The Letter of Intent was signed by Wärtsilä CEO Jaakko Eskola and Mr Wu Qiang, President of CSSC at a ceremony in Shanghai on March 16. The planned activities of the JV will include sales, marketing, engineering and project management for the E&A market. However, following the signing of the Letter of Intent, the full scope of the company's operations will be further defined. The joint venture company is expected to be operational at the beginning of 2017.