Shanghai Electric
| Company type | Public |
|---|---|
| Industry | Power generation, Electrical equipment manufacturing |
| Predecessor | Subsidiary founded prior to 1880 |
| Headquarters | Shanghai , China |
Area served | Worldwide |
| Products | Power generation machinery, transmission and distribution systems, transformers, switchgear, circuit breakers, transportation equipment, machine tools, elevators, packaging and printing machinery, environmental protection technologies |
Shanghai Electric Group Company Limited, commonly known as Shanghai Electric, is a global Chinese manufacturer specializing in power generation and electrical equipment, with its headquarters located in Shanghai. Established originally before 1880, the firm focuses on the development, production, and marketing of a wide range of products including power generation machinery, transmission and distribution systems, transformers, switchgear, circuit breakers, transportation equipment, machine tools, elevators, packaging and printing machinery, as well as environmental protection technologies.
The company holds the distinction of being the largest producer worldwide of steam turbines.
History
The origins of Shanghai Electric date back to a subsidiary founded prior to 1880. Since 1949, the company has reached several significant milestones such as producing China’s inaugural 6,000 kW fossil-fueled power unit, creating the world’s first cooling gas turbine generator, delivering China’s first 300 MW nuclear power unit, and manufacturing the country’s initial 1,000 MW ultra super-critical fossil-fueled units.
Shanghai Electric became publicly traded on the Hong Kong Stock Exchange on April 28, 2005, followed by a listing on the Shanghai Stock Exchange on December 5, 2008.
In October 2010, it secured an $8.3 billion agreement with India’s Reliance Power to supply 36 coal-fired thermal power units over a three-year span. The following year in April 2011, Shanghai Electric entered into a joint venture with Alstom to merge their power plant boiler operations into Alstom-Shanghai Electric Boilers Co. Additionally, by June 2011, the company planned to invest RMB 1 billion in a fifty-fifty joint venture alongside Shanghai Municipal Electric Power Company.
In September 2011, Shanghai Electric signed a partnership deal with CESC aimed at cooperating on coal-based power plant projects within India.
Corporate affairs
Shanghai Electric manages multiple A-share listed subsidiaries such as Shanghai Mechanical & Electrical Industry Co., Ltd., alongside more than fifty joint ventures including Shanghai Mitsubishi Elevator Co., Ltd., which was established in collaboration with Mitsubishi Electric.
The company’s strategic initiatives emphasize concentrating on core businesses, driving innovation internally, and integrating global resources. These efforts are intended to boost China’s competitive edge and elevate the "Shanghai Electric" brand into an internationally recognized name.
Products
The product portfolio of Shanghai Electric encompasses the design, production, and sales of power generation machinery, wind turbines, equipment for power transmission and distribution, transformers, switchgear, circuit breakers, transport machinery, machine tools, elevators, packaging and printing machines, as well as environmental protection apparatus. The firm also delivers comprehensive turnkey solutions and services for power plant projects.
Subsidiaries
Shanghai Electric Wind Energy Co., Ltd. is dedicated to manufacturing wind turbines.
- In 2006, it obtained licensing rights to produce DeWind’s 1.25 MW D6 wind turbines.
- Since 2009, it has been manufacturing a 2 MW turbine designed by aerodyn Energiesysteme GmbH.
- By 2010, SEWIND developed an offshore turbine rated at 3.6 MW.
- In 2009, Siemens partnered with Shanghai Electric through joint ventures to form a strategic alliance targeting China’s wind energy market.
- By 2012, they successfully developed an offshore turbine with a capacity of 5.0 MW.