GE Chairman And CEO, Jeff Immelt’s Statement On The Power Africa Initiative

This week, during President Obama’s trip to Africa, the White House announced Power Africa, a new initiative to double access to power in sub-Saharan Africa. Power Africa will work in collaboration with U.S. and African partners to ensure the path forward on power generation. The initiative maximizes the benefits to the people of Africa, while also ensuring that development proceeds in a timely, financially sound, inclusive, transparent and environmentally sustainable manner.

Today, GE Chairman and CEO Jeff Immelt issued the following statement:

“With seven in ten people in Africa still lacking access to modern electricity, reliable power is critical to unlocking the region’s economic and human potential. GE supports the Power Africa Initiative which provides leadership in addressing this vital need—a win for economic development in both Africa and the U.S. GE is committed to continuing to deepen our engagement and investment in Africa’s future in critical sectors like power-generation, transportation, and healthcare.”

About GE

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

Copyright Business Wire 2010

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