GE, Abu Dhabi fund strike global partnership
GE and Mubadala Development Co. plan to each allocate $4-billion (US) in equity to the commercial finance venture over three years.
Mubadala is a sovereign fund based in Abu Dhabi, the capital of the United Arab Emirates.
Related News
Ontario Reducing Burden on Industrial Electricity Ratepayers
TORONTO - Ontario's government is pursuing burden reduction measures for industrial electricity ratepayers to help businesses compete, and stimulate growth and investment.
Over the next year, Ontario will help industrial electricity ratepayers focus on their businesses instead of their electricity management practices by establishing an energy concierge service to provide businesses with better customer service and easier access to information about electricity pricing and connection processes.
Ontario is also tasking the Independent Electricity System Operator (IESO) to review and report back on its billing, settlement and customer service processes. This includes identifying opportunities to:
Improve and simplify industrial electricity bills;
Review how the monthly…
