Alstom signs strategic cooperation agreement with Energy China
Alstom has recently signed a strategic cooperation agreement (SCA) with China Energy Engineering Group Co., Ltd. (Energy China) to tap the growing international market in thermal and renewable energy segments.
The objective of this strategic cooperation is to form a complementary partnership combining Alstoms technology advantage on power generation and Energy Chinas capability and capacity on execution and delivering engineering, procurement and construction (EPC) projects. According to the agreement, the two parties will cooperate on the supply of power equipment to China and overseas market.
"This agreement is strategically important for both Alstom and Energy China as a win-win cooperation. Im very confident that with the experience and expertise of both companies, we will better meet the needs and challenges of the global power market, achieving stronger market position," said Philippe Cochet, President of Alstom Thermal Power.
Energy China is a business giant focused on power and energy planning consultation, investigation design, project contracting, equipment manufacturing, and investment operation etc. It has a long-term cooperation history with Alstom, proven by a number of successfully power projects, including Concepcion 1x135MW and Phividec 3x135MW coal-fired plant in Philippines and Vung Ang II 2x600MW coal-fired plant in Vietnam. Several other coal-fired and hydro projects in Asia, Africa and East Europe are being pursued together with Energy China.
"The current cooperation between Alstom and Energy China reaches a new stage that will allow us to further develop our presence on the Chinese market and execute new projects, both in China and outside China, thanks to complementary competencies, especially in EPC," said Jerome Pecresse, President of Alstom Renewable Power.
For over a century, Alstom has been committed to improving standards of living through the provision of reliable and affordable power based on high-tech clean energy infrastructures and solutions. Currently close to 25% of the global power generation capacity depends on Alstom technology. Known as a leading partner for EPC of new power plants, Alstom is also experts in retrofitting, modernizing and servicing existing plants. In China, Alstoms advanced technological expertise has also equipped numerous major power projects in the past decades, such as the Three Gorges Project, Xiangjiaba hydro power plant, Daya Bay, Ling Ao Phase I and II, Hongyanhe and Taishan nuclear power plants.
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.
Christopher English (Alstom Thermal Power) - Tel: +33 1 41 49 26 85 firstname.lastname@example.org
Phoenix Zhang (China) - Tel: +86 10 8460 9000 email@example.com