Investor says it never made deal with ZAP cars
A spokesman for GE Capital said there was no financial commitment made to California-based ZAP or its partner, Integrity Manufacturing of Shepherdsville.
Stephen White says reports that Norwalk, Conn.-based GE Capital had pulled out of the project are false because GE Capital had not made a proposal to fund it.
White told the Lexington Herald-Leader and The Associated Press there was never a signed contract.
Randall Waldman, chief executive officer of Integrity, told the Herald-Leader he thought he had a verbal commitment for $125 million from GE Capital for the project and was later told there would be no funding.
Gov. Steve Beshear said in August the proposed plant would employ 4,000 workers.
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PARIS - The expense of hydroelectricity is moderately low, making it a serious wellspring of sustainable power. The hydro station burns-through no water, dissimilar to coal or gas plants. The commonplace expense of power from a hydro station bigger than 10 megawatts is 3 to 5 US pennies for every kilowatt hour. With a dam and supply it is likewise an adaptable wellspring of power, since the sum delivered by the station can be shifted up or down quickly (as meager as a couple of moments) to adjust to changing energy requests.
When a hydroelectric complex is developed, the task creates…
