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Alstom boosts hydro power investment in China

Updated: 2012-08-02 07:59
By Liu Yiyu in Tianjin ( China Daily)

Alstom, the world's third-largest power equipment maker, is boosting its investment in hydro power in China, as other renewable energy sectors such as wind and solar energy face a slowdown.

Alstom Renewable Power, Alstom's division in charge of renewable power generation equipment and services, plans to establish a Global Technology Center in Tianjin, as part of a 100 million euro ($123 million) investment to upgrade Tianjin's hydro industrial facility - the largest such plant that Alstom has in operation.

"Compared with other renewables, hydro power is very stable," said Jerome Pecresse, president of Alstom Renewable Power.

Alstom boosts hydro power investment in China