Help Desk -
9958816305, 9810335381
Email
Password

GE to Exit from New Build Coal Power Market

Coal News - Published on Thu, 24 Sep 2020

Image Source: Coal Exit GE
GE announced that it intends to exit the new build coal power market, subject to applicable consultation requirements. GE’s Steam Power business will work with customers on existing obligations as it pursues this exit, which may include divestitures, site closings, job impacts and appropriate considerations for publicly held subsidiaries. GE will continue to focus on and invest in its core renewable energy and power generation businesses, working to make electricity more affordable, reliable, accessible, and sustainable. GE Steam Power will continue to deliver turbine islands for the nuclear market and service existing nuclear and coal power plants.

GE Power Portfolio President & CEO and GE Senior Vice President Mr Russell Stokes said “With the continued transformation of GE, we are focused on power generation businesses that have attractive economics and a growth trajectory. As we pursue this exit from the new build coal power market, we will continue to support our customers, helping them to keep their existing plants running in a cost-effective and efficient way with best-in-class technology and service expertise.”

Source :

Posted By : Yogender Pancholi on Thu, 24 Sep 2020
Related News from Coal segment