# Siemens to convert gas turbine MoU with SPIC into binding contract

Siemens CEO Joe Kaeser said work is underway to convert a memorandum of understanding with China's State Power Investment Corporation (SPIC) into a binding contract for heavy-duty gas turbine technology cooperation. The contract could be completed in the next few months.

- Type: Contract
- Announced: 2019-01-30
- Where: China
- Status: announced
- Products: heavy-duty gas turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens](https://endata.com/companies/301.md)
- [State Power Investment Corporation](https://endata.com/companies/19655.md) (partner)

## Sources

- [energy.economictimes.indiatimes.com](https://energy.economictimes.indiatimes.com/news/oil-and-gas/siemens-wants-to-extend-gas-turbine-tie-up-with-chinas-spic/67768224), 2019-01-31: "We would do well to participate in the potential of the Chinese market."

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