The expectation of reciprocity is fair: Jerome Pecresse, CEO, GE Renewable Energy

The expectation of reciprocity is fair: Jerome Pecresse, CEO, GE Renewable Energy

In an interview with ET, GE Renewable Energy CEO Jerome Pecresse said reciprocity was a fair idea. He also spoke about GE’s renewable energy business in India and said the worldwide trend of auctioning projects. Excerpts:

Why is GE India’s market share in the country’s wind turbine business fairly low, well behind Spain’s
Gamesa as well as Indian companies like Suzlon and Inox Wind?

We have been less active than others in project development. Taking up projects at an initial stage and bringing them to development wasn’t part of GE’s strategy. But we are now investing in project development. We will continue to introduce new turbines for the Indian market. Last year was better than the year before. This year will be better than both previous years. We have a three-pronged strategy — we will continue project development adapted to Indian business, project development, and we will leverage what we call the ‘GE store’ of high-tech products.

Are there any plans to increase renewable energy investment at the Pune plant?
The GE Pune facility is a great facility across GE businesses. We call it a multi-modal factory, which means it is a world class facility, where we manufacture systems and components for wind turbines, for the transportation business, for the oil on and gas business and so forth. It is a world-class facility and can be scaled whenever required to serve the Indian market. There are no constraints. After the LM Wind Power acquisition, GE employs a total of 18,500 people in India. The local capabilities we have are very strong. We have engineering strengths that are unique. Of our components, the systems, the sourcing that we do, a very high percentage is localised. We have a commitment to operate and grow local capabilities.Read more

Credit- The Economic Times

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