GE and XD Electric announce joint venture to support Africa’s growth
South Africa, Johannesburg – GE and XD Electric Group announced new partnership that combines GE’s intelligent controls with XD Electric’s comprehensive portfolio of high-voltage equipment, writes allAfrica.
ba0166c7a50d96eb270097f3f911e08a
South Africa, Johannesburg – GE and XD Electric Group announced new partnership that combines GE’s intelligent controls with XD Electric’s comprehensive portfolio of high-voltage equipment, writes allAfrica.
Through the partnership, GE and XD will offer end-to-end T&D solutions to meet growing demand for electricity in the emerging economies with demand to build out the current grid infrastructure. The rise in global electricity demand and population growth are economic drivers leading the expansion of the $ 100 billion T&D industry.
To prevent grid disruptions and build a strong, resilient grid, utilities will be able to expand their T&D systems with HV transformers, circuit breakers, HV breakers, gas-insulated switchgear and other HV equipment to improve reliability. GE’s and XD’s will provide utilities with the necessary T&D solutions and provide energy-intensive industries with the HV solutions necessary to meet the rapid electrification of industrial processes.
“In Africa, we’re focused on grid expansion projects and greenfield network interconnections as we continue to create a modern power grid that is stable, resilient and energy efficient,” said Amen Saeed, senior product manager for GE’s Digital Energy Business (ME)/Luis Perez, general manager for EMEA, GE’s Digital Energy business (Africa). ”Adding high-voltage capabilities will help our utility customers to transmit power with minimal losses over long distances and rough terrains—from the generation point to the consumers in large cities. We’ll also continue to eliminate power islands, creating energy reserves and allowing us to more efficiently use a greater supply of energy.”
Major components of the new partnership:
– Combination of GE’s intelligent controls and service capabilities with XD Electric’s comprehensive portfolio of high voltage power equipment
– A joint venture with XD Electric to offer customers in China GE’s localised intelligent controls and services.
– GE’s 15 % equity in XD Electric and a seat on XD’s Board of Directors.
Source: allAfrica
#GE Africa#GE XD Electric#GE XD Electric joint venture#General Electric XD Electric#high voltage equipment GE#high voltage equipment XD Electric#XD Electric Africa