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China Daily Website

Harbin Electric signs $643m contract

Updated: 2012-12-03 13:57
By WU YONG in Harbin ( chinadaily.com.cn)

Harbin Electric Corp, China's top power equipment maker by sales, signed a $643 million contract with Malaysia's Genting.

The 660 Megawatt coal-fired power plant in Indonesia is the company's first cooperation with Malaysia. Gong Jingkun, chairman of Harbin Electric Corp, said the company would establish a high-level model station and push forward Sino-Malaysia economic cooperation.

According to Deutsche Bank, the company avoided the battered nuclear equipment market in recent years. Experts expected its overseas projects will reach $161 million and the years' overall orders would reach $6.428 billion.




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