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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
09/29/201610:50:00GE Didn't Renew Contracts Linked to Power Firm at Center of U.S...
09/29/201608:24:00GE Declined to Renew Contracts Linked to Power Firm at Center...
09/29/201602:00:00Allied Minds and GE Ventures Form Strategic Alliance to Commercialize...
09/27/201612:44:00General Electric, Independent Power Supplier Plan Vietnam Wind...
09/27/201612:40:00GE, Independent Power Supplier Plan Vietnam Wind Projects
09/27/201611:30:00GE Introduces the Digital Mine to Boost Efficiency and Drive...
09/27/201609:30:00GE Expands Its Digital Water Capabilities with the Launch of...
09/27/201608:30:00Falvez Energy Completes Financing with GE Energy Financial Services...
09/26/201614:30:00Pennsylvania Wastewater Treatment Plant Upgraded with GE’s L...
09/26/201614:05:00GE Announces World’s Largest Membrane Aerated Biofilm Reactor S...
09/26/201609:00:00Industrial Manufacturing Benefits from New Technological Innovations
09/26/201603:30:00GE Publishes Offer Document for the Public Takeover Offer for...
09/23/201604:00:00GE Healthcare Aims to Fund up to $50M for Global Health Startups
09/21/201605:09:00GE Transportation Enables Digital Rail System, from Locomotive...
09/21/201605:09:00GE TRANSPORTATION DIGITALISIERT DAS SCHIENENSYSTEM – VON DER L...
09/21/201602:00:00GE Future of Electricity Summit Convenes Industry Players to...
09/20/201609:29:00GE Goes Into High Gear to Attract Silicon Valley Tech Talent
09/20/201608:00:00GE’s Solution to Enable Uninterrupted Operations at One of t...
09/19/201622:00:00Intel Hires Bob Swan as Finance Chief
09/19/201621:00:00GE Announces More Than $800 Million in Digital Industrial Power...

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