General Electric Company (NYSE:GE) entered into a Clean Coal Technology agreement to acquire AMU POWER Company Limited from Centum Investment Company Limited and Gulf Energy Limited.

General Electric Company (NYSE:GE) entered into a Clean Coal Technology agreement to acquire AMU POWER Company Limited from Centum Investment Company Limited (NASE:ICDC) and Gulf Energy Limited on May 16, 2018. As per the agreement, GE through its affiliates acquire a stake in the equity of Amu Power. Upon completion, Amu Power will be the single largest Independent Power Producer (IPP) in the region and will account for up to 30% of power generation capacity in Kenya.

The transaction is subject to obtaining regulatory, board and lenders' approval.