GE signs Pakistan MoU

General Electric has signed a memorandum of understanding (MoU) with the government of Pakistan to help promote the modernisation of the country’s infrastructure and economy.

“General Electric is helping build the energy, water, transportation and technology infrastructure of the new century,” said Nani Beccalli-Falco, president and chief executive officer of GE International. “There are huge synergies between the products and services GE businesses provide in energy and infrastructure and the needs and goals of Pakistan to modernise its economy with cleaner, more efficient and better infrastructure technologies.”

According to the MOU's terms, GE will assist the Government of Pakistan in achieving its goals by engaging in Pakistan's energy, transportation and water sectors and will work to identify potential sources of funding and explore potential investment opportunities in those sectors.

GE has similar agreements with a number of other governments, including Kazakhstan, Nigeria, Qatar and the province of Ontario, Canada.