Harbin Electric signs $643m contract
Updated : 2013-05-21
By ( 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.
Harbin regained the honorary title of "National Civilized City" on Aug 21.
Harbin Economic and Development Zone recently issued measures for the innovative development of the industrial chain.
The Harbin area of China (Heilongjiang) Pilot Free Trade Zone recently moved to streamline its small business licensing regulations to help stimulate the zone’s economy.
Heilongjiang province will leverage all its formidable array of natural advantages to develop its popular winter tourism.