Gas Supply Contract for Coke-oven Gas Power Generation Project
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:
Xx. 00, Xxxxxx Xxxx, Xx-xxxx Xxxx, Xx’an, Shaanxi Province
Legal
Representative: Ku Guohua
Whereas:
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1.
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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”).
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2.
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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.
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I.
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Party
A shall supply coke-oven gas to Party B for
free;
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II.
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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.)
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III.
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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.
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IV.
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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.
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V.
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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.
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VI.
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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.
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VII.
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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.
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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
