# 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.

- Type: Acquisition
- Announced: 2017-03-14
- Where: Qinhuangdao, Hebei, China
- Value: $97.0M (667.0M CNY)
- Status: announced
- Products: gas turbines, related components and spare parts
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Harbin Electric](https://endata.com/companies/3291.md) (partner)
- [General Electric (China) Co. Ltd.](https://endata.com/companies/22813.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/HARBIN-ELECTRIC-COMPANY-L-6170838/news/Harbin-Electric-Company-Limited-Enters-into-the-Joint-Venture-Enterprise-Agreement-with-General-Elec-35166287/), 2017-03-14: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.