Dongfang Electric
 | |
| Company type | State-owned |
|---|---|
| Industry | Power plant equipment manufacturing |
| Founded | 1984 |
| Headquarters | , China |
Area served | Worldwide |
Key people | Wang Ji (王计) (Chairman) |
| Revenue | 32,324,500,000 renminbi (2018)  |
| Subsidiaries | Dongfang Electric Corporation Limited |
| Website | Dongfang Electric Corporation Dongfang Electric Corporation Limited |
Dongfang Electric Corporation (Chinese: 东方电气集团) is a Chinese publicly traded corporation engaged in the manufacturing 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]
History
It was founded in 1984 and is based in Chengdu, Sichuan.[2][3] Its subsidiary is Dongfang Electric Corporation Limited (Chinese: 东方电气股份有限公司) (SEHK: 1072,SSE: 600875). Its H shares and A shares were listed on the Hong Kong and Shanghai.
- 1958: Dongfang Electric Machinery Plant (Chinese: 东方电机厂) was established.[4]
- 1984: Dongfang Electric Corporation was established.
- 1993: China Dongfang Electric Machinery Plant was restructured to form Dongfang Electric Machinery Company Limited (Chinese: 东方电机股份有限公司).[5]
- 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.[6]
- 2007: China Dongfang Electric Corporation was listed entirely in Dongfang Electric Machinery Company. Dongfang Electric Machinery Company was renamed to Dongfang Electric Corporation Limited (Chinese: 东方电气股份有限公司).[7]
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 event thought its bid was R1 billion (US$76 million) more than the General Electric bid.[8][9]
See also
- List of renewable energy companies by stock exchange
- List of wind turbine manufacturers
- Wind energy companies of China
- Wind power
References
- ^ "Capital Goods: China Losing Its Shine". Societe General.
- ^ Dongfang Electric Corporation
- ^ Dongfang Electric Corporation
- ^ DONG FANG ELECTRICAL MACHINERY AND THE SWITCH SIGN WINDPOWER GENERATOR CO- OPERATION AGREEMENT
- ^ Dongfang Electric Corporation Limited
- ^ Dongfang Electrical Machinery Co Ltd[permanent dead link]
- ^ Dongfang Electric maker goes for total listing
- ^ STEPHAN HOFSTATTER AND CAROL PATON (26 April 2017). "GE claims Eskom favoured Chinese firm's bid, with backing of Trillian". Business Day. Retrieved 2017-04-26.
{{cite news}}: Cite has empty unknown parameter:|dead-url=(help) - ^ STEPHAN HOFSTATTER (26 June 2017). "Chinese firm Dongfang pockets R600m from 'rigged' Eskom deal". Business Day. Retrieved 2017-06-26.
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External links
| Big Five |
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| Other power generators |
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| Grid companies | |||||||
| Power equipment manufacturers |
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- Manufacturing companies of China
- Wind power in China
- Wind turbine manufacturers
- Electrical engineering companies of China
- Government-owned companies of China
- Companies based in Chengdu
- Companies listed on the Hong Kong Stock Exchange
- Companies listed on the Shanghai Stock Exchange
- H shares
- Chinese companies established in 1984
- Manufacturing companies established in 1984