CHINA RECYCLING ENERGY CORP | 2013 | FY | 3


6. CONSTRUCTION IN PROGRESS
 
Construction in progress was for constructing power generation systems.  As of December 31, 2013, the Company had construction in progress of $83.72 million, including $17.01 million for Shanxi Datong Coal Group one 15MW WGPG and two 1MW steam power generation projects; $25.54 million for Xuzhou Huayu project, $17.19 for Xuzhou Tian’an project and $23.98 million for Shandong Boxing project. As of December 31, 2012, the Company had construction in progress of $19.27 million for Shanxi Datong Coal Group two 3 MW TRT systems and $3.72 million for Shenqiu Project Phase II. Shenqiu Project Phase II was completed at the end of March 2013. The two 3 MW TRT systems of Shanxi Datong project were completed and sold in the second quarter of 2013. As of December 31, 2013, the Company was committed to pay an additional $3.77 million for the Shanxi Datong Coal Group Power Generation project, $8.20 million for Xuzhou Huayu project, $16.40 million for Xuzhou Tian’an project, and $9.84 million for Shandong Boxing project.

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