The purpose of the agreement, signed between EDP subsidiary Labelec - Estudos, Desenvolvimento e Actividades Laboratoriais, S.A., and CTG subsidiary SIDRI (Shanghai Investigation, Design & Research Institute) is to jointly explore opportunities in three areas of common interest:
i) Cooperative research and development activities focusing on new energy technologies;
ii) Joint participation in international projects created by other organizations;
iii) Mutual technical assistance.
This Research and Development Center (CNET R&D Center) will improve the technological capacity of both companies and enhance the potential for joint business activities.
The creation of the CNET R&D Center reflects the implementation and development of the Strategic Partnership between CTG and EDP, created during the EDP privatization process in December 2011.
About Labelec
Labelec is an EDP subsidiary which provides laboratory testing services for electrical and electromechanical devices, insulating materials, chemical, bacteriological and biological analyses, energy calibration and metering, qualification and certification of suppliers and service providers, applied innovation (wind, solar and tidal wave energy) as well as technical consultancy services (smart grids, asset management, electricity distribution networks design and planning, cabling and energy storage technologies, etc.). Labelec currently employs 110 workers and its facilities are located in the Lisbon area.
About SIDRI
SIDRI is a CTG subsidiary and an A-level research and development institute. Its activities include, inter alia, the design and monitoring of the construction of hydroelectric plants, hydraulic works, renewable energy, architecture, environmental impact studies, the monitoring and management of construction projects, water and soil conservation projects and solutions, the monitoring of water reservoirs, the assessment of hydrological potential, geological surveys, etc.
SIDRI currently has 800 employees and its facilities are located in Shanghai.