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.
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.