Dongfang Electric to Supply 660-Megawatt Power Units to India

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Researched by Industrial Info Resources (Sugar Land, Texas)--Dongfang Electric Corporation Limited (DEC Limited) (Chengdu, China) (SHA:600875), the listed flagship of Dongfang Electric Corporation (DEC) (Chengdu), signed a contract with Lanco Infratech Limited (Hyderabad, India), a subsidiary of Lanco Group (Haryana, India) to supply six 660-megawatt (MW) ultra-supercritical power units, including boilers, for three Indian coal-fired power projects in Chengdu on November 17, 2009, DEC announced.

"Lanco is a long-term partner of DEC in the Indian market. The signing of the contract will further enhance the cooperation between the parties, and further promote the export of DEC's 660-MW units," said DEC in the announcement.

In 2007, DEC took over a contract from Indian rival Bharat Heavy Electricals Limited (BSE:500103) (BHEL) (New Delhi) and supplied two 600-MW coal-fired units for the Nagarjuna power project in Mangalore. After this, DEC received more orders from the Indian market. To better serve the Indian market, DEC set up an Indian service center in 2008. To date, DEC has received more than 10 gigawatts of thermal power equipment orders from India, accounting for more than 40% of the total power equipment exported from China to India.

This contract is the third large thermal power equipment order received this month. On November 5, DEC signed a contract with Shandong Luneng Group Company Limited (Jinan, China) to supply boiler, turbine and generator packages and major auxiliary equipment for two 1,000-megawatt (MW) coal-fired units in the Phase II expansion project of the Deyuan Fugu power plant. On November 13, DEC signed the contracts with Guangdong Yuedian Group Company Limited (Guangzhou, China) to supply BTG packages for two 600-MW coal-fired units to Shaoguan power plant and a 600-MW coal-fired unit for the Maoming Thermal power plant.

DEC is one of the top-three power equipment manufacturers in China. In the first three quarters of this year, DEC settled $3.3 billion of orders and received $7 billion of new orders. As of September 30, DEC's total value of booked orders was $20 billion, including $9.5 billion for thermal power.

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