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GE (GE) signs an MOU to invest $10B in new power plants in Nigeria, a government spokesman says,...
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Monday, March 26, 2012, 8:34 AM ETGE (GE) signs an MOU to invest $10B in new power plants in Nigeria, a government spokesman says, as the country looks to upgrade its dilapidated and woefully inadequate electricity infrastructure. GE will receive a 10%-15% stake in the facilities in return for the investment, which one assumes isn't being made in response to a spam email from a Nigerian prince.
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