Sinohydro Contracts for Water Works Reach $16.5 Billion

Sinohydro Group Ltd., the biggest builder of hydroelectric dams, said the Beijing-based company signed 101.4 billion yuan ($16.5 billion) of new contracts including power-production works in the first half.

The value accounts for almost 51 percent of planned orders for the year, Sinohydro said today in a statement to the Shanghai Stock Exchange. Water conservation works in China and power projects were 14.3 billion yuan of the total, it said.

To contact the reporter on this story: Feifei Shen in Beijing at fshen11@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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