On the afternoon of March 28, 2024, the signing ceremony of the strategic cooperation agreement between Zhongyi Wood Engineering Co., LTD. (hereinafter referred to as "Wood") and Hangzhou Guoneng Steam Turbine Engineering Co., LTD. (hereinafter referred to as "HGT") was held in HGT factory. Wood Sup

In December 2023, HGT successfully completed the final acceptance of the condenser of the Guyana FPSO project and recently shipped it to the client's factory for skid mount package.The project which front end engineering and design (#FEED) was performed by #MODEC will serve ExxonMobil's oilfield development project in Guyana , it is designed to operate in 2,000 meters of water, and has storage capacity of 2 million barrels of oil, which is scheduled to start the first commercial operation by the end of 2026.

Mr. Andreas Guder, Head of Procurement Oberhausen of MAN, Mr. Tim Carlsson, Head of Commodity Mechanical of MAN, and Ms. Luo Yuhua, Head of Procurement China of MAN, recently visited HGT. This visit was to learn about development of HGT since 2020 and explore the diversity of collaboration between the two parties. At the same time, Mr. Carlsson also expressed hope to re-establish business contacts on a personal basis as the new role of the Head of Commodity Mechanical.

HGT receives order from Calik Enerji for Talimarjan Phase II project in Uzbekistan, supporting water cooled condenser for Mitsubishi. Uzbekistan's Talimarjan Phase II project is to expand a 900MW CCGT power plant on the site of the Phase I gas power station. It is jointly invested by the Asian Development Bank (ADB) and the Uzbekistan Reconstruction and Development Fund, expected to be put into operation in 2025.

Since reaching collaboration with Doosan Skoda Power on the water cooled condenser for the Guam Combined Cycle Power Plant in 2019, the two parties have kept close communication.Recently, HGT has once again reached collaboration on the Kazakhstan-Kyzylorda 240MW combined heat and power project, and will supply customized auxiliary equipment for Skoda turbines for the first time, including condenser, heater, and lube oil console.