American energy giant General Electric (GE) announced on Thursday that it has joined forces with two local companies to continue to develop electricity solutions in Myanmar.
GE signed a Memoranda of Understanding with Lighting Co Specialist Pte Ltd to develop lighting solutions. The company also made a deal with Partners Associates to create storage solutions for the local telecommunications industry.
"GE has the technology and solutions to contribute to efforts planned to accelerate Myanmar's economic competitiveness," said Stuart Dean, CEO of GE Asean at an event at Yangon's Chatrium Hotel to celebrate the signings.
"[This] reflects our commitment long-term to grow with Myanmar and to partner with local corporates and government to solve the tough challenges faced in infrastructure, development, healthcare, power generation and transportation," said Dean.
The company opened its first office in Myanmar on Wednesday and expects to announce two further deals with Myanmar companies over the coming weeks.
