Description of business:
Greka Engineering & Technology Ltd ("Greka Engineering") is a newly-incorporated subsidiary of Green Dragon Gas Ltd. ("Green Dragon") and was established to hold Green Dragon's engineering and technology businesses and certain of its pipeline and gas compression assets.
Greka Engineering's business includes the provision of engineering, procurement, construction and management (EPCM) for infrastructure projects in the unconventional gas sector in China. Projects completed include the design, construction and management of gas gathering systems, a CNG compressing integrated production facility, the installation and commissioning of a 10MW gas-fired power facility and the construction of CNG retail stations.
Greka Engineering is also involved in the research, development and delivery of technologies specific to the unconventional gas sector and incorporating such technologies into industry-specific hardware manufactured in-house such as well-head and gas gathering system compressors, CNG and LNG dispensers, Integrated Circuit Card Point of Sale (ICC POS) gas station systems and a SCADA (supervisory control and data acquisition) system used for remote supervision and management of drilling operations, gas gathering systems, power facilities, vehicles and retail gas stations.
Greka Engineering will be de-merged from Green Dragon by means of a dividend distribution to Green Dragon shareholders.
Greka Engineering & Technology Ltd.