#GE


Jack Welch

Former GE CEO Jack Welch dies

Former General Electric (GE) CEO John “Jack” Welch died at age 84, the company confirmed in a statement Monday. He was a chairman and CEO from 1981 to 2001.

GE sells Distributed Power business for $3.25B

USA, Boston: GE announced that it has signed an agreement to sell its Distributed Power business to Advent International, a global private equity investor, for $3.25 billion.

$900M order placed for Latin America’s largest gas power plant

Brazil, São Paulo: GE has won a turnkey order exceeding $900 million with Centrais Elétricas de Sergipe S.A. (CELSE) for Brazil’s Porto de Sergipe combined-cycle power plant, which will be the largest gas power plant in Latin America.

GE commissions HVDC solution for Brazil-Uruguay interconnection

France, Paris: GE has successfully commissioned back-to-back high voltage direct current (HVDC) converter facilities for the Brazil-Uruguay interconnection project, as well as extended and equipped existing substations for Interconexiones del Sur (ISUR).

Alstom T&D India looking to change name

India, New Delhi: T&D India has requested shareholders’ approval to change the name of the company to GE T&D India, after the company has been taken over by GE.

GE to provide turnkey project to Tunisia

USA, New York: GE has announced the company will provide a turnkey project to Tunisian Electricity and Gas Company (Société Tunisienne de l’Electricité et du Gaz) for the Bouchemma power plant.

GE signs $1B agreement to power up Iraq

Iraq, Baghdad: GE is signing a $1 billion power up plan with the Iraqi Ministry of Electricity (MoE) for critical electricity generation and maintenance projects throughout the country.

GE’s Somersworth plant acquired by Aclara, layoffs announced

USA, New Hampshire: Aclara Technologies LLC, St. Louis-based supplier of smart infrastructure technologies to electric, water and gas utilities, has announced that its affiliate has signed a definitive agreement to acquire the electricity meters business currently operating within GE Energy Management’s Grid Solutions subdivision, along with the General Electric plant in Somersworth, New Hampshire.

GE and Alstom form another joint venture

France, Paris: With the completed acquisition of Alstom’s power and grid businesses, GE Digital Energy and Alstom Grid have combined to form Grid Solutions, a GE and Alstom joint venture.

GE completes acquisition of Alstom power and grid businesses

France, Paris: Yesterday GE announced that it had completed the acquisition of Alstom’s power and grid businesses, following the regulatory approval of the deal in over 20 countries and regions including the EU, U.S., China, India, Japan and Brazil.