China’s State Power Investment Corporation (SPIC) has entered into a Memorandum of Understanding (MoU) with Siemens to further confirm intention of technology collaboration in the field of heavy-duty gas turbines.
The MoU defines the scope and principles of cooperation between the two companies, of which under the agreement Siemens intends to support SPIC to conduct research and development for heavy-duty gas turbines and provide training and technical consultation for SPIC.
Joe Kaeser, President and CEO of Siemens AG, and Qian Zhimin, Chairman of SPIC, signed the MoU in Berlin in the presence of German Federal Chancellor Angela Merkel and Chinese Premier Li Keqiang during his official visit to Germany.
Heavy-duty gas turbine programme
“The technology cooperation with SPIC is another important milestone in the long-term relationship of Siemens with China," said Kaeser. Read more: China to accelerate smart city development
"While Siemens provides leading technology to China, SPIC will bring its vast experience in the Chinese market. Together as partners, we can achieve big things to the greater good of Chinese-German relations as well as providing efficient and sustainable energy to China and the world," he added.
For his part, Zhimin noted: "SPIC is actively developing and implementing the China heavy-duty gas turbine programme. The collaboration with Siemens and other multinational gas turbine companies will accelerate the progress of the programme.
"Both Siemens and SPIC have complementary strengths in the energy sector, and will have more space to cooperate in more business areas in the future."
China is one of the world's promising markets for large gas turbines and is expected to intensify its investment in large gas turbine technology.