Alstom excited about Chinese hydro initiative

Alstom is into the second phase of its construction of the Hydrotechnology Centre in Tianjin, China and the French utility believes the company is in position to exploit outstanding potential.

“We see huge potential to be exploited” in China’s hydropower market, particularly in the south, Jerome Pecresse, renewable power president for Alstom, said in an interview, reports Bloomberg.

Three Gorges Dam

Construction of what will be the company’s biggest hydro equipment factory is expected to be completed by the middle of next year.

China’s goal of deriving 11.4 percent of its energy from non-fossil fuels by 2015 has spurred companies to increase investment.

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