Shorter Installation Cycle of GE Jenbacher Engines Key to Helping Reduce Rolling Blackouts in Pakistan
JENBACH, Austria--25 November 2008-- Delivering on a commitment to reduce the number of rolling blackouts in Pakistan's southern port city of Karachi, the new management of the utility Karachi Electric Supply Company Limited (KESC) has ordered 64 of GE Energy's Jenbacher gas engines to supply 180MW of urgently needed power to the local grid. The milestone contract was signed November 22.
ALGIERS, Algeria--25 November 2008-- Taking another important step toward meeting Algeria's growing energy needs, state-owned power company Sonelgaz has signed service agreements with GE Energy worth more than US $1 billion. The service agreements will help to improve efficiency, output and reliability of 51 gas turbines installed in 13 power plants across the country.
The agreements include:
U.S. trade mission ends three-decade moratorium on nuclear cooperation
WILMINGTON, N.C.--24 November 2008-- Jack Fuller, President and CEO of GE Hitachi Nuclear Energy (GEH), will lead a 50-member U.S. trade mission to India Dec. 2-9, the first civilian nuclear energy delegation to visit India since the nations signed the 123 Agreement ending a three-decade ban on civilian nuclear cooperation.
Construction of West-to-East Pipeline Running Well Ahead of Schedule
FLORENCE, Italy--24 November 2008-- GE Oil & Gas recently completed work ahead of schedule for two of the final four compression stations being built for an expansion of China's landmark West-to-East Gas Pipeline, increasing the supply of natural gas to Shanghai prior to the upcoming harsh winter season.
Vancouver, Canada, November 24, 2008 -- Finavera Renewables Inc. (TSX-V: FVR) announced today its bid to develop four wind energy projects in British Columbia. To facilitate the bid into BC Hydro's 2008 Clean Power Call, Finavera Renewables signed a memorandum of understanding with GE Energy Financial Services, a unit of GE (NYSE: GE), for proposed financing of up to 295 megawatts of clean wind power projects in the Peace region in northeast British Columbia.
PRINCETON, NJ, NOV. 21, 2008---A first-ever 208-person study comparing the renal safety, occurrence of cardiovascular adverse events and diagnostic image quality of GE Healthcare's isosmolar contrast media (CM) iodixanol (VisipaqueTM) and the low-osmolar CM iopromide in select patients concluded iodixanol is associated with lower incidence of contrast-induced neuropathy (CIN) and cardiovascular events (CV) than iopromide, when used in patients with chronic kidney disease.
business unit
tags
NEW YORK--20 November 2008-- The Peacock Equity Fund, the joint venture between GE Capital's Media, Communications & Entertainment finance business and NBC Universal, today announced that Ben Silverman has joined the fund's Board of Directors. Silverman, the Co-Chairman of NBC Entertainment and NBC Universal Television Studio, brings his experience in media, production, and advertising to help identify media investment opportunities for the $250 million fund, which has offices in New York, London, and Singapore.
20 November 2008
GE Co-Leads $400 Million Credit Facility for JBS USA, Inc.
NORWALK, Conn.--20 November 2008-- GE Capital's Corporate Lending business today announced it co-led a $400 million asset-based credit facility for JBS USA, Inc., the U.S. subsidiary of JBS S.A., the world's largest beef producer and exporter. The loan will be used for working capital needs. GE Capital Markets acted as co-lead arranger on the transaction.
