Global Industry: GE to combine renewable, grid assets into single unit

Global Industry: GE to combine renewable, grid assets into single unit

General Electric (GE) said on Wednesday it would consolidate its renewable and grid assets into a single unit, seeking to tap into the growing global demand for clean energy generation, a day ahead of the company’s fourth-quarter results scheduled for Thursday. Advertisements

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Africa Renewables: Algeria to Manufacture RE Parts in partnership with General Electric

Africa Renewables: Algeria to Manufacture RE Parts in partnership with General Electric

The first turbines manufactured in Algeria will be available by July 2019, according to the CEO of the country’s state-run utility Sonelgaz. Mohamed Arkab said the goal is being achieved through a partnership with GE. The country has indeed signed an agreement to create a JV co-founded by both entities under the 51/49 rule. Called GEAT, the JV company will manufacture the equipment of a power plant, such as alternators and control systems. In addition,…

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Africa Oil & Gas: Baker Hughes scores Zohr gig in Egypt

Baker Hughes, a GE company, secured a contract from Petrobel, a joint venture between a subsidiary of Italy’s Eni and the Egyptian General Petroleum Corp., for work on subsea production systems for the “supergiant” Zohr gas field.

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Africa Oil & Gas: Uganda Picks GE, Saipem To Build First Oil Refinery

  Uganda has picked a consortium including GE and Italian Saipem to build and operate the African country’s first oil refinery. The 60,000-bpd facility will process crude from fields operated by Tullow Oil, CNOOC, and Total. The consortium competed with 40 other companies, the Ugandan Energy Ministry said in a statement as quoted by Bloomberg.

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