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GE Wins Orders for Wind Turbines in Brazil, Gas Plants in Iraq

Dec. 6 (Bloomberg) -- General Electric Co., the world’s biggest provider of power-generation equipment, won orders for more than 400 megawatts of wind turbines in an auction in Brazil and three gas generators to expand a plant in Iraq.

The buyers of GE’s 1.5-megawatt and 1.6-megawatt wind turbines in Brazil’s second alternative energy auction include Renova Energia SA, Dobreve Energia SA, ContourGlobal LLC and Bioenergy, Fairfield, Connecticut-based GE said today in a statement. The prices were not disclosed.

Mass Global Electric Co. agreed to buy three natural gas turbines for a 375-megawatt expansion of the Arbil power plant in Iraq’s Kurdistan region, GE said today in a separate statement. The order is in addition to Mass Global’s plans to increase generating capacity by 2,200 megawatts in the region.

GE Chief Executive Officer Jeffrey Immelt is tapping faster-growing emerging-markets such as Brazil and the Middle East to bolster sales. GE said in November it plans to invest $200 million to develop wind-turbine and energy technology in Brazil as it expands operations in the nation. Last year it announced a technology center in Saudi Arabia.

The Middle East remains one of the company’s most rapidly-growing energy markets, with contracts exceeding $11 billion over the past two years.

In addition to power-generation equipment, GE is the world’s biggest maker of medical-imaging equipment, jet engines and locomotives.

To contact the reporter on this story: Christopher Martin in New York at cmartin11@bloomberg.net.

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net.

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