$8.29b power deal signed

Beijing - Shanghai Electric Group, one of the country's three largest power equipment makers, signed an $8.29 billion deal on Thursday with India's Reliance ADA Group for the supply of power equipment and related services over a 10-year period.

Shanghai Electric will sell 36 660-megawatt (mW) thermal power generation units, as well as spare parts for three power stations to Reliance at the rate of three to four units a year starting from 2011, the company said in a statement to the Hong Kong stock exchange.