GE only agreed to take up at least 15 per cent equity in each of the plants to be constructed.
GE’s support was the highest expression of investment support for government’s target to achieve 40,000MW generation capacity by 2020.
“To have a company willing to work with us on delivering 10,000MW is a show of confidence in Mr President’s vision. Even if the equity is one per cent, it is still significant because it will take us somewhere. And, with 15 per cent, Federal Government will provide the balance.”

“The local content will be huge because GE and any other foreign investor must have local partners.” read more