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Press Release28 March 2014Siemens AGMunich

Siemens signs strategic cooperation agreement with Chinese utility company

Chinese President Xi Jinping (background L) and German Chancellor Angela Merkel (background R) look on as Siemens AG CEO Joe Kaeser (R) shakes hands with Huang Dinan(L), Vice-Chairman of Shanghai Electric Group Co., Ltd. and Cao Peixi (M), Chairman of Huaneng Power International Inc. during the signing of a Memorandum of Understanding in Berlin on March 28, 2014.

Chinese President Xi Jinping (background L) and German Chancellor Angela Merkel (background R) look on as Siemens AG CEO Joe Kaeser (R) shakes hands with Huang Dinan(L), Vice-Chairman of Shanghai Electric Group Co., Ltd. and Cao Peixi (M), Chairman of Huaneng Power International Inc. during the signing of a Memorandum of Understanding in Berlin on March 28, 2014.

Huaneng Power International, Inc. is principally engaged in the investment, construction, operation and management of power plants throughout China. As one of Chinese largest power producers, the company owns power plants located in 19 provinces, municipalities and autonomous regions in China. The Company also has a wholly-owned power company in Singapore. First business ties between Huaneng and Siemens date back to the early 1990s with installation of Siemens' power generation units at Fuzhou Power Plant and Hanfeng Power Plant.

For this press release

Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the fields of industry, energy and healthcare as well as providing infrastructure solutions, primarily for cities and metropolitan areas. For over 165 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is one of the world's largest providers of environmental technologies. Around 43 percent of its total revenue stems from green products and solutions. In fiscal 2013, which ended on September 30, 2013, revenue from continuing operations totaled €75.9 billion and income from continuing operations €4.2 billion. At the end of September 2013, Siemens had around 362,000 employees worldwide on the basis of continuing operations. Further information is available on the Internet at: http://www.siemens.com.
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Philipp Encz

Siemens AG

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+49 (89) 636-32934