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General Electric to form joint venture with Shenhua Group Corporation

Posted on: Tue, 17 Nov 2009 14:22:00 EST

Symbols: GE

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Nov 17, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
GE | Quote | Chart | News | PowerRating -- General Electric Company (GE), a US-based industrial conglomerate, has signed a memorandum of understanding to form a joint venture with Shenhua Group Corporation Limited, a China-based coal company, to develop and promote clean coal technology.

The collaboration combine GE's expertise in gasification and cleaner power generation technology with Shenhua's expertise in building and operating coal gasification and coal-fired power generation facilities.

Both the companies are planning to set up a company by mid-2010 to improve the cost and performance of commercial-scale gasification and integrated gasification combined cycle, or IGCC, power plants.

Deal Type    Partnership
Sub-Category Joint Venture
Deal Status  Announced: 2009-11-17

Deal Participants

Partner 1 (Company) Shenhua Group Corporation Limited
Partner 2 (Company) General Electric Company

For full details on General Electric Co (GE) GE. General Electric Co (GE) has Short Term PowerRatings at TradingMarkets. Details on General Electric Co (GE) Short Term PowerRatings is available at This Link.

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