GE and China Huadian Corporation yesterday announced a joint venture to develop distributed energy combined heat and power (DECHP) projects that will provide electricity for consumers in China located close to the plants.

The announcement will help ensure continued US energy leadership by expanding markets for American technology and services.

The joint venture company will be called Huadian GE Aero Gas Turbine Equipment Company Limited, with China Huadian owning the majority share. It will create opportunities for growth and further investment in GE aeroderivative gas turbines and services, accelerating growth in China while expanding capacity and capabilities.

“The joint venture agreement is another example of GE’s continued commitment to global relationships to meet the energy needs of today and tomorrow,” said Darryl Wilson, president and CEO—aeroderivative gas turbines for GE Power & Water.

“The goal of this joint venture is to support the people of China by helping the country meet its need for more than 1000 distributed energy combined heat and power plants in the next 10 years, while also supporting the US energy technology industry.

“The joint venture is part of GE’s larger US-China strategic relationship that will be a powerful spur to economic growth in both countries, enhance market confidence and encourage the rest of the world to follow in next generation of energy deployment.”

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