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Benzinga
Benzinga
Business
Akanksha Bakshi

GE Secures Order For Six Gas Turbine Packages; Alliance Airlines Expands Relationship With GE Digital

  • General Electric Co (NYSE:GEreceived an order from Taiwan Power Company (TPC) for six of its advanced LM2500XPRESS gas turbine packages aiming to provide a rapid, highly modular technology. Financial terms were not disclosed.
  • GE expects to build TPC's 175 megawatts (MW) Tung Hsiao Power Plant Renewal Project gas plant in less than 10 months from the order, with a targeted official dispatch date expected before December 31, 2022.
  • Separately, GE announced that Alliance Airlines had selected Fuel Insight to focus efforts on saving fuel burn with fast access to flight data. 
  • GE Digital's Fuel Insight is designed to provide fuel-saving dashboards that include real-time data for analysis.
  • Price Action: GE shares are trading higher by 0.29% at $90.00 on last check Monday.
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