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GE bid process for Alstom going as expected

USA, Connecticut: General Electric (GE)’s process of the $ 16.9 billion bid for the Alstom’s power turbine and grid business is going as expected according to the president of GE’s power unit.

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Toshiba interested in acquiring Alstom

Japan: Toshiba will make an offer to General Electric (GE) to acquire the power transformer and management systems from the energy department of Alstom.

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GE warns about ageing and degraded power infrastructure in Nigeria

Nigeria: According to General Electric (GE)’s Mr Lazarus Angbazo, President & Chief Executive Officer, CEO, General Electric Nigeria, the country’s electricity infrastructure is ageing and degraded, and causing the current power crisis in the country.

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JCP&L to upgrade Manalapan substation

USA, New Jersey: Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy, is setting up a new power transformer and circuit breaker at its Manalapan substation as part of a $ 1.2 million upgrade project.

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Pakistan signs $ 167.2 million loan with ADB

Pakistan, Islamabad: Pakistan and the Asian Development Bank (ADB) signed a loan agreement for $ 167.2 million for the ‘Power Distribution Enhancement Investment Programme’.