Dongfang Electric Corporation () is a Chinese state-owned manufacturer of

power generators Electricity generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery (transmission, distribution, etc.) to end users or its storag ...

and the contracts of

power station A power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the generation of electric power. Power stations are generally connected to an electrical grid. Many ...

projects. According to

Platts S&P Global Commodity Insights is a provider of energy and commodities information and a source of benchmark price assessments in the physical commodity markets. The business was started with the foundation in 1909 of the magazine ''National Pet ...

, in 2009-10 the company was the second largest manufacturer of

steam turbine A steam turbine is a machine that extracts thermal energy from pressurized steam and uses it to do mechanical work on a rotating output shaft. Its modern manifestation was invented by Charles Parsons in 1884. Fabrication of a modern steam tu ...

s by worldwide market share, tying with Harbin Electric and slightly behind

Shanghai Electric Shanghai Electric (officially Shanghai Electric Group Company Limited) is a Chinese multinational power generation and electrical equipment manufacturing company headquartered in Shanghai. The company traces its roots to 1880. Shanghai Electri ...

History

It was founded in 1984 and is based in

Chengdu Chengdu (, ; simplified Chinese: 成都; pinyin: ''Chéngdū''; Sichuanese pronunciation: , Standard Chinese pronunciation: ), alternatively romanized as Chengtu, is a sub-provincial city which serves as the capital of the Chinese provin ...

Sichuan Sichuan (; zh, c=, labels=no, ; zh, p=Sìchuān; alternatively romanized as Szechuan or Szechwan; formerly also referred to as "West China" or "Western China" by Protestant missions) is a province in Southwest China occupying most of t ...

. Its

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a ...

is Dongfang Electric Corporation Limited () (,). Its

H shares H shares () refer to the shares of companies incorporated in mainland China that are traded on the Hong Kong Stock Exchange. Many companies float their shares simultaneously on the Hong Kong market and one of the two mainland Chinese stock excha ...

and A shares were listed on the

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a List of cities in China, city and Special administrative regions of China, special ...

and

Shanghai Shanghai (; , , Standard Chinese, Standard Mandarin pronunciation: ) is one of the four Direct-administered municipalities of China, direct-administered municipalities of the China, People's Republic of China (PRC). The city is located on the ...

. *1958: Dongfang Electric Machinery Plant () was established. *1984: Dongfang Electric Corporation was established by Ding Yi. *1993: China Dongfang Electric Machinery Plant was restructured to form Dongfang Electric Machinery Company Limited (). *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. *2007: China Dongfang Electric Corporation was listed entirely in Dongfang Electric Machinery Company. Dongfang Electric Machinery Company was renamed to Dongfang Electric Corporation Limited ().

Controversy

Dongfang was accused by

General Electric General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable ene ...

in court papers of benefitting from a rigged tendering process awarded by South African utility giant

Eskom Eskom Hld SOC Ltd or Eskom is a South African electricity public utility. It was established in 1923 as the Electricity Supply Commission (ESCOM) and was also known by its Afrikaans name Elektrisiteitsvoorsieningskommissie (EVKOM). Eskom repre ...

to install a new

boiler A boiler is a closed vessel in which fluid (generally water) is heated. The fluid does not necessarily boil. The heated or vaporized fluid exits the boiler for use in various processes or heating applications, including water heating, central ...

at the

Duvha Power Station Duvha Power Station in Mpumalanga, South Africa, is a coal-fired power plant operated by Eskom. The tall chimneys at Duvha are the second and third tallest structures in Africa, only a chimney located at the Secunda CTL plant is taller. History ...

. General Electric claims that Dongfang got the contract even though its bid was R1 billion (US$76 million) more than the General Electric bid.

References

External links

Dongfang Electric Corporation

Dongfang Electric Corporation Limited
{{authority control 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 Chinese brands

History

Controversy

See also

References

External links