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China Power Equipment, Inc. (CPQQ) Will Co-Host Major Power Grid Development Conference Designed to Help Transform Rural China

|Includes: China Power Equipment Inc. (CPQQ)

China Power Equipment, – the US Corporation which manufacturers amorphous alloy (smaller, more energy efficient) transformer cores/core electricity transformers and some 59 other industrial products via its subsidiaries in China, reported that the Company has been invited to co-host a rural power grid development conference in Xi’an this June 14 with Asia Energy Platform (NYSE:AEP).

For six years now AEP has been spearheading the transformation of energy infrastructure in Asian countries by promoting energy-efficient technology and renewables, working with private and public sector companies worldwide, but this non-profit really focuses on transforming Chinese technology providers.

The conference will bring together some of the most influential minds in the Chinese energy sector and produce great new ideas for reshaping rural areas energy infrastructure, helping to lift the standard of living for millions. This conference will also play host to the debut of the Chinese Government’s official plan for reshaping the rural electrical grid, which has earmarked upwards of RMB 500B as part of the 12th Five Year Plan for this task and others. The Chinese Government has also adopted a series of new policies regarding energy efficiency targets for the electrical grid network in a sweeping effort to improve energy efficiency.

Major international suppliers of technology to China’s rural electrical grid, as well as key industry organizations like Hitachi Metals, will be on hand at the conference to wow the attendees with the latest breakthroughs in amorphous alloy technology and others.

Chairman of CPQQ, Yongxing Song, expressed his profound honor at the Company’s being selected to co-host this important conference and called the conference a magnificent opportunity for industry professionals and partners from around the world to meet and exchange ideas. The massive global demand for energy saving technology and China’s demand in particular creates a solid footing for expansion of the Company’s already solid market in revolutionary amorphous alloy transformers, which reduce no-load loss by over 70%. Rural markets are an ideal candidate for such technologies due to the no-load loss being much higher than in urban areas.

Following the conference, CCPQ will be at the extremely important GTEC exhibition and conference, the paramount event for the sector which is to be conducted in conjunction with an official high level summit of ASEAN countries, creating a bridge for Chinese tech companies to help ASEAN countries reshape their energy platforms and help to create a greener world.

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