Dongfang Electric
| Company type | State-owned enterprise |
|---|---|
| Industry | Power generation equipment manufacturing |
| Founded | 1984 |
| Founder | Ding Yi |
| Headquarters | Chengdu , China |
| Products | Power generators, steam turbines, wind turbines |
Dongfang Electric Corporation () is a state-owned Chinese enterprise specializing in the production of power generators and managing power station project contracts. Between 2009 and 2010, it ranked as the world's second-largest producer of steam turbines by market share, closely following Shanghai Electric and sharing its position with Harbin Electric. The corporation currently operates the most powerful wind turbine globally by installed capacity, rated at 18 MW.[1]
History
Headquartered in Chengdu, Sichuan, Dongfang Electric Corporation was established in 1984. Its publicly traded subsidiary, Dongfang Electric Corporation Limited (), is listed on both the Hong Kong () and Shanghai Stock Exchanges ().
- 1958: Originated as Dongfang Electric Machinery Plant ().
- 1984: Official establishment of Dongfang Electric Corporation by Ding Yi.
- 1993: Transitioned into Dongfang Electric Machinery Company Limited ().
- 1994: Debuted on the Hong Kong Stock Exchange.
- 1995: Listed on the Shanghai Stock Exchange.
- 2007: Consolidated full listings under Dongfang Electric Machinery Company, which was subsequently renamed Dongfang Electric Corporation Limited ().
Controversy
Dongfang Electric Corporation was implicated in allegations made by General Electric through court filings, accusing it of gaining an unfair advantage in a tender process conducted by South African utility Eskom. The dispute concerned a contract for installing a new boiler at Duvha Power Station, where GE claimed Dongfang won the bid despite submitting an offer R1 billion (approximately US$76 million) more expensive than GE's proposal.
See also
External links
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