China, Japan: PowerChina and Toshiba to Cooperate on Developing Geothermal Power Systems

PowerChina and Toshiba Strengthen Strategic Cooperation in Hydro, Geothermal and Thermal Power Systems (News Release)

(Courtesy Toshiba)

Power Construction Corporation of China, Ltd. and Toshiba Corporation today signed a strategic cooperation agreement covering areas such as hydro, geothermal and thermal power systems at the China-Japan Third-Party Market Cooperation Forum.

PowerChina and Toshiba Group have been cooperating in power generation businesses, especially in hydropower generation, through such means as exchanging information and cultivating and developing new projects. The Agreement will extend the scope of the cooperation to Toshiba Group’s other systems and equipment, and to cooperation in investments and arrangement of finances for projects to further expand businesses opportunities.

In the geothermal power area, Toshiba has delivered 57 units of stream turbines in markets including North America, Southeast Asia and Africa, with a total installed capacity of approximately 3,687 MW to date. As the source of 23% of the world's installed geothermal capacity that are fully operational and grid connected, Toshiba is a leading global supplier in this area.

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