NEW DELHI, India--(BUSINESS WIRE)--GE Energy Financial Services, a unit of GE (NYSE: GE), is reinforcing its foothold in India's power market through KSK Power Venture Plc -- a leading power project developer in India. GE has acquired approximately 26% of the equity in Sayi Power Energy Limited, KSK's majority owner.
Additional financial details of the transaction were not disclosed.
VANCOUVER, British Columbia--(BUSINESS WIRE)--Plutonic Power Corporation (Plutonic) (PCC-TSX) and a Canadian affiliate of GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that a $470 million senior secured credit facility for the Toba Montrose General Partnership has been closed with a syndicate of financial institutions.
STAMFORD, Conn.--(BUSINESS WIRE)--Reinforcing its debt business expansion to serve as lead arranger and sole book runner, GE Energy Financial Services announced today that it has completed a $277 million senior credit facility for Dalbo Holdings, Inc. ("DHI"), a Utah-based oilfield services company with operations in New Mexico, Utah, Colorado and Wyoming.
MIDWAY, Utah & STAMFORD, Conn.--(BUSINESS WIRE)--Expanding its financing for oilfield services while helping overcome environmental challenges, GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it is providing a senior secured credit facility for up to $250 million to 212 Resources.
VANCOUVER, Canada--(BUSINESS WIRE)--Plutonic Power Corporation (TSX: PCC), together with its partner, GE Energy Financial Services, executed a fixed-price construction contract with Peter Kiewit Sons Co. (Kiewit) for the construction of the 196 MW Toba Montrose run-of-river hydroelectric project, which includes the development of two powerhouses with intakes, penstocks and a corresponding transmission line.
ROSCOE, Texas & STAMFORD, Conn.--(BUSINESS WIRE)--GE Energy Financial Services, a unit of General Electric (NYSE: GE), is helping renewable energy company Airtricity, Inc. grow in the booming US wind energy market and boosting its own portfolio by investing in a 126.5-megawatt wind farm under construction in West Texas.
TANANGER, Norway & STAMFORD, Conn.--(BUSINESS WIRE)--Sevan Marine ASA announced that its affiliate, Sevan Drilling Pte Ltd, has signed an agreement for a US$400 million senior debt project finance facility for the Sevan Deepsea Driller vessel with Mandated Lead Arrangers GE Energy Financial Services, GE Transportation Finance and DVB Group Merchant Bank (Asia) Ltd.
NEW YORK--(BUSINESS WIRE)--GE AES Greenhouse Gas Services, a joint venture between GE Energy Financial Services, a unit of GE (NYSE: GE), and The AES Corporation, announced today a rigorous and comprehensive standard for the creation and sale of its greenhouse gas credits in the United States. The standard will ensure that credits produced by the joint venture are scientifically verified and provide a positive, measurable environmental benefit. The standard was announced in New York and will back the first US credit card dedicated to helping reduce cardholders' greenhouse gas emissions.
GLENDALE, Calif. & STAMFORD, Conn.--(BUSINESS WIRE)--GE Energy Financial Services, the energy investing unit of GE (NYSE:GE), is diversifying its renewable energy portfolio by increasing its investment in one of the largest landfill gas-to-energy projects in the United States. GE Energy Financial Services acquired a 90 percent interest in a limited partnership that operates the Scholl Canyon Landfill gas project in Glendale from Scholl Canyon Landfill Gas Corp., an affiliate of Palmer Capital Corp., which will continue to manage and direct the operations.
