China National Machinery Industry Corporation (Sinomach) reached a strategic agreement with China General Nuclear Power Corporation (CGN) to work on further joint projects at a signing ceremony in Beijing on Nov 24.

Sinomach’s Chairman Ren Hongbin (back, fifth from right) and CGN’s Chairman He Yu (back, fourth from right) attend the signing ceremony held in Beijing on Nov 24. Zeng Xiangdong (right), Sinomach’s vice president, and Shi Bing (left), senior vice president and chief accountant of CGN, represented the two corporations during the signing. [Photo/sinomach.com.cn]

According to the document, the two sides will work together in R&D, clean energy, capital management and sectors for global expansion.

Sinomach’s chairman, Ren Hongbin, promised to provide the best products and services for CGN and said that he expected further cooperation on overseas projects and capital management.

He Yu, chairman of CGN, also emphasized the importance of increasing collaboration between state-owned firms.

China General Nuclear Power Corporation (CGN), founded in 1994, is a large company with businesses focused on the development of clean energies such as nuclear power, nuclear fuel, wind power, and solar power.

Green Rigg Northumberland Wind Farm (UK) is one of CGN’s three wind farms that are part of the Clover Project to exploit wind power. [Photo/en.cgnpc.com.cn]

Jilin Dagangzi Wind Farm (China), CGN’s project to exploit wind energy in northwestern China. [Photo/en.cgnpc.com.cn]

Honghua Hydropower Station (China). [Photo/en.cgnpc.com.cn]

Gansu Dunhuang 10 MWp Grid-connected PV Plant (China), China’s first PV concession bidding demo project to exploit solar energy. [Photo/en.cgnpc.com.cn]

A biogas project made from livestock waste in Xinjiang’s Hutubi Cattle Farm (China), the only large-scale project put into service during 2015, which also set China’s fastest construction record. [Photo/en.cgnpc.com.cn]

As of the end of July 2016，CGN’s total assets amounted to around 470 billion yuan ($70.7 billion).

CGN is the largest nuclear power operator in China and is the largest nuclear power facilities construction firm in the world.