Dongfang Electric Corporation (Chinese: 东方电气集团) 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]
Company type | Public |
---|---|
Industry | Power plant equipment manufacturing |
Founded | 1984 |
Founder | Ding Yi |
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 |
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.
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.[9][10]