GE Power chief sees financing hurdles to US$8b sales haul
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New York
THE head of General Electric Co's (GE) power business sees more than US$8 billion of sales opportunities around the globe facing possible delays as energy projects search for financing in a capital-constrained world.
The stalled resumption of the US Export-Import Bank is adding to the challenge as more customers are looking for funding, GE Power CEO Steve Bolze said. Companies in the Middle East increasingly are looking at loans amid falling commodity prices, he said. "Financing is a big deal on a lot of transactions happening in the world. You're in a slower growth, volatile world, so people have to get some external financing."
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