On June 6, at the Russian-Chinese Energy Business Forum, held in the framework of the St. Petersburg International Economic Forum – 2019, power engineering companies Power Machines and Harbin Electric signed a strategic cooperation agreement in the field of power engineering.
The agreement is aimed to establish strategic partnership, development of long-term and effective cooperation of the parties in the field of production and supply of energy equipment for the international market. The document was signed by Timur Lipatov, CEO of Power Machines, and Guo Yu, Chairman of the Board of Harbin Electric International.
In accordance with the agreement, the companies intend to cooperate and explore opportunities for joint participation in international energy projects, the development of steam turbine technologies, including ultra-supercritical steam parameters, boiler equipment and other technologies.
The joint efforts of two largest companies will provide for the growing needs of the global energy market in high-quality and energy-efficient equipment.