Wednesday, February 21, 2007

GE Brings ecomagination to India

New Delhi: General Electric Company (GE) today announced the launch of the company’s innovative ecomagination initiative in India -- designed to bring to market new technologies that will help customers address their most pressing environmental challenges such as the need for cleaner, more efficient sources of energy, reduced emissions and abundant sources of clean water.
The ecomagination initiative was launched in New Delhi by John Rice, GE Vice Chairman and President & CEO,GE Infrastructure and Lorraine Bolsinger, Vice President, Ecomagination.
On the occasion, the company signed an MoU with Air India that will help the airline achieve its goal of becoming an environmentally sustainable airline, with sound environmental programs and practices.
GE engines to save
Air India $150 million

New Delhi: Air India will be saving $150
million over 15 years by mounting advanced
General Electric (GE) engines GE90-115B
on its 27 Boeing 777-300ERs aircraft. The
Ecomagination range of engines allow better
fuel efficiency and lower operating costs.
V Thulasidas, CMD, Air India said: “We
are spending large amounts on aviation
turbine fuel (ATF), which accounts for over
35 per cent of our operating costs. We have
bought the best airframes and new generation
engines to become one of the most efficient
airline with lowest operating costs.”
Thulasidas also signed a memorandum of
understanding with GE for a broad-based
environment-friendly initiative for the
entire operations of the airline.
Its headquarters at Nariman Point, Mumbai,
will be turned into a Green Building and
its maintenance and repair operations will
also be bought under GE’s Ecomagination
21/02/07 Business Standard >>
This first-of-its-kind partnership with Air-India will see GE delivering aircraft engines from its ecomagination portfolio including GE90-115B engines for the Boeing 777-300ERs and the GEnx engines for the Boeing 787-800 aircraft ordered by Air India. The value of these orders from Air India is over $2.2 billion. Beyond aircraft engines, to help Air India position itself as an environment friendly airline, GE will partner in other areas such as – green building, in flight content creation, co-branding etc.
GE also announced the signing of an MoU for a Green Building Project with Haryana Technology Park. Under the MoU, GE India and Haryana Technology Park will collaborate in a number of initiatives to create a truly green building project of world standards specifically in the areas of utility services like power generation & distribution, lighting, water treatment, security, sensing equipment and other environmentally friendly solutions.
environment-friendly technologies. I commend GE for taking this initiative and hope others will follow.”
GE said that it was targeting over US$ 1 billion per year in revenues from ecomagination products in India by 2010. GE also announced that it will invest up to US$150 million in “eco-related” research & development funds at its Technology Center in Bangalore over the next five years.
20/02/07 Business Wire (press release), US
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