Alstom continues hydro power projects in China

French power generation company Alstom will invest up to US$123 million in hydro power projects in China.

Alstom Renewable Power, the division in charge of renewable power generation equipment and services, plans to establish a Global Technology Center in Tianjin. This project is part of a US$123 million investment to upgrade Tianjin's hydro potential.

Alstom has turned its sights on hydro power since other renewable energy sectors such as wind and solar energy are slowing down to a glut of energy producing machines. It believes that demand for pumped-storage plants is increasing.

The company is already one of China's leading hydro producers. The company has contracts for hydro turbines and generators covering 47 gigawatts, of which half is already in commercial operation.

According to the China Electricity Council, China’s hydro power investment reached US$7 billion in the first five months of the year, up nearly 50% year-on-year.

Hydro power constitutes 22% of China’s installed power base. The country's hydro market is booming, with installed capacity for hydropower increasing by 15 GW every year,. It is expected to reach 380 GW by 2020 from some 200 GW this year.

China plans to get 11% of its energy from renewable sources by 2015, of which hydro power will contribute two-thirds.

Also Read

APAC’s wind energy potential hampered by supply chain bottlenecks

ADB OKs $200m loan to upgrade Sri Lanka’s power infrastructure

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit