GE says investing $515 mln in Turkish energy, engine projects

ISTANBUL, Sept 26 Thu Sep 26, 2013 11:45am EDT

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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.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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