China Keli Electric Co. Ltd. (TSX-V: ZKL) has sealed a bid that will move it further into the renewable energy sector.
The company announced last week a $265,000 sales order from Ruiwei Environment Production Renewable Energy Co. Ltd. in China.
“This year seems to be a turning point for China Keli in our penetration into the environmental application areas,” said China Keli’s chairperson Madame Wong in a press release.
The deal comes on the heels of a $1.75 million sales agreement made with Guang Da Electric on May 9.
“This order again shows how we are rapidly expanding our product sales … into new markets,” said China Keli CEO Lou Meng Cheong in a press release.
Ruwei is set to buy high-low-voltage switchgear to aid in a waste incineration project in Lishui City, Zhejiang Province.
China Keli specializes in the development, manufacturing, and installation of high-voltage electrical components and equipment in China.
Jen O’Rourke
Twitter:JRoar