Ansaldo signs Shanghai Electric pact for Asia launch of H-class turbine

Italy’s Ansaldo Energia is to launch its H-class gas turbine into the Asia market after signing a deal with Shanghai Electric Corp.

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. à‚ 

Related articles: Shanghai Electric buys 40% of Ansaldo for $551m

Ansaldo-GE deal for Alstom gas turbine business completed

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