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94-539: Turboatom is among the top ten turbine construction companies in the world, amongst other major companies such as General Electric , Siemens , Alstom , JSC Power Machines , Andritz Hydro , and Voith . On 1 May 1932, the first stage of the turbogenerator plant was commissioned. Its design capacity was consistent with production of 1.5 million kW per year of steam turbines. Four workshops were put into service: blade, tool, workshop of different parts and workshop of discs and diaphragms. Achievements in 1932 included: By

188-533: A $ 3 billion deal and also bought a $ 1.6 billion portfolio of retail credit cards from Citigroup Inc. On October 14, 2010, GE announced the acquisition of data migration & SCADA simulation specialists Opal Software. In December 2010, for the second time that year (after the Dresser acquisition), GE bought the oil sector company Wellstream , an oil pipe maker, for 800 million pounds ($ 1.3 billion). In March 2011, GE announced that it had completed

282-642: A Ponzi Scheme run by Bernard Madoff , accused General Electric of being a "bigger fraud than Enron," alleging $ 38 billion in accounting fraud. GE denied wrongdoing. On October 6, 2020, General Electric reported it received a Wells notice from the Securities and Exchange Commission stating the SEC may take civil action for possible violations of securities laws. Energoatom State Enterprise National Nuclear Energy Generating Company "Energoatom" ( SE NNEGC "Energoatom" ), commonly known as just Energoatom ,

376-505: A capacity of 30 MW for mining and chemical centers with experimental reactors. The first Kharkiv MK-30 turbine began operations in December 1958 in Tomsk . In the early 1970s, manufacture of turbines for nuclear power plants with a capacity of 500 MW was approved. This allowed a sharp reduction in capital expenditure on the construction of power plants. Turbines of this type are installed at: In

470-526: A controlling interest in the company, while GE would retain a 49% stake and would buy out shares owned by Vivendi. Vivendi would sell its 20% stake in NBCUniversal to GE for US$ 5.8 billion. Vivendi would sell 7.66% of NBCUniversal to GE for US$ 2 billion if the GE/Comcast deal was not completed by September 2010 and then sell the remaining 12.34% stake of NBCUniversal to GE for US$ 3.8 billion when

564-724: A decision regarding the transfer of the company, together with all its plants and nuclear power units, to the Paris Center of the WANO. The largest nuclear power plant in Ukraine and Europe. It is located near the steppe zone on the shore of the Kakhovka Reservoir. Over the years of its existence, it has produced more than 1.1 trillion kWh of electricity. It has its own dry storage facility for spent nuclear fuel (Dry SFSF). The first nuclear power plant in Ukraine with power water-cooled reactors of

658-577: A division of GE called GE Information Systems (GEIS). The new company, named GXS , is based in Gaithersburg, Maryland . GXS is a provider of business-to-business e-commerce solutions. GE maintains a minority stake in GXS. Also in 2002, GE Wind Energy was formed when GE bought the wind turbine manufacturing assets of Enron Wind after the Enron scandals . In 2004, GE bought 80% of Vivendi Universal Entertainment,

752-565: A few years later with Thomson-Houston Electric Company , led by Charles Coffin . In 1887, Hart left to become superintendent of the Edison Electric Company. General Electric was formed through the 1892 merger of Edison General Electric Company and Thomson-Houston Electric Company with the support of Drexel, Morgan & Co. The original plants of both companies continue to operate under the GE banner to this day. The General Electric business

846-462: A fifty-year period. In 2003 Energoatom announced an international tender to determine the company for construction of a centralized repository for spent nuclear fuel of dry type in Ukraine for previously mentioned NPPs. The US company Holtec International won the tender and at the end of 2005 signed an agreement on designing, licensing, construction and commissioning the repository designed for 100 years of storage. According to Ukrainian legislation,

