Partners with INTER RAO UES and UEC in Energy, with RUSSIAN TECHNOLOGIES in Healthcare

GE expands presence in fast-growing Russian healthcare and energy markets
Sochi, Russia, September 16, 2011 – Today, GE expanded its position in one of the world’s fastest growing markets by finalizing agreements to set up two new joint ventures in Russia which could drive $10 - $15 billion in sales. Under the new JVs, we anticipate orders of energy-efficient heavy-duty gas-fired power generation turbines with total capacity up to 5 gigawatts of power as well as thousands of high-tech medical diagnostic units in Russia.

The JVs will accelerate development of the Russian electrical generation and health care sectors. Russian Prime Minister Vladimir Putin attended the signing ceremony which took place during the 10thInternational Investment Forum underway this week in Sochi, Russia.

The Energy JV agreement was signed by GE Chairman and CEO Jeffrey Immelt, INTER RAO UES Management Board...