GE picks Indonesia to launch $1.4 billion new business

American technology company General Electric (GE) Co. has stated that it has chosen Indonesia as the country in which to launch its US$1.4 billion distributed power business, which concentrates on smaller-scale energy generation.

GE officially introduced its distributed power business in Jakarta on Tuesday to tap into the archipelago’s future energy blueprint.

GE vice chairman John G. Rice pointed out that Indonesia was “the perfect place” to develop distributed power technology given that roughly a quarter of the 240 million people living across the archipelago of at least 9,000 islands had no access to electricity.

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Posted February 27, 2014 by repit in News

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