Wednesday, March 12, 2008

Recent News: Wind Turbines, Government Blacklist?, Emerging Markets, Thailand Coal and Nuclear, GE Energy, and NBC.

GE Supplying Wind Turbines to Renewable Energy Systems for Projects to Be Developed in 2009 and 2010
Renewable Energy Systems (RES) Americas Inc. of Austin, Texas, one of the leading wind developers in North America, has signed agreements exceeding $700 million to receive GE Energy 1.5-megawatt wind turbines for projects in 2009 and 2010....

Govt threatens to blacklist GE; Bhel tie-up may be reviewed
Ratcheting up the pitch of its spat with General Electric Co. (GE) over allegedly defective turbines supplied by the US firm to the Dabhol power project, the government has threatened to ban the company from all future public sector power projects and review its alliance with the state-owned equipment maker Bharat Heavy Electricals Ltd (Bhel)...

GE Targets Growth in Emerging Markets
General Electric Co.'s Energy Financial Services unit said it will invest $5 billion through 2010 in energy and water projects in Asia, Latin America and the Middle East in a further sign of GE's diversification away from the U.S. economy....

GE Energy Says Thailand Should Use Coal and Nuclear
Coal and nuclear power remain Thailand's most viable fuel choices for the long term, according to Kovit Kantapasara, head of Thailand and Indonesia for GE Energy...

G.E. Chairman Rejects Talk of NBC Sale
Now hear this: NBC Universal is not for sale. No how, no way. Looking to squelch persistent rumors, Jeffrey R. Immelt, the chairman of General Electric, plans to make his most definitive statement yet about his company’s chief media asset...

GE's Energy Bet
Clearly, General Electric sees more money in powering the demand for infrastructure improvements around the world than it does in consumer spending....

GE chief executive says in annual report company won't sell NBC Universal
The chief executive of General Electric Co. is telling investors that the industrial and financial conglomerate will not sell NBC Universal, despite recurring speculation that GE would shed its media and entertainment division....

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