GE And CPECC Sign Agreements With USTDA
GE and China Power Engineering Consulting Group Corp. (CPECC) signed agreements with the U.S. Trade and Development Agency (USTDA) to advance commercial scale integrated gasification combined cycle plants (IGCC) in China. Under the terms of the agreements, USTDA will fund a feasibility study that would support the advancement of commercial scale IGCC facilities in China based on GE-designed IGCC technology. In this initial study phase, GE and CPECC will evaluate the cost and performance of an IGCC design.
“Coal is an abundant and low-cost resource in China and the U.S. Gasification technology allows us to use it in a much cleaner way,” said Steve Bolze, president and CEO for GE Power & Water. “To achieve significant reductions in carbon dioxide and other emissions, cleaner coal power generation technologies such as IGCC must be part of the solution; GE is pleased to be working with CPECC and USTDA in this important endeavor.”
This step follows the memorandum of understanding signed between CPECC and USTDA in November 2009 as part of the U.S.-China Clean Energy Announcements made by President Obama and President Hu.
For more information: www.ge.com