It is essential to establish precise dynamic model for OTB (once-through boiler) power plant unit in order to meet large scale load demand from the power grid. This study proposes to establish such a dynamic mathematical model of ultra-supercritical OTB unit under dry operating condition. More precisely, the dynamic model structure was derived from mass and energy conservation laws as well as thermodynamic principle under some reasonable simplifications and assumptions. Then an IGA (immune genetic algorithm) was improved to identify the parameters, combined with field data. After this, to further enhance model performance, the dynamic mathematical model was extended to be the one with different set of parameters and functions under different monotonous load ranges. Additionally, open-and closed-loop experiments were conducted in order to further validate the developed model. The experimental results shows that the model outputs can approach the actual running data over a wide operating range with appropriate accuracy. More importantly, the dynamic model captures the essential dynamic characteristics of the unit. Thus, the model can be feasible and applicable for simulation analysis and testing control algorithms.