other Party or both Parties caused by Force
Majeure. The Parties shall immediately consult with each other to formulate and
implement a remedy plan and reasonable alternative measures to mitigate or eliminate
the consequences of
Force Majeure.
	 
	 	 	In the event the Party affected by Force Majeure fails to use all its reasonable
endeavors to mitigate the consequences of Force Majeure, that Party shall be
responsible for the enlarged losses arising therefrom.
	 
	8.5	 	In the event that the Force Majeure has prevented a Party from performing its
obligations under this Contract for a continuous period of over thirty (30) days, the
Parties hereto shall consult with each other to determine the conditions for continuing
the performance of this Contract or to terminate this Contract. If the Parties hereto
fail to reach agreement concerning the conditions for continuing the performance of
this Contract or the termination of this Contract within one year after the occurrence
of the Force Majeure, any Party shall be entitled to terminate this Contract with a
notice to the other Party, unless otherwise provided herein.





CHAPTER IX LIABILITY FOR BREACH OF CONTRACT





	10.1	 	Principles for Handling Breach of Contract
	 
	10.1.1	 	Any Party’s non-performance of its obligations under this Contract or
non-conforming performance of its obligations shall be deemed as breach of contract.
The breaching Party shall assume liabilities for breach of contract to the
non-defaulting Party, such as to continue the performance, take remedy measures or




14









 






	 	 	compensate for the losses, etc.
	 
	10.1.2	 	In case of any Party’s breach of contract, the non-defaulting Party shall
immediately take proper measures to prevent the enlargement of losses. In the event
that such Party fails to take proper measures resulting in the enlargement of losses,
it shall not require the defaulting Party to compensate the enlarged losses.
	 
	10.4	 	In the event that the Power Seller violates the provisions of Article 7.4 of this
Contract and fails to accurately and timely provide the invoices and materials for
settlement, the provincial electric power company may correspondingly postpone the
deadline for the payment of electricity fees.
	 
	10.5	 	As for those funds which should have been paid by one Party to the other Party
hereto as provided in this Contract but have not been fully paid off, such Party shall
pay liquidated damages to the other Party in an amount of 0.01% of the unpaid portion
per day.
	 
	10.6	 	In the event that any Party violates the provisions of Clause 141 hereof and
causes losses to other Party, that Party shall be responsible for the compensation for
the losses incurred by the other Party.
	 
	10.8	 	The Parties agree that the liabilities for breach of contract which have not been
mentioned under this Contract shall refer to the relevant provisions of the Grid
Connection and Dispatching Agreement.





CHAPTER XI EFFECTIVINESS AND VALID TERM





	11.1	 	This Contract shall come into effect when it has been signed by the legal
representatives or authorized representatives of the Parties and affixed with the
official stamps, and upon the effectiveness of the Grid Connection and Dispatching
Agreement.




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	11.2	 	The valid term of this Contract shall be five (5) years, from October 28, 2004 to
December 31, 2009.
	 
	11.3	 	Within six (6) months before the expiration of this Contract, the Parties shall negotiate
with each other concerning the extension of this Contract.





CHAPTER XII APPLICABLE LAW





	12.1	 	The establishment, effectiveness, interpretation, performance and dispute resolution
shall be governed by the laws of the People’s Republic of China.





CHAPTER XIII MODIFICATION, ASSIGNMENT AND TERMINATION

OF THIS CONTRACT





	13.1	 	Any modification, amendment or supplement to this Contract shall be conducted in
written form, and shall come into effect after having been signed by the authorized
representatives of the Parties; in the event that this Contract shall be approved by
the original approval authority, it shall come into effect after having been approved.
	 
	13.2	 	The Power Purchaser and the Power Seller expressly agree that, without the other
Party’s prior written consent, any one of them shall not be entitled to assign to any
third Party all or part of its rights or obligations under this Contract.
	 
	13.3	 	Within the valid term of this Contract, the Parties agree to adjust or amend this Contract
under any of the following conditions:






	 	(1)	 	Relevant laws, regulations, rules and polices of the State have been amended;




16









 






	 	(2)	 	New rules, measures and regulations, etc. are issued by the State power
regulatory agency;
	 
	 	(3)	 	Other circumstances confirmed by the Parties:                     






	13.4	 	Termination of Contract
	 
	 	 	In the event that any of the following events occurred to any Party, the other Party
shall
be entitled to terminate this Contract after having served a notice of termination:






	 	(1)	 	The Power Seller fails to deliver electricity safely according to the
requirements of this Contract for a continuous period of one (1) year; the Power
Purchaser fails to receive the electricity power normally as prescribed in this
Contract for a continuous period of one (1) year;
	 
