China's State Power Investment Corporation (SPIC) and Germany's Siemens AG have entered into a Memorandum of Understanding (MoU) here to further confirm intention of technology collaboration in the field of heavy-duty gas turbines.
The document, signed on Monday, defines scope and principles of cooperation between the two companies. Under the MoU, Siemens intends to support SPIC to conduct research and development for heavy-duty gas turbines and provide training and technical consultation for SPIC.
"The technology cooperation with SPIC is another important milestone in the long-term relationship of Siemens with China," said Joe Kaeser, president and CEO of Siemens AG. "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.
SPIC's Chairman Qian Zhimin said 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 most important markets for large gas turbines and is expected to intensify its investment in large gas turbine technology.
