China United Heavy Duty Gas Turbine Technology Company

Shanghai Electric Power (600021.SH) announced it will invest 8 million yuan (CNY) to co-found Shanghai Guochuang Gas Turbine Technology Co., Ltd. with a registered capital of 100 million yuan, alongside subsidiaries of its parent company, to advance gas turbine power generation technology.

Ansaldo Energia signed a new memorandum of understanding with UGTC, SEP and SEC to explore technical collaboration on the Minhang Power Plant GT36-S5 unit, an investment by SEP.