GE to build R$60 million plant in Brazil’s Bahia
Reinaldo Garcia CEO and president of GE Latin America
General Electricplans to build a R$60 million plant in the northeastern Brazilian state of Bahia to assemble wind turbines as the market for wind power surges in the South American country, Reinaldo Garcia, head of the company’s operations in Latin America, said Wednesday.
The plant will be built during the next six to 12 months, Garcia told reporters in Rio de Janeiro.
Brazil has seen interest in wind-power projects take off over the past decade, and has been adding about 2,000 megawatts of new wind-power capacity every year as prices for wind power fall below the costs of other sources.
GE reportedly has secured about one-fifth of the supply contracts for those Brazilian wind farms.
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Richard Meijer
What I am doing: Besides running a privately hold real estate business I am blogging om MasterclassBrazil.com. MasterClass Brazil was set up to provide a one-stop source of deep-knowledge for the growing foreign business community in Brazil.
Why: Having been in Brazil for around 20 years, I have seen many big companies, expats and individuals failing miserably. I have burned myself once in Brazil, setting up ProgressOil, a company focused on the supply of Brazilian castor oil. I am now running a privately hold real estate business in Brazil.
From all these experiences I have learned a lot. Despite the fact that I speak the language reasonable well, have a strong network and understand the do's and don'ts better, I am absolutely not saying I am an expert or specialist. Everyday I am learning new things and I believe Brazil is changing in such a rapid pace that the only way to survive in Brazil is to generously absorb and understand the information available to you.
From my experience I have learned that there is a lot of information, facts and data about Brazil. I have set up MasterClassBrazil to structure this information so you can turn it in true knowledge, enabling you to be successful in your endeavors.
There is nothing in the world so rewarding as sharing expertise and knowledge.
Richard Meijer