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CONSTRUCTION IN PROGRESS
3 Months Ended
Mar. 31, 2012
CONSTRUCTION IN PROGRESS

6. CONSTRUCTION IN PROGRESS

 

“Construction in progress” was the amount paid for constructing power generation systems.  At March 31, 2012, the Company had paid $19.81 million for Phase III of the Erdos TCH power generation system projects, and 12.71 million for Shannxi Datong Coal Group Power Generation project (See Note 19). At December 31, 2011, the Company had paid $19.77 million for Phase III of the Erdos TCH power generation system projects, and $12.70 million for Shannxi Datong Coal Group Power Generation project (See Note 19). The Company is committed to pay an additional $8.79 million for Phase III projects excluding quality deposits of $120,000, and $15.89 million for Shannxi Datong Coal Group Power Generation project.