GE’s Power Contracts ( BUY )

General Electric Co. (GE: 14.6515 +0.0315 +0.22%) entered into a five-year service deal with the Tennessee Valley Authority (”TVA”) to work together as a single entity and meet the strategic requirements of TVA. As per the deal, valued at $116 million, General Electric will provide its services to four power plants of TVA, the largest public power provider in southeastern states of US, serving approximately 9 million customers.
 
The company will work on Brown’s Ferry nuclear plant, the Paradise plant, the Bull Run plant and Widow’s Creek fossil (steam) plant, aiding to achieve reliable, sustainable, and economical means of efficient power supply system. Experts from General Electric will provide an on-site service to meet instantly any requisite on the plants, working under the supervision of senior management teams from both companies.
 
Recently, the company also entered into a long-term agreement with a South Korean company, Doosan Heavy Industries & Construction Co. Ltd, to develop steam generators with large capacity for the country’s next-generation nuclear reactors. The companies have already been working in collaboration for the past 34 years on nuclear and fossil steam turbine and generator projects, installing plants generating about 19 gigawatts of fossil and 14 gigawatts of nuclear power in the country. The companies have also been preparing better and more resourceful ultra-supercritical large fossil designs.
 
General Electric is engaged in approximately 600 projects worldwide with long-term service agreements, providing repair and on-field services as well as products for turbine-generators and auxiliary equipment. The company’s performance guaranteed services aid its clients to generate steady revenue from economically driven power plants. General Electric’s projects focus to achieve low-CO2 power generation, an important environmental requirement worldwide.
 

General Electric has one of the best infrastructure franchises worldwide with solid organic growth rates, exposure to favorable secular trends and a large installed base supporting a growing annuity-like service business. Infrastructure businesses from the company are helping to build energy, health, transportation and technology infrastructure of the new century. These businesses provide products and services that help the developing regions to participate in the global economy, while also assisting developed regions to upgrade with cleaner, more efficient and better infrastructure technologies.

 
However, the company’s global expansion is subject to economic and political risks pertaining to various operating geographies.
 
Operating in more than 100 countries globally and employing about 300,000 people worldwide, General Electric Co. is a diversified infrastructure, finance and media company.  Within the energy sector, the company aims to develop and install technology for the efficient use of natural resources. The major competitors of General Electric are Honeywell International Inc. (HON: 40.40 +0.05 +0.12%),Siemens AG (SI: 93.88 -1.31 -1.38%) and United Technologies Corp. (UTX: 66.61 +0.22 +0.33%).

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