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CONTRACT TO DESIGN AND CONSTRUCT TRT SYTEM

Design Contract

CONTRACT TO DESIGN AND CONSTRUCT TRT SYTEM
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CHINA RECYCLING ENERGY CORP | Xingtai Iron and Steel Co., Ltd | Yingfeng Science&Technology Co.,Ltd

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Title: CONTRACT TO DESIGN AND CONSTRUCT TRT SYTEM
Date: 4/9/2007
Industry: COMEQP    

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FORM 8-K Exhibit 10

FORM 8-K  Exhibit 10.2
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                   CONTRACT TO DESIGN AND CONSTRUCT TRT SYTEM

     This Contract to Design and Construct TRT System (`Contract") is entered on
this 26th Day of September, 2006 by and between
     Xingtai Iron and Steel Co., Ltd  ("Xingtai"),  locate at No.262 Steel South
Road,  Xingtai City, Hebei Province,  People's  Republic of China,  Postal Code:
054027                                 and
     Xi'an Yingfeng Science&Technology Co.,Ltd ("Yingfeng"), located at Chang'an
International  Square, Suite B, Room 909, No. 88,  Nan-Guan-Zheng  Street, Xi'an
City, Shaanxi Province, People's Republic of China, Postal Code: 710068

     (Xingtai and Yingfeng shall  individually be referred to as a "Party",  and
collectively as the "Parties".)

     In accordance  with the Contract Law of the People's  Republic of China and
other  pertinent  laws and  regulations  of China,  both Parties  enter into the
following  sections and terms on the  principles of equality and mutual  benefit
and through friendly negotiations:

Section 1. TRT Project
----------------------
     This is a Blast Furnace Top Gas Recovery Turbine Unit Project  (hereinafter
referred to as "TRT  Project")  and will be  constructed  based on No.4 and No.5
blast furnace owned by Xingtai.

Section 2. Cooperation Method
-----------------------------
     (1) The fund for designing and  constructing the TRT Project will be raised
by Yingfeng.  A third party,  China Foreign Economy and Trade Trust & Investment
Co.,Ltd  ("FOTIC"),  which shall be capable of fulfilling the qualifications for
capital  lease,  will be invited by  Yingfeng.  FOTIC will  provide  the capital
leasing  service  for TRT  Project.  Xingtai  and FOTIC will enter a Contract of
Capital Lease.
     (2) Yingfeng  agrees to make  payments of deposit,  commission  charges and
other fees associated with the financial affairs of TRT Project.  Xingtai agrees
to pay the  monthly  rental to  Yingfeng  and FOTIC  after  the TRT  Project  is
completely constructed and relegated by Yingfeng.

Section 3. Technology Requirements
----------------------------------
     Yingfeng  designs the project  according to the  technology  documents  and
plans ("Plan") attached to this Contract signed by Xingtai and Yingfeng and such
design should be accepted by Xingtai.  Yingfeng constructs the project according
to the above-mentioned  Plan. The completed project should comply with such plan
and other  industrial  standards  and fulfill the  requirement  of connecting to
public  electrical  wire in XingTai.  The appendices to this  Contract,  such as
construction  technology  agreement  entered in  accordance  with the Plan,  are
integral parts of this Contract and equally effective.

Section 4. Necessary Condition
------------------------------
     Xingtai shall:
     (1)  Apply  for  and  acquire  all  the  necessary  license,  approval  and
certificates for land use and  construction of the TRT project. 

<PAGE>



     (2)     Ensure     that     the      pipeline     of     Blast      Furnace
Gasi(cent)wateri(cent)nitrogen  and  eletricity  will be linked to  construction
site of the TRT Project.

Section 5. Fund and Payment
---------------------------

     (1) The total amount of fund for the TRT Project is Thirty Million RMB Yuan
     ((pound)*30,000,000),     which     include    the    cost    of    design,
     constructioni(cent)equipments and financial affairs.
     (2) Project  rental:  Base on the  investment  forecast,  Xingtai will make
     monthly rental payment of Nine Hundred Thousand RMB Yuan  ((pound)*900,000)
     to  Yingfeng  and FOTIC for total 60 months.  As the actual  investment  is
     confirmed  by  both  Parties,  monthly  rental  payment  will  be  adjusted
     accordingly.  The formula of adjustment is: Monthly Rental Payment(RMB Yuan
     in 10  Thousands)=(pound)*900,000  x  Actual  Investment  (RMB  Yuan  in 10
     Thousands)/(pound)*30,000,000.
     (3) Project fund payment: Yingfeng will relegate the TRT project to Xingtai
     when it is  completed  and under  working  order. 

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