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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
01/26/201521:24:36Correction to BOC Aviation Buying CFM Engines Article on Monday
01/26/201502:25:14BOC Aviation: To Buy 10 Engines From CFM International for Airbus...
01/23/201514:52:12GE Profit Boosted by Industrial Segment but Drop in Oil Creates...
01/23/201513:23:54Siemens' Power & Gas Business Under Pressure - Earnings Preview
01/23/201512:50:17GE Earnings Top Views Behind Growth in Industrial Segment...
01/23/201512:18:41GE Earnings Top Views Behind Growth in Industrial Segment
01/22/201512:59:43GE Revenue, Profit Expected to Rise -- Earnings Preview
01/21/201518:27:22GE to Pay About $464 Million More in Alstom Deal--Update
01/21/201514:39:32GE to Pay About $464 Million More in Alstom Deal
01/21/201505:20:10U.S. Fund Buys Stake in Unit of Spain's ACS
01/21/201504:47:40U.S. Fund Buys Stake in Spanish Energy Company
01/19/201503:06:06MARKET SNAPSHOT: Earnings, ECB Highlight Holiday-shortened Week
01/13/201514:54:14MetLife Challenges 'Systemically Important' Tag -- 3rd Update
01/13/201514:23:44MetLife to Challenge 'Systemically Important' Tag -- 2nd Update
01/13/201514:03:25MetLife to Challenge 'Systemically Important' Tag -- Update
01/07/201523:28:31Indonesia May Ask U.S. for Help in AirAsia Crash Probe -- Update
01/07/201520:00:08Indonesia May Seek U.S. Help in AirAsia Crash Probe
01/07/201519:39:05Indonesia May Ask U.S. For Help in AirAsia Crash Probe
01/06/201506:07:30GDF Suez to Name Judith Hartmann as Chief Financial Officer
12/22/201417:44:43Alstom to Pay $772 Million to Settle Bribery Charges -- 2nd Update

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