Harbin Electric and GE China form gas turbine joint venture

Harbin Electric Company Limited and General Electric (China) Co. Ltd. entered into a joint venture agreement to establish General Harbin Electric (Qinhuangdao) Gas Turbine Co. Ltd. in Qinhuangdao, Hebei, China. Each will contribute RMB 333.5 million for a 50% stake.

“The primary reason for the formation of the JV Company by the Company and GE China is to extend greater economic collaboration and to seek the in-depth strategic cooperation in the field of power generation utilizing combined-cycle gas-turbine technology.”marketscreener.com

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• marketscreener.comHarbin Electric Company Limited Enters into the Joint Venture Enterprise Agreement with General Electric Co., LtdMarketScreenerMar 14, 2017

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