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GE & Harbin Electric to Supply Main Equipment for Xinyang Hongchang Group's Gas-fired Cogeneration Project

The signing ceremony for the main equipment supply contract and the long-term service contract for Henan Xinyang Hongchang Power Company Limited's 900-megawatt, gas-fired cogeneration

Released Thursday, July 25, 2013

GE & Harbin Electric to Supply Main Equipment for Xinyang Hongchang Group's Gas-fired Cogeneration Project

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Researched by Industrial Info Resources (Beijing, China)--The signing ceremony for the main equipment supply contract and the long-term service contract for Henan Xinyang Hongchang Power Company Limited's (Xinyang, Henan) 900-megawatt (MW), gas-fired cogeneration project was held in Beijing on July 11, 2013.

According to the Supply Contract, Harbin Electric Corporation (Harbin, Heilongjiang) and GE Energy will jointly supply two sets of combined-cycle units based on the advanced 9FB combustion turbine model. As reported, the value of the main equipment supply contract amounted to about $187 million, and the value of the long-term service contract amounted to about $142 million.

The Xinyang Gas-fired Cogeneration Project is located in southwestern Luoshan County, in downtown Xinyang City, in central China's Henan province. As the first 9FB-based, gas-fired cogeneration project in the Henan province, the project is fully invested by Hongchang Group, with a total investment of about $491 million. The project will be fueled by natural gas supplied via China's second "west-to-east" gas pipeline. Henan Electronic Power Survey & Design Institute (Zhengzhou, Henan), a subsidiary of the Power Construction Corporation of China (PCCC) (Beijing), is responsible for the design and engineering of the project.

The project received approval from the Development and Reform Commission of the Henan province in March 2012. Site preparation for the project kicked off in January 2013. According to the schedule, both units of the project will begin operations in the second half of 2014.

Among the leaders and representatives who attended the signing ceremony were Guo Xiaohe, the vice director of Energy Administration for the Henan Provincial Development and Reform Commission; Zhang Chunming, the deputy mayor of Xinyang City; and Chen Shiqiang, the chairman of Henan Hongchang Group Company Limited (Xinyang, Henan).

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
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