Alstom signs coal power deal in China
PARIS, FRANCE - French engineering group Alstom announced a big strategic development on a global scale with Chinese partner SEC, in the field of coal-fired power generation.
Alstom and Shanghai Electric Group SEC are to create a joint venture for their global activities in supplying boilers for such power generating facilities, the company said.
Many experts see new, so-called “clean,” technologies for coal-fired power generation as a solution to energy provision, and China is particularly dependent on coal-fired power generation, having big resources of coal.
The two groups see the new venture becoming the world leader in its field since sales by the two groups in this sector totaled about 2.5 billion euros US$3.64 billion last year, Alstom said.
Related News
The CIB and private sector partners to invest $1.7 billion in Lake Erie Connector
TORONTO - The Canada Infrastructure Bank (CIB) and ITC Investment Holdings (ITC) have signed an agreement in principle to invest $1.7 billion in the Lake Erie Connector project.
Under the terms of the agreement, the CIB will invest up to $655 million or up to 40% of the project cost. ITC, a subsidiary of Fortis Inc., and private sector lenders will invest up to $1.05 billion, the balance of the project's capital cost.
The CIB and ITC Investment Holdings signed an agreement in principle to invest $1.7B in the Lake Erie Connector project.
The Lake Erie Connector is a proposed 117 kilometre underwater…
