Our company started the development of peat deposits in the territory of Primorye Russian Far East. License issued in 2007. To date, all design documentation is ready for the start of peat extraction. Approved reserves amount to 430 000 tons. The Power Plant can produce 30,000 tons per year. Investment is needed to purchase equipment and technology. We propose to consider a joint long-term cooperation for the implementation of this project. At the beginning of the funding in 3 quarter of 2011, the first batch of finished products 10000 tons will be ready for shipment in August 2012.