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Nigeria Government: GE To Invest $10 Billion In Power Plants -Reuters

DOW JONES NEWSWIRES General Electric Co. (GE) has agreed to invest $10 billion in new power plants in Nigeria, that country's power ministry said Monday, Reuters reported on its website. Under terms of a memorandum of understanding, GE will take a 10% to 15% equity stake in the plants and that GE will join with the government and unspecified partners after a privatization of Nigeria's power sector, an unidentified spokesman for the ministry told Reuters. The spokesman did not say in what kind of power stations GE would invest. Full story at: www.reuters.com/article/2012/03/26/ge-nigeria-idUSL6E8EQ46T20120326?type=companyNews&feedType=RSS&feedName=companyNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FcompanyNews+%28News+%2F+US+%2F+Company+News%29 -Dow Jones Newswires; 212-416-2900

Stock News for Gen Electric (GE)
DateTimeHeadline
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12/05/201404:30:04Hungary Isn't Building a Giant State Bank
12/05/201403:46:04Hungary Isn't Building a Giant State Bank -- PM Orban
12/04/201411:20:06Hungary Buys Budapest Bank From GE
12/01/201414:25:24U.S. Stocks Trade Lower
12/01/201412:31:11Rolls-Royce Expects to Make Progress on Job Cuts
11/26/201418:36:37Fed May Tailor Rules for Systemically Important Nonbank Firms
11/26/201402:06:40VietJet Signs US$300 Million Engine Maintenance Deal with CFM
11/21/201407:00:19Blackstone to Buy General Electric's Japan Property Business
11/18/201418:03:24Blackstone Buys Australian Chemicals Business

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