GE and Harbin to Provide Large, High-Efficiency Gas Power Plant to Help Meet Energy Demand in Pakistan
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Oppenheimer Reiterates Perform on General Electric (GE) Following 3Q15 Earnings
October 16, 2015 8:57 AM EDTOppenheimer reiterated a Perform rating on General Electric (NYSE: GE) following the company's 3Q15 earnings results. Operating EPS from sustaining operations of $0.29 compared to Street's $0.26 estimate.
Analyst Christopher Glynn commented, "Operating EPS from sustaining operations of $0.29 compared to our in-line $0.26 estimate, including $0.01... More
GE (GE), Harbin Electric Enter Gas Turbine Agreement
October 14, 2015 11:02 AM EDTIn an effort to avoid blackouts and meet the power needs of nearly 190 million people, the Punjab government in Pakistan is working to provide more affordable, reliable power as quickly as possible. To help reduce the projected 5 gigawatt (GW) energy shortfall, GE (NYSE: GE) will provide two high-efficiency 9HA.01 gas turbines and associated equipment to Harbin Electric International Company Limited (HEI), a longtime business associate, for the new 1.1 GW Bhikki combined-cycle power plant. Harbin will handle engineering, procurement and construction of the plant.
The Bhikki plant will be able to generate the... More
