China's Power Industry Continues Investments in AVEVA Solutions

BEIJING , Nov. 30 /CNW/ - AVEVA announces multiple wins from China's power industry reflecting robustness of the sector and Chinese companies' appetite for AVEVA Plant and AVEVA NET, AVEVA's Engineering & Design and Lifecycle Management solutions.

The wins, recorded from the beginning of AVEVA's financial year in April, came mostly from Class A Certified Chinese Electrical Power Plant Design Institutes, of which 85% subscribe to AVEVA solutions. They include Northeast Electric Power Design Institute, Guangdong Electric Power Design Institute, Shandong Electric Power Engineering Consulting Institute and Inner-Mongolia Electric Power Survey & Design Institute. Other power companies renewing their investments in AVEVA Plant include are Beijing Bootes Electric Power Sci-Tech, China Huadian Engineering and China Nuclear Power Design Company (Shenzhen).

Peter Finch , President, AVEVA Asia Pacific said:

"There is great demand for energy to power China's economy. As AVEVA is China's top solutions provider to the power industry, and a majority of the Electrical Power Plant Design Institutes subscribe to our solutions, we can cooperate easily in a unified approach, unifying standards and sharing a common platform to promote design innovation and optimization, to effectively improve design quality, productivity, and to reduce project cost."

Peter continued:

"An exciting development for us comes from the nuclear sector as there are plans to increase the installed capacity of nuclear power plants from the current 9,000 MW to 60,000 MW by 2020. We have established long term partnerships with China's leading nuclear design companies. One of such, China Nuclear Power Design Company (Shenzhen), recently signed an agreement to subscribe to AVEVA NET, this comes after signing a similar multi-million USD contract last year. AVEVA is looking forward to further enhancing ties with China's conventional and nuclear design sectors."

About AVEVA Group plc

AVEVA is trusted around the world to deliver engineering IT solutions with strategic value to leading companies in the plant and marine industries. For further information please visit http://www.aveva.com or http://www.aveva.com/ednotes

For further information: Youli Hooi, Tel: [phone], [email protected], http://www.aveva.com