GE announced major changes to its business portfolio today designed to stimulate growth and generate more value for shareholders. GE’s Aviation, Power and Renewable Energy units will form a new core of the company. GE plans to turn GE Healthcare into a standalone business, distributing 80 percent to GE shareholders and monetizing the remaining 20 percent.
Dust storms are a fact of life in northern India, but this spring the damage has been the worst in two decades, according to the BBC. In early April, a storm brought traffic to a standstill in New Delhi and sent pedestrians scurrying for shelter.
Today, around 125 million people in ASEAN lack access to reliable energy services, reinforcing the need to invest in infrastructure that boosts power generation, transmission, and distribution services in the region.
The Brits and the French have spent centuries locked in a complex relationship stretching from the Norman Conquest to Monty Python’s “Holy Grail” — yet the two countries still can’t get enough of one another.
When GE Global Research Center engineer Jayesh Barve arrived in Behlolpur, India, in February, he found children and adults from this remote village learning to read and write with the help of a new computer. The sight overwhelmed him. As recently as last fall, Behlolpur, located in Bihar province, had no electricity — much less computers. Villagers rose with the sun and lit candles or oil lamps at night, just like their ancestors centuries ago.
The country’s Federal Electricity Commission (CFE) had tapped the Spanish power company Abengoa to build a state-of-the-art 900 megawatt combined cycle power plant that would burn natural gas sourced from Texas. GE’s Power business prepared to outfit the bold new power plant with four gas turbines and accompanying generators.
"The grizzly bear might be one of California’s most beloved and visible symbols — adorning the state’s flag and seal — but now another creature is threatening its place in the sun: the California duck.
There are a number of villages in northern India without reliable access to electricity. If entrepreneurial residents want to start a business, like repairing shoes or selling new farming equipment, they have to do it during daylight hours or by the light of kerosene lamps. And forget about using the internet to take orders, receive payments or order new inventory. Other ways of reaching customers also pose challenges. Without power, the only way to charge a cellphone often involves waiting in line at a solar panel or diesel generator.