Dongfang Electric Corporation

Dongfang Electric Group, the controlling shareholder of Dongfang Electric Corporation, will invest CNY 150 million in cash to increase its stake in Sichuan Dongshu New Materials Co., Ltd., a subsidiary of Dongfang Turbine. After the investment, Dongfang Electric Group will hold 52.46% and Dongfang Turbine 47.54%.

Dongfang Electric Corporation was awarded a $4.4 billion contract to build the world's largest ultra-supercritical clean-coal power plant at Hamrawein, Egypt, with a capacity of nearly 7 GW.

Dongfang Electric Corporation, Dongfang Turbine Co., Ltd., and Mitsubishi Hitachi Power Systems signed a three-party strategic cooperation agreement on November 7, 2018, to deepen cooperation in gas turbine manufacturing technology and expand collaboration in China and global markets.

Dongfang Electric Corporation's board approved the absorption merger of Dongfang Electric Machinery Co., Ltd. with Deyang Dongfang Electric Machinery Factory Co., Ltd., and Dongfang Steam Turbine Co., Ltd. with Dongqi Investment Development Co., Ltd.

Dongfang Electric, in a consortium with Shanghai Electric, signed an EPC contract for the 6x1100MW Hamrawein clean coal power plant in Egypt. The project is the world's largest clean coal power plant and will use ultra-supercritical technology.

Mitsubishi Hitachi Power Systems signed a memorandum with China's Dongfang Electric to adopt the latest J-Series gas turbine at a combined-cycle power plant developed by Sichuan Provincial Investment Group. The CCGT is meant to be the first in a series of projects.

A consortium led by Dongfang Electric and Shanghai Electric has secured a USD4.4 billion contract to supply ultra-supercritical power generation systems for the 6,600 MW Hamrawein clean coal power plant in Egypt.

POWERCHINA Resources Limited signed contracts with Harbin Electric Co and Dongfang Electric Co for the purchase of boiler, steam turbine and generator for the Barisal 350MW coal-fired power plant project in Bangladesh. The signing ceremony was held on August 28, 2018.

Mitsubishi Hitachi Power Systems signed an MOU with Dongfang Electric Corporation and Sichuan Provincial Investment Group to introduce J-Series gas turbines at a thermal power plant in Sichuan, China. MHPS will provide technical support for manufacturing.

Dongfang Electric and Shanghai Electric, as a 50/50 joint venture, received a letter of award from Egypt Electricity Holding Company on June 23, 2018, for a $4.4 billion EPC contract to build six 1000MW ultra-supercritical coal-fired units and a coal terminal at Hamrawein, Egypt.

Dongfang Electric adjusted the total consideration for acquiring power equipment and other assets from its parent company China Dongfang Electric to 6.792 billion yuan, down from 6.909 billion yuan, via a supplementary agreement.

Dongfang Electric Corporation plans to acquire power equipment and other assets from its parent company, China Dongfang Electric, for a total consideration of 6.909 billion yuan, to be paid through the issuance of A-shares.