GE says investing $515 mln in Turkish energy, engine projects
ISTANBUL, Sept 26
ISTANBUL, Sept 26 (Reuters) - General Electric is investing $515 million in Turkish energy, locomotive production and other projects, it said in a statement on Thursday.
The ongoing investment is part of a $900 million investment plan for Turkish projects GE announced last year.
In a statement ahead of a signing ceremony with Turkish officials in Istanbul and CEO Jeff Immelt, the Fairfield, Connecticut-based company said the investments include providing turbines and generators for a 840 megawatt power station in central Turkey that GE owns with its Turkish partner Gama Enerji.
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video