Alstom and Beijing Beizhong Steam Turbine Generator Company, a subsidiary of Beijing JingCheng Machinery Electric Holding Company (JCH), have signed an agreement to develop a long-term business relationship concerning the manufacture of 600 MW class steam turbines and generators.
The planned joint venture (JV), of which Alstom will hold 60% and JCH/BSTG 40%, will focus on the manufacturing of subcritical and supercritical steam turbine generator technology. The full JV will cover sales, project management, procurement, manufacturing, commissioning and service.
According to a statement, Alstom enjoys a strong market leadership position in steam turbine technology, whilst BSTG is a well-established Chinese steam turbine and generator manufacturer, operating in the 300 MW class under an Alstom license.
Both companies are said to have a clear strategy in becoming major long-term suppliers in the Chinese high-tech steam turbine and generator technology markets.
“The signing of this Framework Agreement marks a key milestone in the establishment of strategic partnership with Chinese companies,” commented Patrick Kron, Alstom’s Chief Executive Officer. “The partnership allows us to provide more competent power generation solutions for the booming power market of China.”