Alstom signs strategic cooperation agreement with China Datang Corporation
Alstom and China Datang Corporation (CDT) finalized a strategic cooperation agreement during Chinese President Xi Jinping's visit to France, at an economic forum on Franco-Chinese relations in Paris, to form a long-term partnership supporting CDTs future power infrastructure projects in China and around the world. Jerome Pecresse, President of Alstom Renewable Power, and Chen Jinhang, Chairman of China Datang Corporation signed the agreement.
Both parties agreed to establish a strategic cooperation relationship in the supply of power equipment and technical solutions in the thermal and renewable energy sectors. The scope of the agreement includes CDTs future project investments as well as the retrofit and upgrading of CDTs operating power equipment and optimization of its existing power plants.
"The agreement with CDT underlines the strong links between Alstom and our Chinese customers. It takes our ten-year cooperation to a new height. The expanded partnership, which leverages Alstoms technological expertise and broad portfolio, will enhance CDTs competitiveness in the global energy market by enabling them to build and upgrade power generating infrastructures that meet the increasing demand for clean and reliable electricity," said Pecresse.
CDT is one of Chinas top five power generation groups, with total installed capacity at approximately 119.48GW. It has built a solid presence in China as well as the Asian markets such as Myanmar, Cambodia and Laos. The company has also exhibited great development potential in thermal, hydro, wind and solar power generation markets worldwide. As a global leader in power generation, Alstoms proven technology and competitive offerings will ensure the efficient, reliable and eco-friendly operation of CDTs power generation facilities.
Alstoms cooperation with CDT dates back to 2004, when Alstom supplied five 350 MW Francis turbine generator units to CDTs PengShui hydropower project. In 2010, Alstom signed a contract for the supply of another three 600 MW Francis turbine generator units to Guanyinyan hydropower station. In 2011, Alstom and CDT signed a Memorandum of Understanding to jointly develop carbon capture and storage (CCS) demonstration projects in China.
Alstom is a global leader in the world of power generation, power transmission and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. Alstom builds the fastest train and the highest capacity automated metro in the world, provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, nuclear, gas, coal and wind, and it offers a wide range of solutions for power transmission, with a focus on smart grids. The Group employs 93,000 people in around 100 countries. It had sales of over 20 billion and booked close to 24 billion in orders in 2012/13.
About China Datang Corporation
China Datang Corporation (CDT) is a mammoth power generation enterprise established on Dec. 29, 2002 as an outcome of the reform of electric power system. It is a solely state-owned corporation directly managed by the central government and a state-authorized investment and pilot state share-holding enterprise ratified by the State Council. The main business scope covers: production and supply of power and heat; development of coal resources; and relevant technological services. The registered capital is 15.39 billion yuan. CDT ranked the 376th on the Fortune 500 list in 2013.
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