General Electric invests more than USD 200 mln in Russian Winter Olympic Games
General Electric, a multi-profile international energy and electricity company, plans to invest more than USD 200 mln in Russian Sochi for the 2014 Winter Olympic Games.
“Half the investments, are energy and electricity projects, all of which will be built from scratch,” said Jeff Immelt, GE’s managing director as cited by Kommersant.
GE will build two gas turbines, powered with LMS100 avaition engines to ensure uninterrupted power supply for the games.
The power turbines in Sochi are part of GE?s contract with the International Olympic Committee signed 2006, valued at USD 1 bln. The contract covers four turbines for four consequent Olympic games, the first contract was completed for the London 2012 games.