940-507: A joint venture in steam turbines, plus a €3.1 billion cash investment. In June 2014, a formal offer from GE worth $ 17 billion was agreed by the Alstom board. Part of the transaction involved the French government taking a 20% stake in Alstom to help secure France's energy and transport interests and French jobs. A rival offer from Siemens Mitsubishi Heavy Industries was rejected. The acquisition

1034-658: A license from the U.S. Nuclear Regulatory Commission and was tested in the US, Spain , and Great Britain , implemented in Switzerland , China , and considered for implementation in Sweden . A dual-use character of the chosen technology for the CRSNF provides storage and transportation of spent fuel without additional equipment. The SNF storage system implies the following three functions: A double barrier of radioactive substances localization in

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1128-467: A long-time Edison supporter and investor, proposed to consolidate all of business interests. The proposal was supported by Samuel Insull - who served as his secretary and, later, financier - as well other investors. In 1889, Drexel, Morgan & Co. —a company founded by J.P. Morgan and Anthony J. Drexel —financed Edison's research and helped merge several of Edison's separate companies under one corporation, forming Edison General Electric Company, which

1222-509: A manufacturer of dynamos and large electric motors in Schenectady, New York ; Bergmann & Company, a manufacturer of electric lighting fixtures , sockets , and other electric lighting devices; and Edison Electric Light Company, the patent -holding company and financial arm for Edison's lighting experiments, backed by J. P. Morgan (1837–1913) and the Vanderbilt family . Henry Villard,

1316-481: A number of Ukrainian nuclear power plants . In 2017, the National Reforms Council floated the idea that Turboatom could be privatized. At that time, the state held a controlling stake of roughly 75 percent in the company, with Ukrainian Prime Minister Volodymyr Groysman arguing that the state should continue to control a stake of at least 51 percent after privatization. A governmental committee approved

1410-537: A positive experience in coping with spent nuclear fuel management issues. In the 1990s, due to yet another restriction imposed by the Russian federation regarding the repatriation of spent nuclear fuel, Zaporizhzhia NPP power units faced the peril of being stopped. This has prompted the plant to build and commission in 2001 a temporal dry storage of a container type for its spent fuel with Duke Engineering&Services and Sierra Nuclear Corporation design, which allows storing for

1504-521: A special container (MPC) provides safe spent fuel storage that at each stage of handling spent fuel resides in special protective containers meeting all national requirements ensuring radiation safety. On 25 April 2022, the State Nuclear Regulatory Inspectorate of Ukraine issued a separate permit for commissioning the CRSNF. The permit was scheduled on 9 March, but was postponed due to Russian aggression and temporary occupation of

1598-628: A total installed capacity of 13,835 MW. The company also operates two hydroelectric units at the Oleksandrivska Hydroelectric Plant with the installed capacity of 25 MW and three hydroelectric units at the Tashlyk Pumped-Storage Power Plant with the installed capacity of 453 MW (the hydroelectric unit No. 3 was connected to the power system in 2022 ). Ukraine ranks seventh in the world and second in Europe in terms of

1692-562: Is a state enterprise operating all four nuclear power plants in Ukraine ( Zaporizhzhia NPP , Rivne NPP , South Ukraine NPP , and Khmelnytskyi NPP ). It is the largest power producer in Ukraine. State Enterprise "National Nuclear Energy Generating Company "Energoatom" was founded in October 1996. The company operates four operating nuclear power plants in Ukraine consisted of 15 nuclear power units (13 VVER-1000 units and 2 VVER-440 units) with

1786-507: Is included in the list of enterprises of strategic importance for the economy and security of the state (the Ordinance of the Cabinet of Ministers of Ukraine dated 03.04.2015 No. 83 "On approval of the list of state-owned objects of strategic importance for the economy and security of the state"). Energoatom belongs to the economic entities that own and use high-risk facilities (in accordance with

