Côte d’Ivoire has secured $34 million from the Emerging Africa Infrastructure Fund (EAIF) to build a 44MW hydroelectricity generation plant.
The European Commission has extended the deadline on its investigation to assess whether GE's acquisition of Alstom is in line with EU merger regulations.
A statement of objections to the General Electric takeover of Alstom is routine process, according to the European Competition Commissioner Margrethe Vestager.
Italian power engineering firm Ansaldo Energia is emerging as a potential beneficiary of EU competition law after GE, according to insiders, offered to sell gas-turbine assets to it in an attempt to win approval for its plan to buy most of Alstom SA’s energy business.
The recent acquisition of Alstom Power has allowed GE to make a significant leap forward in terms of the comprehensive portfolio it can now offer the power industries.