wiredInUSA - January 2012
Siemens and Shanghai Electric will
establish two new joint ventures for the
Chinese wind energy market. Siemens
will hold a 49% stake and Shanghai
Electric will hold the remaining 51%
in each case.
The joint ventures will focus on R&D
and production of wind turbine
equipment for the Chinese and global
market, and in wind turbine equipment
sales, marketing, project management
and execution as well as service in China.
Shanghai Electric chairman and CEO Xu
Jianguo said the establishment of stra-
tegic cooperation with Siemens will im-
prove the manufacturing capability
for the wind industry in China.
“The wind market in China is entering into
an integration phase, so the cooperation
with Siemens for these two joint ventures
will provide Shanghai Electric with new
opportunities for development,” he said.
Joint ventures for
the Chinese market
It has been reported in Indonesia that
Japanese companies Marubeni Corp
and Toshiba Corp have won an order
to build a 55MW geothermal power plant
for Indonesian PT Geo Dipa Energi.
The plant is expected to begin
operations in 2014. It is to be built
at Bandung, in the southeast
of the country’s capital Jakarta.
Including this deal Toshiba has won
three geothermal orders this year,
in New Zealand, Kenya and now
in Indonesia. The order is worth
around $77 million.
Japanese companies to
build geothermal plant
in Indonesia
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ASIA / AFRICA NEWS