1880-518: Is located. Energoatom is a member of international organizations: WANO (World Association of Nuclear Operators) , WNA (World Nuclear Association) , EUR (European Utility Requirements) , IFNEC (International Forum for Cooperation in the Field of Nuclear Energy) , European Clean Hydrogen Alliance . On 31 March 2022, the Board of Governors of the WANO at its meeting supported the application of Energoatom and made

1974-513: Is one of GE's four multifunctional shared services centers worldwide in Pudong , China; Budapest , Hungary; and Monterrey , Mexico. In April 2015, GE announced its intention to sell off its property portfolio, worth $ 26.5 billion, to Wells Fargo and The Blackstone Group . It was announced in April 2015 that GE would sell most of its finance unit and return around $ 90 billion to shareholders as

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2068-628: The Fortune 500 as the 33rd largest firm in the United States by gross revenue . In 2023, the company was ranked 64th in the Forbes Global 2000 . In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE— Irving Langmuir (1932) and Ivar Giaever (1973)—have been awarded

2162-476: The Chornobyl Exclusion Zone . The operation of the CRSNF allows Ukraine to finally get rid of its dependence on Russian enterprises' monopoly on processing and storage of spent nuclear fuel, as well as to save about 200 million US dollars annually by abandoning the Russian services. Investment projects implemented by "Energoatom" intend to guarantee the safe and reliable operation of its NPPs, prolong

2256-559: The DATANET-30 and Datanet 355 message switching computers (DATANET-30 and 355 were also used as front end processors for GE mainframe computers). A Datanet 500 computer was designed but never sold. In 1956 Homer Oldfield had been promoted to General Manager of GE's Computer Department. He facilitated the invention and construction of the Bank of America ERMA system, the first computerized system designed to read magnetized numbers on checks. But he

2350-497: The Multics operating system on the GE 645 mainframe computer. The project took longer than expected and was not a major commercial success, but it demonstrated concepts such as single-level storage , dynamic linking , hierarchical file system , and ring-oriented security . Active development of Multics continued until 1985. GE got into computer manufacturing because, in the 1950s, they were

2444-566: The NBC television network for $ 6.28 billion; this merger surpassed the Capital Cities/ABC merger from earlier that year as the largest non-oil company merger in world business history. The remainder of RCA's divisions and assets were sold to various companies, including Bertelsmann Music Group which acquired RCA Records . Thomson SA , which licensed the manufacture of RCA and GE branded electronics, traced its roots to Thomson-Houston, one of

2538-543: The National Broadcasting Company (NBC), which built two radio broadcasting networks. In 1930, General Electric was charged with antitrust violations and was ordered to divest itself of RCA. In 1927, Ernst Alexanderson of GE made the first demonstration of television broadcast reception at his General Electric Realty Plot home at 1132 Adams Road in Schenectady, New York. On January 13, 1928, he made what

2632-564: The Nobel Prize . Following the Great Recession of the late 2000s decade, General Electric began selling off various divisions and assets, including its appliances and financial capital divisions, under Jeff Immelt 's leadership as CEO. John Flannery, Immelt's replacement in 2017, further divested General Electric's assets in locomotives and lighting in order to focus the company more on aviation. After restrictions on air travel during

2726-626: The transmission of electrical power . In 1896, General Electric was one of the original 12 companies listed on the newly formed Dow Jones Industrial Average , where it remained a part of the index for 122 years, though not continuously. In 1911, General Electric absorbed the National Electric Lamp Association (NELA) into its lighting business. GE established its lighting division headquarters at Nela Park in East Cleveland, Ohio . The lighting division has since remained in

2820-514: The 1970s, Turboatom was identified as a leading enterprise in designing and manufacturing powerful steam turbines for nuclear power plants. In 1982–1985 the company mastered manufacture of steam turbines with a capacity of 1000 MW for the following NPPs: In 1998, Turboatom backed out of a plan to help Russia construct a NPP in Iran , following pressure from US president Bill Clinton . The multi-million dollar deal would have provided 25 to 30 percent of

