GE, Bahrain: Shine the light on growth

June 11th, 2009 Posted in Industrial investment
clipped from finance.yahoo.com

GE inks $500M in power generation deals in Bahrain
The deal reflects the Fairfield, Connecticut-based conglomerate’s increased focus on the Middle East, where demand for electrical power is expanding rapidly as its population and infrastructure boom.
Under the terms of the deal, GE will provide equipment and long-term service to the Al Dur Independent Water and Power Project, which is slated to eventually produce 1,250 megawatts of power. That equals 30 percent of the country’s existing power output.
“The project is an example of the growing trend toward the integration of water and power production at a single site, especially in the Middle East where population and industrial growth rates exceed many other regions of the world,” Joseph Anis, GE Energy’s regional head, said in a statement.

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