LONDON & HANOVER, Germany--(BUSINESS WIRE)--Jan. 17, 2006--GE Energy Financial Services has completed project debt financing for two wind power farms it owns in Saxony-Anhalt, Germany.
Norddeutsche Landesbank (NORD/LB) in Hanover arranged the approximately EUR 60 million in total debt for the 12-megawatt Krusemark wind farm in Sachsen-Anhalt and the 55-megawatt Alsleben farm under construction between Magdeburg and Halle. Norddeutsche Landesbank is the sole lender to the projects.
JENBACH, Austria--(BUSINESS WIRE)--Jan. 16, 2006--GE Energy's Jenbacher gas engine business has provided five cogeneration units for three new power plants supporting parts of the city of Torino and nearby ski resort villages in Italy. The northern Italian city is hosting the upcoming Olympic Winter Games in February 2006.
DALLAS--(BUSINESS WIRE)--Jan. 13, 2006--Capital Senior Living Corporation (NYSE:CSU) and GE Healthcare Financial Services today announced the formation of a joint venture to acquire five senior housing communities from a third party. The new venture will be funded by Capital Senior Living and GE Healthcare Financial Services, demonstrating both companies' significant commitment to long-term care real estate. Under the venture agreement, Capital Senior Living will earn management fees and may receive additional incentive distributions.
FLORENCE, Italy--(BUSINESS WIRE)--Jan. 12, 2006--GE's Oil & Gas business has been selected as an equipment supplier for the expansion of China's landmark West-East Gas Pipeline Project, one of the country's most critical infrastructure projects of the 21st century. Under a contract of more than US$196 million, GE will provide gas turbines, compressors and installation services for 12 new compression stations.
ATLANTA--(BUSINESS WIRE)--Jan. 12, 2006--GE Energy (NYSE: GE) today announced that it has signed a purchase agreement to acquire Altair Filter Technology Group Limited, a leading provider of inlet filtration solutions for the power generation, oil and gas and marine industries. Gresham Private Equity, a regionally based UK mid-market private equity firm, is a majority stakeholder in the business. The transaction, subject to customary closing conditions, is expected to close at the beginning of February.
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.
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.
