Tag: deal

Israel to shift power supply to PA in $775M deal

Israel, Jerusalem: Israel’s public utility, the Israel Electric Corporation (IEC), is set to transfer much of the West Bank’s power supply to the Palestinian Authority (PA), in a deal worth $775 million.

GE wins EU approval for its $14 billion Alstom deal

Belgium, Brussels: General Electric has won EU approval for its €12.4 billion ($13.9 billion) acquisition of Alstom's power business after agreeing to sell some of the French company's turbine assets to Italian rival Ansaldo Energia.