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GE to Provide Digital Solutions for Pakistan Power Plant
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General Electric Company (GE - Free Report) , a leading industrial goods manufacturer, recently inked a deal with The Hub Power Company (Hubco), Pakistan’s largest independent power producer, to provide digital industrial solutions for the 1,292-megawatt (MW) Hubco Power Plant situated in Baluchistan, Pakistan. Commissioned in 1997, the plant operates four 323-MW generating units.
The Hubco Power Plant is the largest independent steam power plant in Pakistan contributing power to the national grid. The plant generates over 1,600 MW of electricity. The company is currently actively working on establishing an imported coal based 2x660 MW power project.
GE Digital Solutions
General Electric’s digital solutions once put into practice at the Hubco Power Plant will enhance the consistency of its operations. The system will be powered by Predix, GE’s most reliable cloud-based operating system built exclusively for industrial purpose.
General Electric’s Digital Power Plant consists of a set of software solutions that can facilitate Hubco’s power plant operators analyze and monitor operations across every touchpoint in real time and assist in identifying any maintenance issues before any snag. This system will help improve the plant’s efficiency and reduce downtime. This deal marks yet another chapter in the company’s relationship with Pakistan to deliver better productivity and outcome for its customers.
The company has constantly supported Pakistan’s energy sector by providing both hardware and software solutions. This agreement with Hubco marks General Electric’s sixth deployment of its advanced digital industrial solutions across the country.
Per industry experts, companies that accept digitization will yield $1.3 trillion in value formation between now and 2025, while $90 billion is likely to be invested in the energy industry’s digitization by 2020. The numbers reveal the immense scope General Electric has in the digitization of the energy market given its expertise and longstanding experience in this arena.
General Electric carries a Zacks Rank #3 (Hold). Some better-ranked stocks include WageWorks, Inc. , ExamWorks Group, Inc. and Koninklijke KPN N.V. (KKPNF - Free Report) . All three stocks carry a Zacks Rank #2 (Buy).
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GE to Provide Digital Solutions for Pakistan Power Plant
General Electric Company (GE - Free Report) , a leading industrial goods manufacturer, recently inked a deal with The Hub Power Company (Hubco), Pakistan’s largest independent power producer, to provide digital industrial solutions for the 1,292-megawatt (MW) Hubco Power Plant situated in Baluchistan, Pakistan. Commissioned in 1997, the plant operates four 323-MW generating units.
The Hubco Power Plant is the largest independent steam power plant in Pakistan contributing power to the national grid. The plant generates over 1,600 MW of electricity. The company is currently actively working on establishing an imported coal based 2x660 MW power project.
GE Digital Solutions
General Electric’s digital solutions once put into practice at the Hubco Power Plant will enhance the consistency of its operations. The system will be powered by Predix, GE’s most reliable cloud-based operating system built exclusively for industrial purpose.
General Electric’s Digital Power Plant consists of a set of software solutions that can facilitate Hubco’s power plant operators analyze and monitor operations across every touchpoint in real time and assist in identifying any maintenance issues before any snag. This system will help improve the plant’s efficiency and reduce downtime. This deal marks yet another chapter in the company’s relationship with Pakistan to deliver better productivity and outcome for its customers.
The company has constantly supported Pakistan’s energy sector by providing both hardware and software solutions. This agreement with Hubco marks General Electric’s sixth deployment of its advanced digital industrial solutions across the country.
GENL ELECTRIC Price
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Digitizing Energy
Per industry experts, companies that accept digitization will yield $1.3 trillion in value formation between now and 2025, while $90 billion is likely to be invested in the energy industry’s digitization by 2020. The numbers reveal the immense scope General Electric has in the digitization of the energy market given its expertise and longstanding experience in this arena.
General Electric carries a Zacks Rank #3 (Hold). Some better-ranked stocks include WageWorks, Inc. , ExamWorks Group, Inc. and Koninklijke KPN N.V. (KKPNF - Free Report) . All three stocks carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>