State Power Investment Corporation Limited (SPIC) and Siemens entered into a Memorandum of Understanding (MoU) on July 9 in Berlin to further confirm intention of technology collaboration in the field of heavy-duty gas turbines.

　　Qian Zhimin, Chairman of SPIC, and Joe Kaeser, President and CEO of Siemens AG, signed the MoU in Berlin in the presence of visiting Chinese Premier Li Keqiang and German Federal Chancellor Angela Merkel.

　　The MoU defines scope and principles of cooperation between the two companies. Under the MoU, Siemens intends to support SPIC to conduct research and development for heavy-duty gas turbines and provide training and technical consultation for SPIC. This cooperation leverages Siemens technology leadership in support of China’s goal to independently develop and build an own heavy-duty gas turbine. The signing will expedite finalization of a technology cooperation agreement in the near future.

　　In meeting with Joe Kaeser before the signing, Qian Zhimin said, “SPIC is actively developing and implementing the China Heavy Duty Gas Turbine program. The collaboration with Siemens and other multinational gas turbine companies will accelerate the progress of the program. Both Siemens and SPIC have complementary strengths in the energy sector, and will have more space to cooperate in more business areas in the future.”

　　"The technology cooperation with SPIC is another important milestone in the long-term relationship of Siemens with China,” said Joe Kaeser. “While Siemens provides leading technology to China, SPIC will bring its vast experience in the Chinese market. Together as partners, we can achieve big things to the greater good of Chinese-German relations as well as providing efficient and sustainable energy to China and the world.”

　　China is one of the world’s most important markets for large gas turbines and is expected to intensify its investment in large gas turbine technology.