Sunday November 18, 02:22 PM
General Electric to build power stations in Turkmenistan: state media
ASHGABAT (AFP) - US company General Electric (NYSE: GE - news) has been asked to build two power stations in Turkmenistan, state media said Sunday, in the latest sign the reclusive Central Asian state is opening up to Western firms.
"President Gurbanguly Berdymukhamedov has given the American partners a concrete task: build two new power stations in Ashgabat," Vatan television reported.
The government had discussed modernising the "entire electrical system" with an official from General Electric, the report said.
Top European Union and US energy (USEG - news) officials were in Turkmenistan on Thursday to discuss foreign investment in the energy sector of the gas-rich ex-Soviet nation.
Foreign investors have been paying increased attention to Turkmenistan since the death last December of eccentric dictator Saparmurat Niyazov.
His successor Berdymukhamedov has signalled he is open to closer relations with foreign investors.
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