SÃO PAULO, BRAZIL (February 10, 2003) --- GE Hydro is supplying three hydro turbines, generators and additional equipment to Campos Novos Energia S.A. for a new, 880-megawatt power plant in Campos Novos, Santa Catarina, Brazil.
Under the US$47.8 million contract, the equipment will be installed at the new Usina Hidrelétrica Campos Novos facility along the Canoas River. Scheduled to enter service in 2006, the plant will provide power for the wholesale power market in Brazil.
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PITTSFIELD, Mass.--(BUSINESS WIRE)--Feb. 6, 2003--GE Plastics, a leading worldwide producer of engineering thermoplastics and a division of General Electric Company (NYSE: GE) today announced a one-year sponsorship of the DEWALT #17 stock car, driven by Matt Kenseth in the 2003 NASCAR Winston Cup Racing Series.
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PALO ALTO, Calif.--(BUSINESS WIRE)--Feb. 6, 2003--The Electricity Innovation Institute (E2I), an affiliate of the Electric Power Research Institute (EPRI), has selected a team headed by GE Global Research to assist in the initial development of an industry-wide architecture to meet the emerging needs of a digital society.
The 18-month, multi-million dollar project will define an overall technical framework for the design of communications and intelligent equipment necessary to support the "smart grid" electric system of the future.
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Dubai, February 6, 2003 ---- General Electric (GE) has been named the world's most respected company for the fifth consecutive year by the Financial Times, in a worldwide survey of chief executives conducted by PricewaterhouseCoopers.
"It's an honour for us to receive this great accolade as it reflects positively on GE businesses around the world and is an achievement based on consistency in performance and adherence to core values," said Abdullah Taibah, Corporate Regional Executive for GE in the Middle East.
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February 5, 2003 -- Evendale, Ohio -- The newest derivative of the GE90 jet engine has set another world record for thrust, reaching 127,900 pounds during final engine certification testing.
The new record was set recently during testing of a GE90-115B development engine at GE Aircraft Engines' (GEAE) outdoor test complex near Peebles, Ohio. It eclipsed the engine's previous Guinness world record of 122,965 pounds of thrust.
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February 5, 2003 -- BANGALORE, India -- GE Aircraft Engines, a division of General Electric Company and the world's leading producer of large and small jet engines for commercial and military aircraft, today announced at Aero India 2003 that it is offering its GE90 aircraft engine in India. Specifically designed for the Boeing 777 currently being considered by Air India, the GE90 is the world's most powerful turbofan and represents GE Aircraft Engines' investment in the future of wide-body aircraft.
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February 5, 2003 -- BANGALORE, India - GE's T700 helicopter engine is well suited to power India's new multipurpose helicopter.
The Indian Air Force is considering an order for up to 20 AgustaWestland EH101 helicopters for use in a variety of demanding missions. The three-engine helicopter will be required to meet stringent altitude requirements and currently, the T700 engine is the only fully qualified engine to operate above 15,000 ft on the EH101 application.
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LONDON--(BUSINESS WIRE)--Feb. 4, 2003--GE Consumer Finance, the consumer credit services business of the General Electric Company (NYSE: GE), today announced it has agreed to acquire First National's secured and unsecured lending business from Abbey National plc for a consideration of (pound)848 million. This includes net assets of (pound)630 million and a premium of (pound)218 million. A further post-completion payment of up to (pound)42 million may be made to Abbey National, contingent on the performance of the lending book being acquired.