09/12/2011 (Stocks & Shares) - General Electric (NYSE:GE) and Sinergi Perdana Sdn Bhd have signed a contract

The US based energy company General Electric (NYSE:GE) and Sinergi Perdana Sdn Bhd have signed a contract to explore joint opportunities to expand renewable energy initiatives, with the primary aim of developing efficient operations in the palm oil manufacturing.

Stuart Dean, GE Asean chief executive officer, “the agreement was a demonstration of GE’s role in supporting the growth of the Palm Oil National Key Economic Area in a sustainable and eco-friendly manner. By combining General Electric (NYSE:GE)’s strength as a global solutions provider for alternative energy applications, with Sinergi Perdana, which comprises the nation’s biggest plantation agencies. We aim to help convert waste to wealth to support the growth of the local palm oil industry.”

General Electric Co. (NYSE:GE) shares were at 16.74 at the end of the last day’s trading. There’s been a 6.0% change in the stock price over the past 3 months.