GE will work with Wuhan Nari, a subsidiary of SGCC, to improve the efficiency and reliability of China’s electric grid by developing and implementing asset optimization technology solutions.
It will also work with Electric Power of Shanghai (EPS), controlled by SGCC, to jointly acquire a 77.5% controlling stake in Shanghai Tianling Switchgear Co, a Shanghai-based company developing and selling green power distribution equipment.
This acquisition by GE and Shanghai Grid is expected to reposition Tianling competitively in $10bn global medium-voltage switchgear industry.
The formation and operation of joint ventures are subject to certain conditions, including applicable governmental approvals.
