STAMFORD, Conn.--(BUSINESS WIRE)--Jan. 9, 2006--GE Energy Financial Services announced today that it has provided cash flow-based senior debt financing to support the acquisition of NORESCO, one of the largest providers of energy management and performance contracting services in the United States, by an investor group led by GFI Energy Ventures LLC.
Financial details were not disclosed.
BARRINGTON, Ill.--(BUSINESS WIRE)--Jan. 4, 2006--GE Healthcare, a unit of General Electric Company (NYSE:GE), announced today the completion of the acquisition of IDX Systems Corporation (NASDAQ:IDXC), a leading healthcare information technology (IT) provider. Together, GE Healthcare, a global leader in medical imaging, healthcare services, life sciences and information technology, and IDX will create a leading healthcare IT vendor with one of the most comprehensive suites of clinical, imaging and business information systems available.
BANGKOK, Thailand--(BUSINESS WIRE)--Jan. 4, 2006--GE Money announced today that its joint venture in India with State Bank of India - SBI Card - has reached the two million card customer milestone, making it a leading player in the highly competitive and fast-growing consumer finance market.
SALT LAKE CITY--(BUSINESS WIRE)--Jan. 4, 2006--Cardholders and commercial card program administrators (PAs) will see added convenience, efficiency and control from a new feature released by GE's Corporate Payment Services unit. The new manual authorization feature in NetService leverages GE's patented pre authorization technology and will significantly reduce phone calls that cardholders and PAs make when dealing with transaction declines at the point of sale.
WILMINGTON, N.C.--(BUSINESS WIRE)--Dec. 29, 2005--GE Energy's nuclear business has been awarded a contract to support the next phase of a Mexico utility's preparations for an extended power uprate (EPU) at the Laguna Verde Nuclear Power Plant in Mexico.
Originally designed by GE, each of Laguna Verde's two boiling water reactors (BWRs) has an output of 695 megawatts. The plant is located in the state of Veracruz, 70 kilometers northwest of the city of Veracruz and 60 kilometers northwest of the city of Jalapa, the state capital, along the Gulf Coast.
CAMPO INDIAN RESERVATION, Calif. & STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 28, 2005--Electricity from the largest wind power farm on Indian land has begun flowing into California's power-hungry grid thanks to a partnership between project sponsor, global investment and advisory firm Babcock & Brown (ASX:BNB) and GE Energy Financial Services. Energy Financial Services invested $51 million in the 50-megawatt Kumeyaay Wind project near San Diego.
STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 28, 2005--GE Energy Financial Services announced today that it has completed the financing and syndication, with its affiliate, GE Capital Markets, Inc., of a $72.8 million senior debt facility for a portfolio of eight power and transmission projects owned by ArcLight Capital Partners. This is the second major financing led by GE Energy Financial Services and GE Capital Markets for ArcLight.
Multi-Million Dollar Contract Covers 22 Gas Turbines
Dubai, December 28, 2005: GE Energy and RasGas Company Limited has recently signed a multi-million dollar agreement calling for GE to supply a full range of services over a 25-year period for 22 gas turbines operating at the RasGas LNG production complex in Ras Laffan Industrial City, Qatar.
Seminar and exhibition provide forum for experts to showcase water and energy issues
Dubai, UAE, December 24, 2005: GE Infrastructure, a global leader in energy and water processing technologies, is a co-sponsor for the two day Water & Energy and Environment Exhibition (WETEX) 2006. Taking place from 14-16 January at the Dubai World Trade Centre, the leading regional forum for water and energy will create an excellent environment for industry experts to highlight regional water and energy issues.
