Dongfang bags 20.4 bn yuan Indian, Chinese orders

China's leading power equipment manufacturer Dongfang Electric Corporation has received orders worth around 20.4 billion yuan from Indian and Chinese companies.

In a regulatory filing to the Hong Kong Stock Exchange, Dongfang Electric said it has bagged three orders in the field of thermal power export, wind power export and nuclear power amounting around 20.4 billion yuan.

The company has bagged two orders from India -- one from Abhijeet Projects and the other from KSK Energy worth $2.5 billion and $203 million, respectively -- the filing added.

As per the contract, Dongfang Electric would supply 10 sets of 660 MW super-critical units for burning coals power stations to Abhijeet Projects and 166 units of 1.5 MW direct-drive wind-power equipment to KSK Energy.

The Dongfang Electric-KSK Energy contract entails the first time bulk export of wind power equipment made in China and also the first time for wind power equipment of Dongfang Electric entering into the overseas market.

Besides, on November 4, Dongfang Electric entered into an equipment purchase contract with CPI Jiangxi Nuclear Power Co and China Power Project Equipment Co for steam turbine generation sets for phase 1 of Pengze nuclear construction project for around 2.4 billion yuan.

The said three orders are worth around 61 per cent of Dongfang Electric's operating revenue in 2009, the filing said.

Indian businesses signed deals worth $16 billion with their Chinese counterparts during Chinese Premier Wen Jiabao's visit to India.