A Friend in Need— Huaneng Placing Big Order of 4.5 Billion Yuan with Dongfang Electric to Support Its Post-disaster Reconstruction

On May 24, 2008, China Huaneng Group and Dongfang Electric Group (“Dongfang”) signed an order for about 4.5 billion Yuan worth of generation equipment in Chengdu, Sichuan Province. This is the biggest order signed by Dongfang after the earthquake and will play an important role in supporting its self-help and post-disaster reconstruction.

China Huaneng Group is the largest state-owned power producer. The second day after learning that Dongfang had suffered heavily in the disaster, Huaneng sent a letter of sympathy to Dongfang and then donated a total of 10 million Yuan to support Dongfang in the disaster relief efforts. Shortly afterwards,the Party Group of Huaneng Group decided to offer a greater and more effective support to Dongfang by concluding the contract for generator set equipment. The 4.5 billion Yuan worth of contract signed this time is an actual action taken by Huaneng to fully support an upstream brother state-owned enterprise to resume production and post-disaster reconstruction and support the development of national equipment manufacturing industry.