Shanghai Daily news

Shanghai Electric Corp, the country's largest power equipment and machinery manufacturer, clinched a deal yesterday to jointly produce two 1,000-megawatt thermal power generators with its overseas partners for a local power plant.
The 1,000MW power generators are among the most advanced ever made by Chinese power equipment providers.
Shanghai Electric Power Generation Group, the power equipment subsidiary of  SEC, signed the deal with Waigaoqiao Power Plant to supply the two huge generators for the third phase of the plant, which is due to start operating in the first half of 2008.
"The deal is a cornerstone in boosting Shanghai's manufacturing industry to be a pillar in the local economy," said Hu Yanzhao, vice mayor of Shanghai, who attended the signing ceremony.
"Power demand by local factories and residents grew by double digits over the past years. The new generators will help raise supply and ease the electricity shortage in the city."
The company will jointly produce the generators with Germany's Siemens AG, and Alstom from France, both leading power equipment suppliers in the world.
Shanghai Electric Power Generation is the world's largest supplier of thermal power equipment in terms of both sales and number of orders since 2002, it claimed in a statement.
The company generated sales of around 10 billion yuan (US$1.2 billion) last year and claims a 36 percent share of the thermal power equipment market in China.