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.