Dongfang bags 20.4-bn yuan Indian, Chinese orders

Dongfang Electric Corporation, China’s leading power equipment manufacturer, 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 had bagged three orders in the fields of thermal power export, wind power export and nuclear power amounting to around 20.4 billion yuan.

The company has bagged two Indian orders — from Abhijeet Projects and KSK Energy worth $2.5 billion and $203 million, respectively.

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. Also, it is the first time that wind power equipment of Dongfang Electric is entering the overseas market.

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

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