Chinese power firm wants in on Snowy 2.0

Giant Chinese power manufacturer Dongfang Electric Corporation is looking at the Snowy 2.0 project as a way of getting into the Australian energy market.

File photo of electricity power lines.

Source: AAP

pinpointing the massive Snowy 2.0 project as a likely prospect.

Dongfang Electric Corporation, a state-owned publicly-traded Chinese corporation, is already doing business in about 70 countries around the world.

It is both a manufacturer of energy equipment, including for hydro and pumped storage operations, and a construction contractor either on its own or in partnership with non-Chinese entities.

DEC is aware the Australian government is looking at expanding by half the pumped hydro-electric storage in the Snowy Mountains scheme.

The project, a personal favourite of Prime Minister Malcolm Turnbull, is the subject of a feasibility study.

The estimated cost of expanding the iconic power generator's capacity and storage ranges from $2 billion to near $6 billion.

DEC has been involved in some of the world's biggest power generation projects including the Three Gorges Dam hydro-electric gravity dam on the Yangtze River.

It has also provided hydro technology to generation projects in Brazil, Ethiopia and Pakistan.

Apart from hydro, DEC is a manufacturer of thermal, nuclear, gas, wind and solar energy equipment.

Snowy 2.0, if it eventuates, is a project of interest for DEC.

"We'd like to get into the Australian market," executive Wu Zhang Wei told a group of Australian journalists who toured the companies Chengdu headquarters in southern China.


Share
2 min read

Published

Updated

Source: AAP

Share this with family and friends


News

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS Audio
SBS On Demand

Listen to our podcasts
Independent news and stories connecting you to life in Australia and Mandarin-speaking Australians.
Understand the quirky parts of Aussie life.
Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS
Simplified Chinese Collection

Simplified Chinese Collection

Watch onDemand