|FOR IMMEDIATE RELEASE
April 16, 2010
Michael Chapnick | (703) 875-4357
USTDA ADVANCING CLEAN ENERGY DEVELOPMENT AND AVIATION SALES IN CHINA
BEIJING, CHINA – With competition heating up in China for the lucrative energy and aviation markets, the U.S. Trade and Development Agency (USTDA) is working to position U.S. businesses to take advantage of this market opportunity by funding training and feasibility studies valued at almost $1.5 million.
In keeping with the promise set by President Obama to double exports in five years, USTDA will help to open China's market to U.S. businesses in the energy and aviation sectors, industries where the United States is particularly competitive and maintains strong market share.
With a goal of reducing emissions from the country's coal-fired power plants, USTDA conferred a grant for a $832,877 feasibility study that will help the China Power Engineering Consulting Group Corporation design an 800 MW integrated gasification combined cycle (IGCC) power station. With support from the China Power Engineering Consulting Group Corporation, the configuration and design parameters for a $2 billion power plant, the first large-scale IGCC power plant in China, will be put in place in cooperation with GE Energy (USA) LLC, which has been contracted to perform the assessment.
"To mitigate the effects of coal-fired power plant emissions, which account for close to 70 percent of all power generated in China, USTDA will support a new U.S. clean coal technology project in China that will also offer a practical solution for meeting global climate change goals," said USTDA Director Leocadia I. Zak after she signed the grant. "Clean coal in China is important to reducing the environmental impact of coal-fired power generation globally."
The aviation sector also continues to expand rapidly in China. To support this growth, USTDA expanded its commitment to the successful U.S.-China Aviation Cooperation Program by awarding a grant of $664,065 to the Civil Aviation Administration of China that will help China expand capacity and increase safety. The program will include executive management courses and air traffic management operations training for China’s aviation officials.
"USTDA's support for the U.S. aviation sector is critical as the Chinese aviation market continues its rapid expansion, with plans for 97 new airports by 2020 and at least a thousand new aircraft by the end of 2010," said Director Zak when she signed the grant agreement with the CAAC. "This strategic, public-private partnership that USTDA launched in 2004 has produced significant developmental and U.S. export results, which include over $700 million in U.S. exports to China last year alone and contributions toward a system of regulations and processes that will be able to support a larger aviation sector in China."
The energy agreement was conferred during a signing ceremony at the Inter-Continental Hotel in Beijing. USTDA Director Zak and NEA Chief Engineer Wu Guihui signed the grant agreement on behalf of the U.S. and Chinese governments, respectively.
The aviation agreement was conferred during a signing ceremony at the CAAC Headquarters in Beijing. USTDA Director Zak and CAAC Deputy Administrator Xia Xinghua signed the grant agreement on behalf of the U.S. and Chinese governments, respectively. The ceremony was attended by additional representatives from the CAAC, FAA, USTDA and ACP.
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The U.S. Trade and Development Agency advances economic development and U.S. commercial interests in developing and middle-income countries. The agency funds technical assistance, feasibility studies, training, reverse trade missions and business workshops to support development of modern infrastructure and a fair and open trading environment. USTDA's efforts create an enabling environment for trade, investment and sustainable economic development.
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