- Total orders of $28.7 billion, down 4%; organic orders up 4%; total revenues (GAAP) of $28.8 billion, down 1%; Industrial segment organic revenues (non-GAAP) of $27.7 billion, up 7%
- GE Industrial profit margin (GAAP) of (1.3)%; adjusted GE Industrial profit margin (non-GAAP) of 7.6%
- Continuing EPS (GAAP) of $(0.03); adjusted EPS (non-GAAP) of $0.17, including $0.06 benefit from tax audit resolution
- Non-cash goodwill impairment charge of $744 million pre-tax related to Grid Solutions equipment and services, resulting in $(0.09) impact to
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· This deal marks the largest scale nitrogen oxide (NOx) reduction installation across NTPC’s thermal fleet in India
· GE’s state-of-the-art technology cuts up to 40% of NOx emissions, supporting national emissions reduction goals
· If applied across India’s installed base, GE technology could cut the country’s NOx emissions in half
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- Rajasthan becomes the first state to implement game-changing power transmission technology in India
- GE’s Advanced Energy Management Systems (AEMS) will provide real-time data monitoring to better understand current and future energy usage and enable informed, proactive decisions about transmission of renewable energy
- Critical project will help in grid stabilization and efficiency improvement
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- First implementation of GE’s Predix Asset Performance Management (APM) solutions in India will be the backbone of Tata Power’s Reliability Centered Maintenance (RCM) digitization strategy
- GE will help Tata Power reduce its operating costs, improve maintenance planning and increase the reliability of its power plants
- GE’s APM solutions will be applied across approximately 8GW of Tata Power’s thermal and renewables capacity in India, helping to power around 2 million people more efficiently
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- 120 GE 2.5-132 turbines to be installed at the Gadhsisa Wind Farm in Gujarat, India
- This 300 MW project will be the largest full turnkey EPC project by GE Renewable Energy in India
- GE Renewable Energy will service and operate the turbines for 10 years in India
- GE Renewable Energy now has 1.8GW in onshore wind capacity in India
NEW DELHI, INDIA-December 19, 2018 - GE Renewable Energy announced today that it has been selected by ReNew Power, India's largest renewable energy Independent Power Producer (IPP)*, to provide 120 GE 2.5-132 t
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· Commissioned two months ahead of schedule, GE’s Grid Solutions substation installation is part of the Northern Region System Strengthening 29 (NRSS29) project, awarded to Sterlite Power by the Government of India
· The project brings reliable power to citizens in Jammu and Kashmir (J&K) by importing upto 1,000 MW of additional electricity daily from Punjab
· This project breaks record timing for fastest GIS (Gas Insulated Substation) implementation in India amidst harsh conditions
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- GE Power to supply Wet Flue Gas Desulphurization (Wet FGD) technology for four NTPC coal plants in a deal worth INR 1783 crore (USD 247 million)
- With these new contracts, GE’s technology for SO2 emission control will help NTPC remove more than half a million tons of SO2 each year and meet India’s latest thermal power plant emission norms for SO2
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· GE recognized with 'Engineering Service Provider of the Year' award for 2017-2018 by Delhi International Airport Limited (DIAL), the second consecutive year GE has received this award
· Per Airports Council International (ACI) ASQ 2017 rankings, the airport ranks as number one in the world for airport service quality
· GE Power’s Grid Solutions team operates and maintains the main receiving substation, which feeds electrical power to the airport, ensuring 24x7 power supply
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- First-of-its-kind technology for India will help NTPC and Tata Chemicals reduce nitrogen oxide (NOx) emissions by up to 40 percent from current levels at two existing coal-fired plants
- If applied to India’s 170GW sub-critical installed base, this boiler retrofit technology could cut the country’s NOx emissions in half
- This GE Power technology is in use in more than 1,200 boilers globally, building on the company’s 130 years of experience with boilers
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• GE Power will be supplying the 6F.03 Gas Turbine and Generator for the HPCL refinery
• It will be the first F-class technology to be installed at any refinery in India, bringing significant cost benefits to HPCL in fuel savings
NEW DELHI, INDIA - August 21, 2018 - GE Power (NYSE: GE) today announced that it has been selected by BHEL (Bharat Heavy Electricals Limited) for the supply of one 6F.03 gas turbine and a generator for ins