Pakistan: GE announces $50 million investment plan

LAHORE:

General Electric (GE) Chairman and CEO Jeffrey Immelt announced three significant investments in Pakistan, valued at over $50 million, as the company aims to strengthen digitisation and enhance local capabilities of GE Pakistan and help develop new projects in the energy sector.

Announced on the sidelines of Immelt’s visit, the new investments include setting up of a dedicated technology and digital centre in addition to investment in local manufacturing and clean energy projects. GE Pakistan President and CEO Sarim Sheikh said that Pakistan’s young and vibrant talent pool of software professionals is uniquely positioned to leverage the opportunity.

Sheikh further added that GE’s Advanced Gas Path solution is being installed on three 9E gas turbines at K-Electric’s Bin Qasim II Power Plant, which is expected to boost output and increase fuel efficiency.

Published in The Express Tribune, November 5^th, 2015.

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