Repurchase Agreement for the Coke-oven Gas Power Generation ProjectRepurchase Agreement • January 3rd, 2012 • China Recycling Energy Corp • Services-business services, nec
Whereas: Party A and Party B signed the “Cooperative Contract on Coke-oven Gas Power Generation Project” (the “Contract”). Party A has finished the construction, adjustment, power generation and its other obligations for the project pursuant to the Contract and holds the ownership of the project. The period for energy saving service by Party A hasn’t reached 10 years yet, however, due to unforeseeable state policy changes that a series of new regulations to reduce and restrict coke production of Party B by local government for energy conservation and emission reduction purposes have caused insufficient coke-oven gas supply for the power generation project and the power production has decreased.
