GE launches Ecomagination in India
GE finally launched its Ecomagination initiative in India last month, nearly two years after the company first announced that it was hitching its future to the growth of clean energy, clean water, and other clean technologies through a commitment to what it called 'ecomagination.'
"The ecomagination initiative was launched in New Delhi by John Rice, GE vice chairman and president & CEO, GE Infrastructure as well as Lorraine Bolsinger, vice president, ecomagination in the presence of Kapil Sibal, minister for science and technology, Government of India."
A range of new and existing initiatives were showcased at the function.
Green Buildings and Aircraft Engines
An MoU was signed between GE and Haryana Technology Park to launch a green building project in the state, under which the two will, "collaborate in a number of initiatives to create a truly green building project of world standards specifically in the areas of utility services like power generation and distribution, lighting, water treatment, security, sensing equipment and other environmentally friendly solutions."
At the function GE announced the sale of aircraft engines from its ecomagination portfolio to Air India for the aircraft it has ordered, in a deal valued at over $2.2 bn. In addition, GE will help Air India in its initiative to become an environmentally sustainable airline with sound environmental programs and practices including green buildings.
Revenue and Investment
While targeting $1 bn annually from its ecomagination products by 2010, GE also said they would invest $150 mn into R&D on eco-friendly technologies at its technology center in Bangalore.
Existing products
Despite the late launch of the initiative, some GE Ecomagination products are already installed and running in India.
Rural Electrification: "Through the GE rural electrification program, GE Energy is providing Malavalli Power Plant Private Limited (MPPL) with 30 Jenbacher JMS320 engines, which will be used to generate combined heat and power to meet electrical, refrigeration and heating needs within rural communities. The Jenbacher engines operate on a variety of alternative or specialty fuels including biogas, crop residue, municipal solid waste, landfill, coal mine methane and industrial waste gases."
Water Purification: "GE has also developed a solar-powered fresh water purification system, which combines solar technology with salt and particulate-reducing water purification systems."
Wood Replacement in Railway Coaches: "For the interiors of railway coaches, the Indian Railways have chosen GE's Lexan 953R, pre-coloured Blue, because of its re-cyclability, aesthetics, high strength and conformance to the flame retardant, low smoke emission standards."