JENBACH, Austria--(BUSINESS WIRE)--South Africa's first landfill methane gas-to energy projects, powered by GE Energy's (NYSE: GE) Jenbacher generator sets, will be commissioned at two sites near the city of Durban on the country's east coast in early 2007. The plants are in the municipal region of eThekwini, which in Zulu means "in the place of the bay."
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FLORENCE, Italy--(BUSINESS WIRE)--GE today announced a major expansion of its presence in the global oil and gas industry, entering into an agreement to acquire Vetco Gray for $1.9B from Candover, 3i & JP Morgan Partners.
The move further strengthens GE's Infrastructure portfolio and its ability to meet customers' needs around the globe. The closing of the transaction, which is subject to conditions including the receipt of governmental, regulatory and other approvals, is expected in early 2007.
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Doha, Qatar; January 8, 2007: GE Energy has signed a multi-million dollar, 20-year Contractual Service Agreement(CSA) with Qatar Electricity and Water Company (QEWC) covering three GE Frame9FA gas turbine-generators at the Ras Abu Fontas B-2 power plant and desalinationproject in Qatar.
QEWC was established in 1990 to operate and maintain electricity generation and water desalination plants. The company is 43 per cent owned by the government, with the remaining shares held by individual and institutional Qatari investors.
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DETROIT--(BUSINESS WIRE)--It's been nearly 100 years, but Thomas Edison's belief in electricity as a viable propulsion system for automobiles is one step closer to reality due to the efforts of General Motors and General Electric. Today, GE participated in General Motors' unveiling of its newest concept vehicle, the Chevrolet Volt, here at the North American International Auto Show (NAIAS). The Volt's E-Flex flexible propulsion system offers a global blended range of transportation energy solutions to regional energy issues and driving behavior.
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VERNAL, Utah & STAMFORD, Conn.--(BUSINESS WIRE)--GE Energy Financial Services announced today that it served as lead arranger and sole book runner for a $155 million senior secured credit facility for Dalbo Holdings, Inc., a provider of water-based fluid transportation, water storage tank rental and fluid disposal services to oil and gas exploration sites in northeastern Utah and northwestern Colorado.
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Jeddah, Saudi Arabia -- December 27, 2006: Saudi Aramco has selected GE Oil & Gas business for supplying gas turbines to the Southern Area seawater capacityexpansion project in Ghawar - the world's largest oil field - and the Khuraisoil field.
GE will deliver 12 mechanical drive packages, including seven driven by MS5002C gas turbines and five by MS5002D gas turbines. The expansion project will help to increase Saudi Aramco's production.
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ATLANTA--(BUSINESS WIRE)--GE (NYSE: GE) today announced that it has signed a definitive agreement to sell GE Energy's hydro business to Pescarmona Group of Companies (PGC), a multinational, privately held group with a strong focus on the hydro industry, in which it has been operating for 100 years through its company, IMPSA.