GasSupply Contract for Coke-oven Gas Power Generation Project
EX-10.2 3 v164396_ex10-2.htm GAS SUPPLY CONTRACT Unassociated Document
EXHIBIT 10.2
Gas Supply Contract for Coke-oven Gas Power Generation Project
Party A: Shenmu County Jiujiang Trading Co., Ltd. (hereinafter referred to as Party A)
Address: Shagoumao Village, Xigou Office, Shenmu County
Legal Representative: Hao Ziwei
Party B: Xi’an TCH Energy Technology Co., Ltd. (hereinafter referred to as Party B)
Address: No. 86, Gaoxin Road, Hi-tech Zone, Xi’an, Shaanxi Province
Legal Representative: Ku Guohua
Whereas:
1. | Through friendly negotiation, Party A and Party B signedCooperative Contract on Coke-oven Gas Power Generation Project on May 14, 2009 (hereinafter referred to as “project contract”). |
2. | According to the agreement of above project contract, both parties reach the following agreement on matters of Party A supplies coke-oven gas to Party B. |
I. | Party A shall supply coke-oven gas to Party B for free; |
II. | Party A ensures that monthly gas supply shall be not less than 21,600,000 standard cubic meters. If Party A's monthly gas supply is lower than 21,600,000 standard cubic meters, Party B shall settle energy-saving service charge with Party A according to the generating capacity of up to 10,800,000 Kwh a month (i.e. calculated at 0.30 yuan per kilowatt-hour, and 3.24 million yuan a month.) |
III. | Party A shall issue a written notice to Party B with five working days in advance if it needs to stop its production for inspection and repair due to its production matters, so that Party B is able to revise its production plans accordingly; however, Party A still must pay the energy-saving service charge to Party B according to the article 2. |
IV. | If Party A's gas supply is insufficient and it is caused by its equipment malfunction, Party A shall pay the energy-saving service charge to Party B according to the requirement in article 2. |
V. | If Party A fails to supply sufficient gas according to the contract due to force majeure such as natural disaster and national policy etc., Party A shall prolong Party B's operating period accordingly according to Party B's actual shutdown time. |
VI. | Based upon the premise that Party A supplies sufficient amount of gas, Party B shall ensure a stable operation of this project and satisfy Party A's demand on electricity. |
VII. | This contract shall take effect on the date of execution and will remain effective until both parties terminateCooperative Contract on Coke-oven Gas Power Generation Project. This contract shall have the same legal effect to the Cooperative Contract on Coke-oven Gas Power Generation Project. |
Party A: Shenmu County Jiujiang Trading Co., Ltd. (seal)
Representative: Zhao Jun
May 20, 2009
Party B: Xi’an TCH Energy Technology Co., Ltd. (seal)
Representative: Zhou Yao
May 20, 2009