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Siemens starts power road show in Guangzhou
(Xinhua)
Updated: 2005-06-03 15:32 The Siemens China Power
Transmission and Distribution (PTD) Group kicked off a road show in Guangzhou on
Wednesday as part of its efforts to capitalize on China’s rapidly increasing
demand for power.
The 3-month-long tour will visit 14 cities and end in Beijing on Aug. 26.
Siemens aims to showcase its latest power transmission and distribution
technologies to its customers and business partners in China’s power industry.
China had seen great power shortages in recent years, and the company would
“help to develop China’s electrical power industry,” said Andreas Matthé,
general manager of Siemens PTD Group.
According to statistics, in 2004 the national demand for electricity was 415
million kWh, while the power supply was only 385 million kWh. The supply is
estimated to increase to 480 million kWh in 2005, but still will not keep pace
with soaring demand.
Siemens and its major competitors in China, General Electric Co. and
Mitsubishi Heavy Industries, have their eyes on China’s power market with the
intent to take the lion’s share.
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