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SP Group, Chinese utility to develop sustainable energy solutions in Shanghai
SINGAPORE national utility SP Group and a subsidiary of China's State Grid will study the feasibility of jointly developing and investing in integrated energy projects.
These projects will bring sustainable energy solutions to customers in Shanghai, said SP in a press statement.
It has signed a memorandum of understanding with State Grid Shanghai Integrated Energy Services, which has completed projects such as the Shanghai World Expo Park, an electrical equipment factory in the Minhang district, a hospital in the Jinshan district and the Shanghai Electrical Power University campus.
Ruan Qiantu, State Grid Shanghai Co's director and general manager, said both parties can tap on each other's resources as well as strengths in branding, technology and services in their respective markets, to set a new benchmark for high-quality integrated energy projects in China.
SP's group chief executive officer Stanley Huang noted that the partnership with the Chinese firm "underscores our commitment to deliver sustainable energy solutions to consumers in China".
SP has three offices in China, with the headquarters in Shanghai and other offices in Chongqing and Guangzhou.