Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

GE Partnering with Sapphire Electric Company Limited to Help Pakistans Power Capacity Keep Pace with Rapidly-Growing Demand  Join our daily free Newsletter

MENAFN Press - 24/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) GE (NYSE: GE) is partnering with Sapphire Electric Company Limited through a Memorandum of Understanding (MoU) to co-create GE Predictivity„ solutions that will play an integral role in delivering more power to Pakistan, and help close a gap between the country's power capacity and ongoing electricity demand.



GE Predictivity solutions combine the power of the company's connected machines network, data analytics and people at work to help power generators manage their plant facilities more productively, and make well-informed operational decisions. The MoU is part of GE's strategic partnership approach to co-create tailored solutions that will increase the power plant output.



Mr. Shahid Abdullah, Chief Executive Officer of Sapphire said, "This strategic agreement with GE underlines our vision to be the most efficient and to serve the needs of our customers and investor communities. GE brings extensive industry experience to our partnership, and we look forward to continuing our collaboration in helping expand Pakistan's power generation infrastructure as our communities continue to grow.



GE's MoU with Sapphire features the co-creation of a package of solutions that will help expand the operational performance of the Muridke Power Station, in Sheikhupura, Punjab, Pakistan. Sapphire expects the upgrades to improve both power plant output and reliability. Azeez Mohammed, President & CEO, GE Power Generation Services, Middle East and Africa, and Shahid Abdullah, Chief Executive Officer Sapphire Electric Company, signed today's agreement in the presence of Karl Fessenden, President & CEO of GE Power Generation Services globally



GE's solutions will be integrated into the plant in several phases to enable the automation of processes and data-driven insights that will drive the improved performance at the Muridke Poer Station. The combined cycle power plant is powered by two GE 6FA gas turbines




GE has been a strategic partner of Sapphire since 2007, and had signed agreements to operate and maintain the power generation equipment at the Muridke Power Station.



















"We are proud to strengthen our partnership with Sapphire Electric Company through this important agreement, which will help drive more momentum in expanding Pakistan's power generation capacity," said Azeez Mohammed. "Strengthening its energy sector capacity is crucial to meet the growing demand for power in Pakistan. It also highlights the capabilities of our Power Generation Services business to provide smarter, cleaner and more efficient solutions to our customers, and the communities they serve."



GE is a key player in supporting the development of the power sector in Pakistan, previously signing a MoU to develop Pakistan's energy resources to meet the projected demand of 54,000 megawatts by 2020. If the concepts being developed under the Sapphire MoU were to be adopted on a broader scale, up to 600 MW of additional power could be achieved within Pakistan's existing power generation infrastructure.



With three offices in Karachi, Lahore and Islamabad, GE has supported Pakistan's energy needs since the country's independence in 1947. In the 1960s, GE was among the first companies to install gas and steam turbines in the country.



Sapphire Electric Company Limited was incorporated in Pakistan in January 2005. It was granted Generation License in June 2006 by the National Electric Power Regulatory Authority (NEPRA) for the Muridke Power Station, and the Power Purchase Agreement was signed with NTDC on February 19, 2007. The plant has been in commercial operation since October 5, 2010



