Contract lifeline for Dongfang
By Wan Zhihong | China Daily | Updated: 2008-05-27 07:13
China Huaneng Group has signed a 4.5 billion yuan contract with Dongfang Electric for power generation equipment supply in a move to help the earthquake-hit company get back on its feet.
Under the agreement, Dongfang will provide Huaneng six thermal power units, each with a capacity of 660 mW. The company will also provide several wind power units, with a combined capacity of more than 4,000 mW, Huaneng said.
This is the largest contract Dongfang has got since the May 12 earthquake. The company was one of the State-owned enterprises hardest hit by the earthquake, according to the State-owned Assets Supervision and Administration.
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