A milestone in a strategically important new water supply that will help alleviate a severe water shortage in Jordan's capital and surrounding area has been reached with funding of construction of a pipeline project by GAMA Energy A.S., a joint venture between GAMA Holding A.S. and GE (NYSE:GE) unit GE Energy Financial Services. The US$1 billion Disi Water Conveyance Project includes construction of a 325-kilometer pipeline that will pump water from the Disi aquifer in Mudawarra to Jordan's most populous city, the capital of Amman.
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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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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.
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* Business growth strategy centers on better healthcare for more people at lower cost
* Built on successful ecomagination model
* $3 billion investment for 100 innovations that lower cost, increase access and improve quality; $2 billion to finance IT and access in rural & underserved areas; $1 billion for partnerships, content and services
* Focus on four critical needs: low-cost technology; healthcare IT; innovation for all; and consumer-driven healthcare
* Improve GE employee health and competitiveness