GE Canada’s Peterborough plant is building large motors for customers in far off destinations in Asia and Africa. A 28-megawatt Synchronous generator was designed at the plant and is being built there to be shipped to an offshore oil platform in Africa.
Underlining its commitment to the community, 60 employees of GE teamed up with volunteers from averda, the largest environmental solutions providers in the Middle East and North Africa region and Abu Dhabi Gas Industries Ltd (GASCO) to clean up a section of desert farmland in the United Arab Emirates.
The president and CEO of Overseas Private Investment Corporation writes about expanding opportunities in Sub-Saharan Africa’s energy sector: “We have all heard the long list of challenges enumerated, again and again, as obstacles to Africa’s development – poor infrastructure, scarce job opportunities, underdeveloped financial systems. Today, however, the economic opportunities in Sub-Saharan Africa are more numerous than the region’s challenges.”
#Nigeria wins $1bn General Electric #manufacturing investment
General Electric on Thursday announced plans to invest close to $1bn in factories for the energy industry in Nigeria. Speaking at a ceremony in Abuja, GE chairman Jeff Immelt claimed it would create 2,300 jobs in the local economy and make Nigeria a regional manufacturing hub. The figure is comprised of $250m in capital spending on a new manufacturing and assembly plant in Calabar, south east Nigeria, and on upgrading existing servicing workshops in Port Harcourt, also in south east Nigeria, and in nearby Onne. There will be a further $800m on operational expenditure over the coming five years. About 300 of the jobs will be direct hires, and the other 2,000 the company says will be created at suppliers as GE expands its operations.
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