Since the beginning of the 14th Five-Year Plan period, Harbin Electric International (HEI) has deeply integrated into the Belt and Road Initiative and the broader agenda of high-quality development. While consolidating and growing its traditional power EPC business, the company has actively explored and developed emerging industries. Over the past five years, market development has delivered continuous success, key projects have flourished across multiple regions, profit levels have grown by over 70% for three consecutive years, and total installed capacity has exceeded 60 gigawatts across more than 40 countries and regions worldwide.

The Hassyan Power Plant project in Dubai, UAE—a major project under the Belt and Road Initiative—has been fully commissioned for commercial operation.

Since the beginning of the 14th Five-Year Plan period, HEI has cultivated deep roots in Pakistan's energy market, successfully signing and executing four long-term power plant O&M projects, including the 1180 MW Bhikki, 1263 MW Jhang, 660 MW Lucky, and 660 MW Thar power plants. The project portfolio encompasses diverse energy structures, including combined cycle units and coal-fired units. Among these, the Jhang Combined Cycle Power Plant has achieved an impressive unit availability factor of 99.82% since commencing operations. With its reliable O&M capabilities, lean technical management, and outstanding execution track record, HEI has become one of the most influential Chinese energy services companies in Pakistan.

Turning back to October 2023, all four 600 MW units of the Hassyan Power Plant project in Dubai, constructed by HEI, were successfully commissioned for commercial operation. The project integrates multiple "Chinese elements," including Chinese financing, Chinese EPC contracting, Chinese design, Chinese manufacturing, and Chinese construction. It is the world's first power plant capable of full-load power generation on dual fuels, meeting 20% of Dubai residents' electricity demand while significantly reducing local electricity costs.

Following the global acclaim of the Minas Hydropower Project in Ecuador—the first hydropower EPC project in the South American market—in October this year, the electromechanical installation work for the Tarbela 5th Extension Hydropower Project in Pakistan, constructed by HEI, entered the full-scale construction phase. With a total installed capacity of 1,530 MW, the project features three hydro-generating units, each with a unit capacity of 510 MW, representing the largest unit capacity for hydropower equipment ever exported from China.

Since 2023, the Syrdarya II project in Uzbekistan—the largest combined cycle project in Central Asia constructed by HEI—officially entered into force and execution; EPC contracts were successfully signed for the Rumah 2 and Nairyah 2 combined cycle projects in Saudi Arabia; the Al-Amarah Single-Cycle to Combined-Cycle Power Plant Expansion Project in Iraq, constructed by HEI, provided support for Iraq's summer electricity supply; the Manzanillo III Combined Cycle Project in Mexico achieved grid connection; and the Modern Karton PM6 Paperboard Mill Project in Turkey officially commenced paper production...

HEI has continuously strengthened execution oversight of international project delivery, with multiple overseas projects receiving recognition through various industry awards. The Dubai Hassyan project was honored with the Business Format Innovation Demonstration Case Award at the 2022 China International Fair for Trade in Services (CIFTIS), won the International Safety Award from the British Safety Council in both 2023 and 2024, and received the Silver Award of the IPMA Global Project Excellence Award (Large & Mega-sized Projects) in 2024. The Bhikki Combined Cycle O&M project in Pakistan won two Asian Power Awards. The Syrdarya Phase II project in Uzbekistan received the National Electric Power Safety Culture Project Award in 2025.

Successful signing of EPC contracts for the Rumah 2 and Nairyah 2 combined cycle projects in Saudi Arabia.

On one hand, HEI is building a new development framework featuring green and low-carbon operations with dual circulation—domestic and international markets. On the other hand, the company adheres to a development direction of high-end, intelligent, and green transformation, continuously advancing the strategic layout of emerging industries including wind, solar, energy storage, biomass, and integrated “three upgrades” initiatives.

In October this year, Unit 2 of the Tianjin Guoneng Panshan Innovation Upgrade and Life Extension Retrofit Project, constructed by HEI, entered the installation phase. Previously, the life extension retrofit of Panshan Unit 1, undertaken by HEI, successfully obtained certification for 30 years of extended operation, with all key performance test indicators exceeding design values. The unit's net coal consumption rate for power generation is no higher than 278 grams per kilowatt-hour (g/kWh), a reduction of 45 g/kWh compared to the pre-retrofit rate of 323 g/kWh. This is China's first operational coal-fired power project to achieve cross-generational upgrades in temperature and pressure parameters while extending its overall lifespan by 30 years, serving as a benchmark for innovation upgrades and life extension retrofits of aging units both domestically and internationally.

According to statistics, there are numerous units in Belt and Road Initiative partner countries such as Kazakhstan, Uzbekistan, Russia, and Belarus that face the same life extension and upgrade retrofit needs as the Panshan project. Leveraging the life extension and upgrade retrofit experience accumulated from the Panshan project, combined with overseas project execution expertise, HEI will cultivate deep roots in the Russian-design unit retrofit market, driving Chinese equipment, Chinese technology, and Chinese manufacturing to go global.

Since the beginning of the 14th Five-Year Plan period, HEI has achieved multi-faceted breakthroughs in the new energy sector. In the domestic market, it has secured contracts for the Harbin self-consumption with surplus grid-connected commercial and industrial rooftop photovoltaic project and the Hainan Wanning distributed residential rooftop PV power station project. In overseas markets, it has won the Tarakan paper mill biomass-coupled co-firing captive power plant project in Indonesia. Over the past five years, HEI has expanded its circle of partners abroad and opened new frontiers in the north, with emerging industries flourishing naturally and new quality productive forces taking shape organically.

Currently, HEI is at a historic turning point in its transition from old to new growth drivers, optimization of industrial layout, and structural adjustment. The company will adhere to a high-end, intelligent, and green development path. Building on the foundation of its traditional power business, it will prioritize advancing strategic emerging industries including wind power, photovoltaics, energy storage, and green environmental protection.