HK Stock Market Move | Dongfang Electric Corporation (01072) rose by more than 7% again, winning the core equipment order for the 50 MW joint cycle power generation project in Jiangbul County, Kazakhstan.

Dongfang Electric Corporation (01072) surged more than 7%, reaching a 7.39% increase at the time of publication, with a price of 23.54 Hong Kong dollars and a trading volume of 171 million Hong Kong dollars. On the news front, according to reports, recently, Dongfang Electric Corporation successfully "went abroad" with its independently developed F-class heavy-duty gas turbine G50, winning the core equipment order for a 50-megawatt combined cycle power generation project in Jiangsu Province, Kazakhstan. This marks the first time that a Chinese heavy-duty gas turbine has been exported as a whole machine, officially entering the international mainstream energy equipment market. Industry analysts point out that as old gas turbines in Europe and America enter replacement cycles, countries in the Middle East and Central Asia accelerate their natural gas power generation layouts, and emerging markets have an urgent need for flexible peak-shifting power sources, the global market for medium-sized and heavy-duty gas turbines is entering a new period of growth. Tianfeng stated that the company's F-class 50-megawatt heavy-duty gas turbine (code-named G50) will officially start commercial operation in 2023, achieving its first export to Central Asia in 2025, providing three independently developed 50-megawatt heavy-duty gas turbines for the 50-megawatt combined cycle power generation project in Jiangsu Province, Kazakhstan. The company is currently developing a G200 gas turbine at the 200MW level; a G15 gas turbine at the 15MW level in the low power segment; and the first domestically produced high-power shaft-split G80 gas turbine in the medium power segment. The bank predicts that in the background of a possible supply-demand gap of 26-35 years for gas turbines overseas, the company's independently developed G50 and other power level gas turbine products are expected to effectively provide incremental supply, accelerating the process of gas turbine exportation.