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December 22, 2003 No.0974

Major Components for China's First
1,000 MW Ultra-Supercritical Boilers
Tokyo, December 22, 2003 - Mitsubishi Heavy Industries, Ltd. (MHI) has received an order for four sets of major components for ultra-supercritical boilers, each having a power-generation capacity of 1,000 MW, from Harbin Boiler Co., Ltd. (Harbin Boiler) of China. The Company, located in Harbin city in Heilongjiang province, is one of China's three largest boiler manufacturers. The delivery of components will begin in March 2005.

MHI won the order for the ultra-supercritical boiler installations based on Harbin Boiler's high evaluation of its outstanding technological capabilities in this area. MHI will supply the core components, while Harbin Boiler will manufacture the remaining equipments, assemble and deliver the boilers to Huaneng Power International, Inc., the end user. The power station is to be Yuhuan in Zhejiang province. Yuhuan thermal power generation facility will be the first ultra-supercritical facility in that country.

Today China is addressing growing concern over environmental issues, especially increased CO2, by pursuing emission reductions through employment of more efficient and higher-capacity power stations. MHI, in light of its record to date, now expects expanding business opportunities in the fields of ultra-supercritical equipment going forward.


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About Mitsubishi Heavy Industries
Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one of the world's leading global heavy machinery manufacturers, with consolidated sales of 2,593 billion yen (US$21.6 billion) in fiscal 2002 (year ended March 31, 2003). MHI's diverse lineup of products and services encompasses shipbuilding, steel structures, power plants, chemical plants, steel plants, environmental equipment, industrial and general machinery, aircraft, space rocketry and air-conditioning systems.
For more information, please visit the MHI website (http://www.mhi.co.jp).


PRESS CONTACT:
Hideo Ikuno: h.ikuno@daiya-pr.co.jp
Tel: +813-6716-5277, Fax: +813-6716-5929
Daiya PR (in charge of public relations for Mitsubishi Heavy Industries)
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