Feb. 14, 2007 (China Knowledge) – Harbin Power Equipment <1133>, the third-largest coal-fired power equipment maker, has raised HK$1.13 billion by issuing an H-share placement of 112.6 million shares.

ABN AMRO Rothschild is the arranger of the share placement.

Proceeds will be mainly used to fund the expansion of phase two of its nuclear equipment production base in Qinghuangdao, Hebei province.  Sources also told the South China Morning Post that part of the funds will also be used to buy machinery and technology to build pump storage units, acquire technology to make nuclear power equipment, and develop wind power products.