November 25 -- Zhejiang Fuchunjiang Hyoropower Equipment (002266.SZ) and China Institute of Water Resources and Hydropower Research jointly won a contract to supply electromechanical equipment for Vietnam's Xekaman1 power station, reports yicai.com, citing a company filing.

The contract is worth $38.51 million and 9.9 billion Vietnamese dong, equivalent to 26.79 percent of Fuchunjiang Hyoropower Equipment 2010 operating revenue.

The equipment is scheduled to be delivered within a 27-month period after the contract becomes effective.

The company said it is the first time that it received an overseas order for medium and large-scale electromechanical equipment.

Shares of Zhejiang Fuchunjiang Hyoropower Equipment dropped 1.96 percent to trade at 20.00 yuan per share at 14:14 today.