Ansaldo is 40 per cent owned by Shanghai Electric and the memorandum of understanding was signed in Beijing today by the two firms plus Ansaldo’s main shareholder, Cassa depositi e prestiti Group.
The agreement strengthens a long-term strategic partnership between Shanghai Electric and Ansaldo Energia. It sets out an investment sharing plan for the introduction into the market of the new generation of H-class turbine.
The deal, which follows initial agreements signed in 2014, will also give Ansaldo full access to the rapidly-growing Asian power markets.
The deal is a further boost to Ansaldo’s gas turbine business, which grew when the company acquired former Alstom heavy duty gas turbine assets from GE.
The MoU was signed by Cassa depositi e prestiti Group chief executive Fabio Gallia, Ansaldo Energia chairman Giuseppe Zampini and his Shanghai Electric counterpart Zheng Jianhua.