Mongolian Wind Farm to Use GE Turbines - WSJ.com: "SHANGHAI—General Electric Co. on Thursday said its turbines will be used on a Mongolian wind farm being built by Newcom LLC, a diversified company based in the northeast Asian country.
In a statement, GE estimated the cost of the Salkhit Wind Farm at $100 million but didn't put a value on the turbines themselves. The Fairfield, Conn., conglomerate described the deal as its "entry to Mongolia" and "a strategic move."
The economy of coal-rich Mongolia is sizzling. Thursday's statement said that despite Mongolia's huge deposits of coal, the nation is committed to boosting its use of clean-energy generation."
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