· GE’s event at Expo-2017 Moving Forward, Fueling the Future highlighted the emerging trends and technologies reshaping the oil & gas and transportation industries.
· Company signs agreements with Kazakhstan Railways (KTZ) on digital cooperation and with Eni Sp.A. on partnering on renewable energy in Kazakhstan.
· GE unveils vision for future of energy to over 20,000 visitors as a global sponsor of USA Pavilion.
ASTANA, Kazakhstan, June 21, 2017 - Following the opening last week of Expo-2017 in Kazakhstan’s capital of Astana, also known as the world’s fair, over 100 top officials, senior business executives, and global thought leaders came together for an interactive discussion at Moving Forward, Fueling the Future. The GE-hosted forum focused on emerging trends and technologies in the energy and transportation industries, including the digital revolution that is radically reshaping the industrial world.
In the transportation industry, the discussion centered on the forward outlook of the region as an increasingly important trade hub connecting Europe and Asia, as well as the critical importance of digital in transforming the rail industry. At the event, the country’s national railway company KTZ signed an agreement to leverage GE Transportation’s digital solutions including Trip Optimizer and Smart Intermodal Terminal to lower fuel costs, optimize power distribution, and increase terminal productivity.
“GE’s long-standing relationship with Kazakhstan Temir Zholy is a testament to our commitment and innovation within the rail space,” said Jamie Miller, President & CEO, GE Transportation. “We are excited to expand our relationship and are confident in the value our digital solutions provide and excited to bring the most advanced digital rail solutions to the CIS region.”
In the oil & gas industry, senior business and government leaders joined a panel to discuss the country’s critical role in ensuring Eurasian energy security and the potential for new virtual pipeline and LNG technology to better leverage Kazakhstan’s abundant gas resources to support sustainable development.
“Rich in resources and a key trade corridor, Kazakhstan and the broader Central Asia region are hugely important to the global oil and gas industry, said Lorenzo Simonelli, President & CEO, GE Oil & Gas. ”This is the perfect place for a global discussion and we welcome the opportunity to continue collaborating with our partners in the region.”
As a global sponsor of the USA Pavilion, over 20,000 visitors over the past two weeks have had the opportunity for a hands-on experience at GE’s booth, which features an interactive electricity value network demonstration with a focus on the growing importance of renewables in the global energy mix. On the sidelines of the event, GE, Eni S.p.A., and Kazakhstan’s Ministry of Energy signed an agreement to cooperate in developing renewable energy projects, in particular to evaluate the possibility of building a 50MW wind farm, as well as other potential projects aimed at helping the country achieve its strategic goals of sustainable development.
Following the conference’s conclusion, guests were invited on a tour of Lokomotiv Kurastyru Zauyty (LKZ), a GE joint venture in Astana that manufactures high-efficiency, heavy-haul Evolution-series locomotives customized for the 1520mm-guage CIS market. The facility has produced 300 TE33A locomotives to-date, with dozens of units exported to neighboring Azerbaijan, Kyrgyzstan, Tajikistan, Turkmenistan, and Ukraine.
“GE has been contributing to infrastructure development in Central Asia for 70 years. We’re happy to be supporting Kazakhstan as the host of Expo 2017 by providing a platform for open dialogue with our local partners about some of the most pressing challenges in the industrial world. Together, we’re taking concrete steps to reboot industrial productivity and help support the region’s long-term growth,” said Ron Pollett, Vice President, GE, and President & CEO, GE Russia/CIS.
Today’s announcements reaffirm GE’s long-term commitment to helping tackle some of the most challenging energy and transportation projects in Kazakhstan, as well as supporting the country as it embarks on the journey of digital transformation laid out in a 2017 address by President Nursultan Nazarbayev to harness the power of the Industrial Internet as an engine to accelerate growth.
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About GE Russia/CIS
GE has been working in Russia for nearly 100 years, bringing global expertise and localizing advanced technology with our strategic partners across power, oil & gas, transportation, and healthcare to solve some of the region’s biggest infrastructure challenges and improve people’s lives. Over 1,600 GE employees are working in Russia/CIS, with regional headquarters in Moscow. For more information, visit the company’s official website - www.ge.ru