A stronger partnership between Ansaldo Energia and Shanghai Electric

Three important commercial and technological agreements signed between Ansaldo Energia and Shanghai Electric

A stronger partnership between Ansaldo Energia and Shanghai Electric

On June 16, at the Ansaldo Foundation in Genoa, three important cooperation agreements were signed on one side by Ansaldo Energia and Shanghai Electric Group (which holds a 40% stake in Ansaldo Energia), and on the other by Chinese electric companies Shenergy Electric Group and Shanghai Electric Power.

The signing ceremony was attended by the Italian Defense Minister, Roberta Pinotti, the Under Secretary at the Ministry of Economic Development, Hon. Ivan Scalfarotto and Shanghai Communist Party Secretary Han Zheng (the highest political office in Shanghai). Also attending were Ansaldo Energia shareholders Cassa Depositi e Prestiti Group, represented by Chairman Claudio Costamagna, CDP Equity, represented by Managing Director Guido Rivolta, and Shanghai Electric Group, Ansaldo Energia's industrial partner since 2014, represented by Chairman Huang Dinan.

Host company Ansaldo Energia was represented by Giuseppe Zampini and Filippo Abba', respectively Chairman and CEO.

The first two industrial cooperation agreements cover the construction of two power generation plants in the Shanghai area using the most advanced technology in Ansaldo Energia's portfolio, the GT36 maxi gas turbines built in Italy and delivered from the new Cornigliano production facility. The agreements, signed by Shenergy General Manager Wu Jianxiong, Shanghai Electric Power Chairman Wang Yundan, Huang and Zampini, allow Ansaldo Energia on one hand to start penetrating the Chinese market with this advanced technology featuring high production efficiency associated with the lowest environmental impact, and on the other to consolidate the strategic partnership with Shanghai Electric Group, which has resulted in the two companies winning a market share of 30% of the Chinese power generation market.

The third "One Belt & One Road" strategic cooperation agreement has the aim of developing a project in Pakistan, in which Shanghai Electric Power is acting as investor, and Shanghai Electric together with Ansaldo Energia as  the supplier of the machinery and main components for the plant.