Wuhan Iron and Steel Corporation has signed a strategic cooperation agreement with GE for the company's first blast furnace gas cycle power generation project.

The two sides will carry out cooperation on energy power generation, water processing, industrial electricity and automation, safety, environment protection, iron and steel outsourcing, and management training.

According to the agreement, GE will supply two sets of cycle plant equipment for WISCO which are expected to generate 2.4 billion kilowatt hours of electricity each year and this type of power generation will reportedly help reduce more than 2 million tons of carbon dioxide every year.

Jeffrey R. Immelt, chairman of the board and chief executive officer of General Electric, says this is the largest project that GE has ever invested in Wuhan, which is very important in the company's future development in China. Immelt also says the company's cooperation with WISCO on energy saving and recycling economy conforms to GE's global strategy of Green Innovation.