18 Nov '11, 1pm

GE To Power Mongolia’s First Wind Farm

GE To Power Mongolia’s First Wind Farm

General Electric (GE) announced yesterday that it had signed an agreement with Newcom LLC to provide Mongolia with the technology and supplies to build its very first wind farm. The $100-million project will be situated some 70 kilometres southeast of Mongolia’s capital city, Ulaanbaatar, and is set to finish construction and open sometime in 2012. Newcom is one of the leading investment companies in Mongolia, and it was only in 2010 that the two companies signed a ‘memorandum of understanding’ that would see GE and Newcom search for alliances in key areas such as energy, water, mining, aviation, railway, lighting, and healthcare. “This is a milestone in the development of GE’s relationship with Mongolia and our teaming with Newcom,” said Vice Chairman and CEO of GE’s Global Growth & Operations John Rice. “We are introducing advanced technology that paves the way for renew...

Full article: http://cleantechnica.com/2011/11/18/ge-to-power-mongolia%...

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