Dongfang Electric's Value of New Orders Surpasses $14.6 Billion in 2008

---

Researched by Industrial Info Resources (Sugar Land, Texas)--Despite suffering major damage to several production facilities after the magnitude-8 earthquake in May 2008, Dongfang Electric Corporation (SHA:600875) (Chengdu, Sichuan province) announced on January 20, 2009, that the value of orders it received in 2008 surpassed $14.6 billion.

Among the orders received in 2008, orders for thermal power equipment accounted for 45% of the total; nuclear power equipment accounted for 22%; hydropower equipment accounted for 10%; wind power equipment accounted for 10%; and gas turbines accounted 7.5%. The percentage of orders for new-energy and clean-energy equipment surpassed that of thermal power equipment for the first time for the company. Large supercritical coal-fired units, large hydropower equipment, 1,000-megawatt nuclear power equipment and wind power equipment have become Dongfang Electric's leading products. The company also established the capability to produce flue gas desulfurization devices and denitration catalysts in large quantities.

In 2008, the total output of power generating equipment manufactured by the company reached 35,997 MW, an increase of 3.7% year over year. This not only created a new record high, but also ranks the company No. 1 in the world for the fifth straight year. The output of thermal power equipment reached 26,195 MW; hydropower output reached 7,602 MW; nuclear power output reached 1,000 MW; and wind power output reached 1,200 MW.

The company's exports for the year totaled about $600 million, and its combined-cycle gas turbine generating units were exported to the European market for the first time. Dongfang Electric ranked 86th in the "2008 Top 225 Global Contractors" prepared by the Engineering News-Record.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services.