H-share Dongfang Electrical Machinery, one of a handful of mainland electricity generator makers, has bagged a 269 million yuan (about HK$252.54 million) contract to supply turbine generators for a hydro-power project in Sichuan province. The contract had raised the company's uncompleted orders on hand to about 2.5 billion yuan, up from 1.7 billion yuan at the end of last year, executive director Gong Dan said. Dongfang Electrical has signed a deal with Sichuan Zipingpu Development to supply generators for the Zipingpu power station, which will have four 190-megawatt hydro-turbine generator sets. They will be installed in Dujianyan city on the mainstream of Min Jiang River. Delivery of the generators is scheduled for February, July and December 2005 and May 2006. The Zipingpu project is part of Beijing's western region development strategy, which includes a policy to develop energy sources in the western part of the country and deliver energy to the east through investment in delivery infrastructure. Dongfang Electrical's management said late last year the company had posted a net profit last year after three years of losses. It is expected to bid for projects in the east-bank segment of the giant Three Gorges hydro-power project this May, and the Xiaowan hydro project in Yunnan province in June.
