Dongfang Electric Corporation is a Chinese state-owned manufacturer of power generators and the contracts of power station projects. According to Platts, in 2009-10 the company was the second largest manufacturer of steam turbines by worldwide market share, tying with Harbin Electric and slightly behind Shanghai Electric.[1] The company currently operates the world's most powerful wind turbine by installed capacity, at 18 MW.[2]
History
It was founded in 1984 and is based in Chengdu, Sichuan.[3][4] Its subsidiary is Dongfang Electric Corporation Limited (, sse: 600875). Its H shares and A shares were listed on the Hong Kong and Shanghai.
- 1958: Dongfang Electric Machinery Plant was established.[5]
- 1984: Dongfang Electric Corporation was established by Ding Yi.[6]
- 1993: China Dongfang Electric Machinery Plant was restructured to form Dongfang Electric Machinery Company Limited .[7]
- 1994: Dongfang Electric Machinery Company was listed on the Hong Kong Stock Exchange.
- 1995: Dongfang Electric Machinery Company was listed on the Shanghai Stock Exchange.[8]
- 2007: China Dongfang Electric Corporation was listed entirely in Dongfang Electric Machinery Company. Dongfang Electric Machinery Company was renamed to Dongfang Electric Corporation Limited .[9]
Controversy
Dongfang was accused by General Electric in court papers of benefitting from a rigged tendering process awarded by South African utility giant Eskom to install a new boiler at the Duvha Power Station. General Electric claims that Dongfang got the contract even though its bid was R1 billion (US$76 million) more than the General Electric bid.[10][11]
See also
- List of wind turbine manufacturers
- Wind energy companies of China
- Wind power
External links
References
- Capital Goods: China Losing Its Shine Societe General, retrieved 2015-11-03^
- Maritime Executive. Dongfang Unveils Record-Smashing 26 MW Offshore Wind Turbine 14 October 2024, retrieved 17 October 2024^
- Dongfang Electric Corporation^
- Dongfang Electric Corporation^
- DONG FANG ELECTRICAL MACHINERY AND THE SWITCH SIGN WINDPOWER GENERATOR CO- OPERATION AGREEMENT^
- Yue Huairang 岳怀让. 著名企业家、92岁东方电气创始人丁一逝世 The Paper, 2019-03-07, retrieved 2019-03-09^
- Dongfang Electric Corporation Limited^
- Dongfang Electrical Machinery Co Ltd^
- Dongfang Electric maker goes for total listing^
- STEPHAN HOFSTATTER AND CAROL PATON. GE claims Eskom favoured Chinese firm's bid, with backing of Trillian Business Day, 26 April 2017, retrieved 2017-04-26^
- STEPHAN HOFSTATTER. Chinese firm Dongfang pockets R600m from 'rigged' Eskom deal Business Day, 26 June 2017, retrieved 2017-06-26^