Alstom signs coal power deal in China
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.
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