	 	(2)	 	Any Party goes bankrupt, liquidated or the business license of any Party has been
revoked;
	 
	 	(3)	 	One Party is merged with the other Party and all or majority parts of its
assets have been transferred to another entity, and the surviving enterprise
cannot reasonably perform its obligations under this Contract;
	 
	 	(4)	 	Other events agreed by the Parties for the termination of
this
Contract:                     





CHAPTER XIV DISPUTE RESOLUTION





	14.1	 	Any dispute arising out of the performance of this Contract or any dispute in
relation to this Contract shall be firstly resolved by the Parties through
consultations. If such dispute cannot be resolved through consultations within thirty
(30) days, the Parties




17









 






	 	 	shall submit such dispute to the power regulatory authority of Fujian Province for
mediation. In the event that such dispute cannot be resolved through mediation
within sixty (60) days, the Parties agree to submit the disputes to the
Arbitration Committee of Fuzhou City for arbitration. The arbitration award shall
be final and legally binding on the Parties.





CHAPTER XV MISCELLANEOUS





	15.1	 	Confidentiality
	 
	 	 	The Parties warrant that they will keep confidential the materials and documents
which are procured from the other Party and cannot be procured through public
channels. Without the prior approval from the original provider of such materials
and documents, the other Party shall not disclose to any third party all or part
of the materials and documents, unless otherwise provided by the State.
	 
	15.2	 	Appendix






	 	(1)	 	Diagram for Metering Points.






	15.3	 	Entire Agreement
	 
	 	 	This Contract and its appendix constitute the entire agreement of the Parties
pertaining to the transaction agreed upon in this Contract, and shall replace all
previous discussions, negotiations, agreements and contracts between the Parties
to this Contract in respect of the transaction of this Contract.
	 
	15.4	 	Any notification, document or legal bills pertaining to this Contract shall be conducted
in written form. Documents sent by a registered letter, express mail or sent in person




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	 	 	shall be deemed as having been served after signed and confirmed by the receiver;
if sent by facsimile, the documents shall be deemed as having been served after
those documents have been received. All notifications, documents and normal bills
shall come into effect upon the service and receipt. All notifications, bills,
information and documents shall be sent to the following legal addresses and mail
addresses provided in this Contract, unless any Party issues a written notice to
other Party to change its address:





	 	 	 	 	 
	 

	 	Power Purchaser:
	 	Fujian Province Electric Power Co., Ltd.
	 

	 	Addressee:
	 	General Manager Department
	 

	 	Telephone Number:
	 	0591-87023314 
	 

	 	Facsimile Number:
	 	0591-87555121 
	 

	 	Zip Code:
	 	350003 
	 

	 	Mail Address:
	 	No.264, Wusi Road, Fuzhou City
	 
	 	 	 	 
	 

	 	Power Seller:
	 	Pingnan County Fushun Hydroelectric Co., Ltd.
	 

	 	Addressee:
	 	The Office
	 

	 	Telephone Number:
	 	0539-3331959 
	 

	 	Facsimile Number:
	 	0593-3332259 
	 

	 	Zip Code:
	 	352300 
	 

	 	Mail Address:
	 	5th Floor, Cuibai Building, Pingnan County, Ningde City, Fujian Province







	15.6	 	Text
	 
	 	 	This Contract shall be signed in four (4) counterparts, and the Power Purchaser and the
Power Seller shall each hold two (2) counterparts.




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NOTE: The settlement of the electricity fees of the Power Plant during the period from
the date of grid connection and power generation to the signing date of this Contract
shall also be carried out according to the provisions of this Contract.




	 	 	 
	Power Purchaser:

	 	Fujian Province Electric Power Co., Ltd.
	 
	 	 
	 

	 	(Stamp)
	 
	 	 
	Representative:
	 	 
	 
	 	 
	Power Seller:

	 	Pingnan County Fushun Hydroelectric Co., Ltd.
	 
	 	 
	 

	 	(Stamp)
	Representative:
	 	 





Signing Place and Date: Fuzhou City, October 28, 2004




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APPENDIX I: DIAGRAM FOR METERING POINTS






	APPENDIX I: DIAGRAM FOR METERING POINTS
Connection (Metering) Point 60km Wanggan Line Gan Tang Substation
Wangkeng Power
Plant
The same as right
Main Grid Connection Diagram for Wangkeng Power Plant




Main Grid Connection Diagram for Wangkeng Power Plant


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