Brazilian Power Cos. Move to Replace GE Transformers -Reuters
July 01 2019 - 6:48PM
Dow Jones News
--Several Brazilian power companies have begun replacing
transformers made by General Electric Co. (GE), after a number of
explosions caused the country's grid operator to recommend removing
the equipment, Reuters reports Monday.
--Several companies have begun to tender offers for replacement
units or are actively replacing the units now, the report said.
--General Electric said "GE Grid Solutions performed a series of
checks in the equipment with its clients and, as of this moment,
there is no evidence that the problems were caused by the design,
components or production processes," according to the report.
--There are about 700 of GE's CTH-550 transformers used in the
Brazilian power grid, the report said.
Full story:
https://www.reuters.com/article/us-brazil-power-ge/after-explosions-brazil-power-transmission-companies-remove-ge-equipment-idUSKCN1TW3X7?il=0
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
July 01, 2019 18:33 ET (22:33 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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