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To: Wharf Rat who wrote (7657)	5/17/2008 5:18:12 AM
From: Wharf Rat	Respond to of 24213

GE considers investing in wind energy in Africa Kenya takes initial steps US aviation engines makers, General Electric (GE), is planning to invest in Africa’s wind energy sector to boost the World Bank’s ’Light Africa Initiative’, launched last year to bolster access to electricity in Africa. -------------------------------------------------------------------------------- Wednesday 14 May 2008, from Panapress -------------------------------------------------------------------------------- GE President for Africa, Yibrah Tesfazghi, said here Wednesday the American firm was focusing on energy growth in Africa by availing its wind turbines across Africa to boost the Light Africa Initiative. Lack of adequate energy supply has been cited as one of the biggest barriers to better living standards for millions of Africans. According to the World Bank’s "Lighting Africa" initiative, in Sub-Saharan Afric a over 500 million people lack modern energy, with rural electricity access rates as low as 2 per cent. Several African countries have implemented small-scale renewable energy projects providing power to urban and rural populations. Kenya is considering moving towards wind energy solutions, which is a sustainable and cleaner source of power. Kenya’s state-run power firm, KenGen, has undertaken studies on wind power potential in Kinangop, outside Nairobi, and in Lamu, along Kenya’s Indian Ocean coast . GE is also involved in water processing technologies and is one of the largest suppliers of water reuse and desalination plants in the world. In addition, the company supplies healthcare equipment to health facilities across Africa in its US$ 17 billion healthcare business. Tesfazghi said GE’s confidence in Africa had been strengthened by political and economy stability, adding that Africa was set to become a driving force in the global economy. General Electric expects revenues in Africa to rise due to demand for infrastructural development among growing economies. Tesfazghi said revenues in Africa grew by 114 per cent in the first quarter of 2008, compared to 2007 "and we expect this growth to continue". Recently, GE scooped the second best brand name in the world from Millward Brown Optimor, with brand value of US$ 71.4 billion, behind Google with US$ 86.1 billion and Microsoft, with US$ 70.8 billion. Millward Brown Optimor is a global market research and consulting firm that identifies the world’s most powerful brands as measured by their dollar value. Africa contributed US$ 2.5 billion to the company’s total revenue of US$ 172 billion in 2007. This revenue growth was driven by GE’s participation in energy, oil and gas, water processing and healthcare. GE has set up a regional office in Kenya to serve its customers, including Kenya Airways, Kenya Railways and the Aga Khan Hospital among others. Other GE locations in Africa are South Africa, Nigeria, Angola, Algeria and Egypt. GE is also present in other African countries through joint ventures and its wide network of distributors. Panapress. en.afrik.com

To: Wharf Rat who wrote (7657)	5/17/2008 5:19:45 AM
From: Wharf Rat	Read Replies (2) \| Respond to of 24213

Siemens to supply 140 wind turbines for the world’s largest offshore wind farm Siemens Energy has received an order for the supply of 140 wind turbines for the world’s largest offshore wind farm Greater Gabbard located 25 kilometers off the coast of Suffolk in Great Britain 14 May 2008 , Erlangen : Siemens Energy has received an order for the supply of 140 wind turbines for the world’s largest offshore wind farm Greater Gabbard located 25 kilometers off the coast of Suffolk in Great Britain. The order includes also a 5 year service and warranty agreement. The purchaser is Greater Gabbard Offshore Winds Ltd, owned by Scottish and Southern Energy plc (SSE). The delivery of these turbines is scheduled in 2009 and 2010. The order volume for Siemens Energy is approximately EUR800 million. “Siemens is delighted to have signed this prestigious order with SSE as this marks a major milestone in the offshore business for Siemens as the clear market leader in the offshore wind energy business,” said René Umlauft, CEO of the Siemens’ Division Renewable Energy. The Siemens Energy Sector is the world’s leading supplier of a complete spectrum of products, services and solutions for the generation, transmission and distribution of power and for the extraction, conversion and transport of oil and gas. In fiscal 2007 (ended September 30, based on IFRS), the Energy Sector had revenues of approximately EUR20 billion and received new orders totaling around EUR28 billion and posted a profit of EUR1.8 billion. The Energy Sector had a work force of 73,500 at the beginning of fiscal 2008. Further information is available at: www.siemens.com/energy. All figures represent the sum of the nonconsolidated figures for the Power Generation and Power Transmission and Distribution Groups and for the Oil, Gas and Marine Solutions Division of the Industrial Solutions and Services Group. prdomain.com