China Guodian Awards $1.2 Billion Order to Quake-Damaged Dongfang Electric Corporation

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Researched by Industrial Info Resources (Sugar Land, Texas)--On June 26, China Guodian Corporation (Beijing) signed a contract with Dongfang Electric Corporation Limited (SHA:600875) (Chengdu) to supply $1.2 billion of power generation equipment to China Guodian. This is the largest contract awarded to the quake-hit Dongfang Electric after the Wenchuan earthquake occurred on May 12. The Chinese government has issued requests to support enterprises in the quake-hit area. Zhu Yongfan, General Manager of China Guodian, and Wang Ji, Chairman of Dongfang Electric, as well as other leaders and representatives, attended the signing ceremony.

The $1.2 billion order awarded by China Guodian accounts for a large portion of Dongfang Electric's new orders, and will inject new energy into the reconstruction of the corporation after the disaster, Wang Ji said in his address at the ceremony.

The equipment will be used in four power projects involving thermal power, hydropower and wind power and will have a total installed capacity of 6,760 megawatts (MW). The equipment will include boilers for two 1,000-MW ultra-supercritical coal-fired units for the Hanchuan Power Plant, two 350-MW steam turbines for the Qingshan Power Plant in central China's Hubei province; two 330-MW steam turbines for the Jiuqian Power Plant in northwestern China's Gansu province; four 650-MW hydraulic turbine generating units for the Dagangshan Hydropower Plant in Ya'an city, Sichuan province; and 800 MW of wind turbines for China Longyuan Electric Power Group Corporation (Beijing), a fully owned subsidiary of China Guodian and a leading wind power producer in China.

Dongfang Electric is one of the three main power-generation equipment manufacturers in China, with major production bases in Sichuan province. The state-owned enterprise suffered major damage from the earthquake. According to the reconstruction plan, Dongfang Electric will resume 80% of its production capacity by the end of this year.

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