Alstom and Shanghai Electric coal-power deal (AFP)

PARIS (AFP) - French Alstom engineering group announced a major strategic development around the world with Chinese partner dry in the field of coal-fired electricity production Thursday.

Alstom and Shanghai Electric group (S) are to create a joint venture for their global activities by providing boilers for the production of electricity installations, the company said.

Many experts see again, called "clean", technologies for the production of electricity to coal as a solution to the provision of energy, and China is particularly dependent on coal-fired electricity generation, having large resources of coal.

The two groups to see the new company to become the world leader in its field, given that sales by the two groups in this sector totalled approximately 2.5 billion euros ($3.64 billion) last year, Alstom said.

The company, while also belonged to each side, will be called Shanghai Alstom Power Boiler Co and will be registered in Shanghai.

Alstom said that the demand for coal has been particularly strong in emerging markets.

Chief Executive Officer of Alstom Patrick Kron said that the creation of the company marked "the first global project, on a global scale.", tied up by Alstom with a Chinese partner of

It would be "a factor in the development of our positions in China, the largest market in the world and in the strengthening of our global presence in coal-fired power plants and key in hand," he said.

This agreement made by the signing in September of an agreement between Alstom and Chinese partners CNR project and dry to create a strategic partnership, mainly in the field of transport. Alstom builds high-speed TGV trains.

The two groups are to develop two joint operations existing, established in 1999 between Alstom and dry, Shanghai Alstom Transport Co. (SATCO) and Shanghai Alstom Transport electric equipment (SATEE).

Alstom, which has signed a strategic agreement with the Chinese Government in the field of rail transport and won large contracts for the Shanghai Metro, is already working with SEC on rolling.

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