GE announced a deal that will lead to at least 50 gas turbine generator sets being sold and installed in China, resulting in $500 million in revenue. Of that amount, approximately $350 million is estimated in U.S. exports.
“The Chinese government has decided to promote the country’s DECHP market development, and China Huadian Corp. plays an important role in advancing that initiative,” said Xianming LIU, general manager of CHEC New Energy Technology Development Co., an affiliated enterprise.
The Jan. 18 announcement of collaboration between China Huadian Corp. and GE is part of a larger-scale commitment GE has made to China. Most recently, on Jan. 5, 2011, GE signed a contract with Jiangsu Tianue Energy & Chemical Group Co. Ltd, which is building a high-efficiency gas turbine power plant to utilize industrial dismissed gas into power and steam. The power plant will be equipped with three GE aeroderivative gas turbines, which are the first LM2500+G4 units sold in China. GE’s aeroderivative gas turbines will use coke oven gas as fuel and turn it into electricity for the region.
On Nov. 9, 2010, GE announced plans to invest more than $2 billion into its efforts in China through 2012 to help tackle the country’s energy and infrastructure needs. GE Chairman and CEO Jeff Immelt announced that the company plans to commit $500 million to enhance China R&D capabilities and establish new Customer Innovation Centers to better serve west, north, central and south China.
As part of the $2 billion investment, GE and State Grid Corp. of China announced plans for several joint ventures to address China’s growing energy needs and to electrify its transportation infrastructure. These joint ventures will play a role in supporting the country’s energy demand through the development of a smarter grid that will help achieve environmental and economic goals.