About GE
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. www.ge.com.About GE Power & WaterGE Power & Water provides customers with a broad array of power generation, energy delivery and water process technologies to solve their challenges locally. Power & Water works in all areas of the energy industry including renewable resources such as wind and solar, biogas and alternative fuels; and coal, oil, natural gas and nuclear energy. The business also develops advanced technologies to help solve the world's most complex challenges related to water availability and quality. Power & Water's six business units include Distributed Power, Nuclear Energy, Power Generation Services, Renewable Energy, Thermal Products and Water & Process Technologies. Headquartered in Schenectady, N.Y., Power & Water is GE's largest industrial business. Follow GE Power & Water on Twitter @GE_PowerWater.GE Businesses in PakistanEnergy: GE energy business, an integrated full array of advance oil & gas exploration production, power generation and distribution & transmission technologies has been working in Pakistan to drive growth & progress and by anticipating the future energy needs, working on cleaner and more productive energy solutions for the country. GE has the largest install-base (over 3000 MW) of gas turbines and engines in Pakistan with the robust pipeline of future projects in renewable energy including wind, biomass/biogas and coal gasification.Aviation: With our over 40 years of relationship legacy with Pakistan International Airlines and being world's-leading provider of commercial and military jet engines with an extensive global service network, we are committed to continue working for development and progress of Aviation industry in Pakistan. Healthcare: In line with our global initiative Healthymagination - to provide better healthcare for more people around the world through innovations that lowers the cost, increases the access and improves the quality of healthcare, GE healthcare is growing its footprint in Pakistan through deploying the most innovation diagnostic imaging equipment like MRI, CT scans, Ultrasounds, X-rays & Mammography. More than 70% of the key large hospitals in Pakistan have at least one of these GE devices installed.Transportation: Alike its other counterparts, GE transportation also has a long and well established relationship legacy in Pakistan with more than 50% of Pakistan Railways active fleet supplied by us. Being a global technology leader and supplier to the railroad, marine, drilling, wind and mining industries, GE continues to be committed to grow its footprint in Pakistan and play a vital role in development and growth of transportation infrastructure in Pakistan.

 


MENAFN Press




  MENA News Headlines
 Jul 24 2016 - Qatar to give USD30mn for Gaza public sector employeesMENAFN
(MENAFN) Qatar will give USD30mn in order to help pay the salaries of thousands of Gaza Strip public sector employees.Accordingly, the payment of USD31.01mn was to alleviate suffering and financial ...

 Jul 24 2016 - Dubai real estate market posts USD15.5bnMENAFN
(MENAFN) Arab and foreign investors poured USD15.51bn into Dubai's real estate market in the first half of this year.Moreover, the majority of them were from GCC States, which invested in the Dubai ...

 Jul 24 2016 - Aluminum Bahrain net income declines in Q2MENAFN
(MENAFN) Aluminum Bahrain (Alba) posted a 45.4 percent drop in second-quarter net profit, which reached USD43.2mn, compared with a USD78.45mn in an earlier period.However, the firm reported weak ...

 Jul 24 2016 - IMF grants USD3.5bn credit line to MoroccoMENAFN
(MENAFN) The Intl' Monetary Fund (IMF) granted Morocco a two-year USD3.5bn credit line for structural reforms to boost economic growth.Moreover, the Precautionary Liquidity Line (PLL) is meant for ...

 Jul 24 2016 - NAT allocates rail work for Metro Line 3 in EgyptMENAFN
(MENAFN) The National Authority for Tunnels (NAT) assigned application of the rail work for Metro Line 3 to the ETF-ORC-TSO association.Additionally, the financial offer made by the ETF-ORC-TSO ...

 Jul 24 2016 - The number of High Definition channels is on the rise in the MENA regionMENAFN Press
(MENAFN Press) By May 2016, the satellites covering the Arab World carried 212 HD channels up from 195 HD channels by March 2015. A new report from Arab Advisors Group overviews the High ...

 Jul 24 2016 - Dow and DuPont Stockholders Approve MergerMENAFN Press
(MENAFN Press) United Arab Emirates, July 21, 2016— DuPont (NYSE:DD) and The Dow Chemical Company (NYSE:DOW) announced that, at their respective special meetings of stockholders held on July ...

 Jul 24 2016 - UAE Date Palm Tree Owners to Receive Cash for Palm WasteMENAFN Press
(MENAFN Press) Talah Board announces an exciting offer for agricultural businesses at the Liwa Date Festival Dubai, UAE, July 23, 2016: Talah Board today announced an exciting offer for ...

 Jul 24 2016 - Level Kids gets ready for Back to SchoolMENAFN Press
(MENAFN Press) Dubai, UAE, July 23, 2016: Level Kids is getting ready for a fresh new beginning to the academic year with its ‘Beat Back to School"; campaign starting from August 15th. It";s ...

 Jul 24 2016 - Stradivarius Flower Dresses LooksMENAFN Press
(MENAFN Press) A PERFECT MATCH Floral dresses have always been a must during the summer, and are a key piece for this season´s perfect wardrobe. The best way to combine them this year ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help