DESERT HOT SPRINGS, CALIF.---May 31, 2011---Competitive Power Ventures, Inc. (CPV), GE Energy Financial Services and Diamond Generating Corporation (DGC), co-owners of the planned $900 million CPV Sentinel power plant, announced today that they have closed the largest project financing in the U.S. thermal power industry this year, for the facility to be built in Riverside County, Calif.
* Chemical Company Also Achieves Significant Total Cost Savings Through Innovative Process Improvements * Wacker Honored with GE ecomagination Leadership Award
CALVERT CITY, KY. and TREVOSE, PA.---May 26, 2011---The Wacker Chemical Corporation plant in Calvert City, Ky., has significantly reduced water usage and landfill waste while simultaneously increasing efficiency and cost savings with help from GE (NYSE: GE) and its advanced water chemical technology.
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Cleaner Energy through New Combination of Jet Engine and Gas Turbine Technology
* New Plant Offers Greater than 61 Percent Efficiency and Unprecedented Operating Flexibility
* Technology Enables Further Deployment of Renewables Like Wind and Solar
* New Power Plant Represents First Product in GE's New FlexEfficiency* Portfolio