Business – Mitsubishi, GE Considering Power-turbine Business Tie-up

Chris Oliver

HONG KONG — Mitsubishi Heavy Industries Ltd. and General Electric Co. will work together in the power-plant turbine business, according to news reports Friday, which cited a Mitsubishi statement. The plans currently being discussed are for a joint venture that would handle design and development of a “next generation” steam turbine for combined-cycle power plants. The collaboration could also see development of turbines for use in nuclear power plants and green technologies such as wind-power generation.