RIYADH, SAUDI ARABIA -- June 22, 2009 -- Saudi Electricity Company (SEC) announced that it signed a 12-year direct loan agreement for SR4.1 billion ($1.1 billion) to finance the supply and installation of GE equipment for expanding the Qurayyah and Faras power plants in the Eastern Province and Power Plant No. 8 in Riyadh, which will add 2,900 megawatts of power generation capacity. The direct loan will be disbursed and managed through the funding bank, Calyon New York.
GEnx launch, Mubadala agreement, engine sales and services are show highlights
LE BOURGET, France --- June 18 2009 -- With its unveiling of the fastest selling large jet engine in GE history -- the GEnx -- and its strategic agreement with Mubadala Development Company, GE (NYSE: GE) and its joint ventures, CFM* and Engine Alliance+, announced more than $8 billion in orders at this week's Paris Air Show, which is held at Paris' Le Bourget airport.
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LE BOURGET -- June 16, 2009 -- Etihad Airways, the national airline of the United Arab Emirates, has selected the GEnx-1B engine to power its new fleet of 35 Boeing 787-9 aircraft and 10 GE90-115B-powered Boeing 777-300ER aircraft.
The total value of both engine orders is worth $2.2 billion (USD) list price. Additionally, the airline holds options for 25 Boeing 787 aircraft and 10 Boeing 777-300ERs with purchase rights for a further 10 Boeing 787 and five Boeing 777-300ER aircraft.
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Al Dur project expected to account for 30% of the Kingdom's existing electricity output
SCHENECTADY, N.Y.--11 June 2009-- GE Energy today announced that it has signed contracts totaling more than $500 million to supply advanced power generation equipment and long-term services for the Al Dur Independent Water and Power Project, the largest power plant in the Kingdom of Bahrain.
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Announce JV CEO;
Establish Abu Dhabi Learning Center and Chief Learning Officer
Abu Dhabi, UAE, May 31, 2009 -- General Electric (NYSE: GE) and Mubadala Development Company today announced the signing of their commercial finance joint venture agreement and establishment of a regional training center for next-generation business leaders, demonstrating significant progress on key aspects of a broader strategic partnership forged by the companies last year.
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Company continues to grow revenues, reduce greenhouse gas emissions and meet other ecomagination goals
FAIRFIELD, Conn.--27 May 2009-- GE today announced that it has surpassed its first ecomagination goal to reduce its own greenhouse gas intensity, and is making progress against its other goals for revenue growth, water and technology innovation.