On Thursday, Shares of General Electric Company (NYSE:GE), gained 0.45% to $26.78.
Soon after being chosen as the site for the 2008 Olympics™, China began building the infrastructure to power the games. The cornerstone of the $40 billion plan was the Taiyanggong Thermal Power Station, capable of powering about 780,000 homes while having some of the lowest emissions of any power plant in the country.
The 780-megawatt natural gas-fired plant in Beijing was the first step in an effort to improve electricity generation facilities and reduce greenhouse gas emissions across the country. In Beijing alone, the government embarked on a $20 billion program to improve the city’s environmental quality.
Less than a decade after Taiyanggong came online, China has taken the first steps to reduce the operational costs and environmental impact of existing plants. It selected GE (GE) Power Generation Services to upgrade and rebuild two gas turbines at the Taiyanggong plant. The project will result in combustion systems that are simpler and more flexible in terms of fuel used to generate electricity. In addition, the agreement calls for GE to provide maintenance through 2025, a first-of-its-kind service model that sets an example for Chinese utilities looking to reduce their operational costs and environmental impact of existing power plants.
Having electrified much of the country by the turn of the century, China now is working to make its power infrastructure cleaner and more efficient.
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.
Shares of CONSOL Energy Inc. (NYSE:CNX), inclined 4.11% to $21.79, during its last trading session.
CONSOL Energy, will issue its second quarter earnings release at 6:45 a.m. Eastern Time on Tuesday, July 28. This will be followed by a conference call at 10:00 a.m. Eastern Time.
CONSOL Energy Inc., together with its auxiliaries, operates as an integrated energy company in the United States and internationally. The company operates through two divisions, Exploration and Production (E&P), and Coal. The E&P division produces pipeline quality natural gas primarily to gas wholesalers.
Finally, Danaher Corp. (NYSE:DHR), ended its last trade with 0.53% gain, and closed at $86.80.
Danaher Corporation, declared that its wholly-owned partner, DH Europe Finance S.A., has priced an offering of:
- €500 million principal amount of floating rate senior notes due 2017 at an offering price of 100.000% of the principal amount;
- €600 million principal amount of 1.000% senior notes due 2019 at an offering price of 99.696% of the principal amount;
- €800 million principal amount of 1.700% senior notes due 2022 at an offering price of 99.651% of the principal amount; and
- €800 million principal amount of 2.500% senior notes due 2025 at an offering price of 99.878% of the principal amount.
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company’s Test & Measurement segment provides test, measurement, and monitoring products that are used in electronic design, manufacturing, and technology development; hardware and software solutions to deploy, manage, and secure communication network technologies and services; and tools, toolboxes, and automotive maintenance equipment.
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