US General Electric invests USD 1 bln in Angola

Luanda – American business group General Electric will invest USD 1 billion in Angola in the areas of electricity, transport, oil, gas and health, announced Wednesday in Luanda the company’s CEO, Jeff Immelt.

Jeff Immelt was speaking to the press at the end of an audience granted by the head of State, Jose Eduardo dos Santos.

According to him, GE will work to increase the country’s power grid from 1.5 to 2 Megawatts.

He explained that the audience with the Statesman served to update information on the projects the General Electric is developing in Angola, particularly in the energy and transportation sectors.

The CEO also pledged that his company will deliver 100 locomotives to help the country in the transportation of goods, the exploration and production of gas.

In January 2015, Jeff Immelt was received by the Angolan President, with whom he addressed aspects related to investments and projects of this business group in Angola.

General Electric is a US multinational and technology service company founded by Thomas Edison in 1878 under the name Edison Electric Light Company.

Source: Angola Press News Agency