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China, US Eye Further Energy Co-op, Sign Major Deals

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Win-win Ties

Economists said that the clean energy sector could be a "bright spot" for China and the United States, while there was huge room for the two nations to create more benefits.

"We have been cooperating for several years on a variety of projects. Duke is very committed to sharing technology with Chinese companies. We are great partners with China's ENN Group, and we have found win-win ways to work together," James Rogers, Duke Energy chairman and CEO, told Xinhua in an exclusive interview.

Duke Energy's big market and ENN's innovation capabilities are a mutually beneficial combination, Rogers said.

The two companies inked an agreement on Tuesday entitled "Future Energy Technology Demonstration Platform" in an effort to promote joint development of technologies to help build green cities in China and the United States.

Chinese and US business executives joined government officials such as Zhang Guobao, former head of China's National Energy Administration, and US Energy Secretary Steven Chu in a signing ceremony on Tuesday with a host of important business cooperation agreements sealed among energy and power giants, including ENN Group, China Huaneng, China Shenhua Energy Company, Duke Energy, American Electric Power (AEP) and General Electric (GE).

Constructive cooperation between Chinese and US companies would tremendously boost bilateral economic partnership and create more common interests, China's ENN Group chairman Wang Yusuo said.

(Xinhua News Agency January 19, 2011)


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