Yahoo Finance General Electric (GE) Brings Iberdrola's Power Plant Online
General Electric Company’s GE unit, GE Vernova (combined operations of GE Digital, Renewable Energy and GE Power), has announced that Iberdrola Mexico’s Topolobampo III power plant has begun its commercial operation.
Located in Mexico’s Sinaloa state, near the Topolobampo natural gas pipeline, the Topolobampo III facility is equipped with two GE’s 7HA.01 gas turbines, three H53 generators, D650 steam turbine and state-of-the-art plant control systems with GE's integrated Mark VIe Distributed Control System. CERREY, GE’s local heat recovery steam generator (HRSG) technology licensee, provided two HRSGs that are in use in the facility. The power plant can produce electricity of approximately 766 megawatts, which is capable of powering more than 1.6 million Mexican homes.
The GE equipment package will utilize real-time data to provide better outcomes, thus supporting steady and efficient operations. It will help the power plant enhance reliability, asset visibility, availability and lower operating and maintenance costs as well.
GEIQ, GE’s advanced engineering center located in Queretaro, Mexico, has provided the required engineering assistance to the power plant. The region’s local engineers provided support for the commissioning of the plant and will also be responsible for offering aftermarket operations.
Zacks Rank
General Electric currently sports a Zacks Rank #1 (Strong Buy). The company is benefiting from the strong performance of the Aerospace segment due to robust demand and solid execution in commercial engines and services. Also, after months of softness, a rebound in demand in the Power segment augurs well for General Electric. Strength in GE Gas Power’s heavy-duty gas turbines is aiding the Power segment.
Price Performance
In the past year, the GE stock surged 76.6% compared with the industry’s 1.3% growth.
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General Electric Company (GE) : Free Stock Analysis Report
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