2914-399: The 9HA. After the break, GE developed new protective coatings and heat treatment methods. Gas turbines represent a significant portion of GE Power's revenue, and also represent a significant portion of the power generation fleet of several utility companies in the United States. Chubu Electric of Japan and Électricité de France also had units that were impacted. Initially, GE did not realize

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3008-530: The COVID-19 pandemic caused General Electric's revenue to fall significantly in 2020, GE's final CEO Larry Culp announced in November 2021 that General Electric was to be broken up into three separate, public companies— GE Aerospace , GE HealthCare , and GE Vernova —by 2024. The new companies are respectively focused on aerospace, healthcare, and energy. GE HealthCare's spin-off was finalized on January 4, 2023. This

3102-560: The CRSNF site is located between the former villages of Stara Krasnytsia, Buriakivka, Chystogolivka, and Stechanka in the Kyiv region on the territory of the Exclusion Zone, which suffered from the Chornobyl nuclear catastrophe causing radioactive contamination. Storage of spent fuel at the CRSNF is implemented with the "dry" technology introduced by Holtec International. This technology obtained

3196-665: The Comprehensive Consolidated Program for Improving the Efficiency and Reliability of NPP Power Units Operation. CCSUP was developed based on the recommendations of the joint project of the European Commission, the IAEA and Ukraine on improving safety and implementing post-Fukushima measures at NPP power units in order to increase the level of safety and reliability of operation of nuclear power units; reducing risks of

3290-639: The Denver television station until in 1986, when General Electric bought out RCA and made it into an owned-and-operated station by NBC . It even stayed on until 1995 when it was transferred to a joint venture between CBS and Group W in a swap deal, alongside KUTV in Salt Lake City for longtime CBS O&O in Philadelphia, WCAU-TV . Stations are arranged in alphabetical order by state and city of license . Led by Sanford Alexander Moss , GE moved into

3384-506: The European energy market. It is located near the central part of Western Ukraine , on the border of three regions - Khmelnytskyi, Rivne and Ternopil. The power plant generates almost 15 billion kWh of electricity per year. The South Ukrainian Energy Complex uses basic nuclear as well as flexible hydro and hydro-storage capacities. It is located in the north of the Mykolaiv region, on the banks of

3478-641: The NPP surveillance zones, the Automated Radiation Monitoring Systems (ARMS) have been created for continuous monitoring of the radiation situation. International experts have monitored the safety of Ukrainian nuclear power plants for many years: the periodic meetings are held at the IAEA to comply with the provisions of the Convention on Nuclear Safety; there is a safety monitoring by international experts (OSART, ASSET, WANO missions) organized within

3572-627: The South Bug River. The complex produces 17-20 billion kWh of electricity per year. For the first time in Ukraine, the SUNPP was loaded with fresh nuclear fuel produced by the American company Westinghouse. This fuel load has paved the way for Ukraine's successful diversification of nuclear fuel supplies. Since 2018, power unit No. 3, and since 2020, power unit No. 2 of the SUNPP have been operating on Westinghouse fuel only. The policy of Energoatom prioritizes

3666-524: The U.S. Army Air Corps to select GE to develop the nation's first jet engine during the war. This experience, in turn, made GE a natural selection to develop the Whittle W.1 jet engine that was demonstrated in the United States in 1941. GE was ranked ninth among United States corporations in the value of wartime production contracts. However, their early work with Whittle's designs was later handed to Allison Engine Company . GE Aviation then emerged as one of

3760-520: The U.S. and Canada. The exact terms of the sale were not disclosed, but the final price would be based on the value of the assets at closing, plus a premium according to the parties. In October 2015, activist investor Nelson Peltz 's fund Trian bought a $ 2.5 billion stake in the company. In January 2016, Haier acquired GE's appliance division for $ 5.4 billion. In October 2016, GE Renewable Energy agreed to pay €1.5 billion to Doughty Hanson & Co for LM Wind Power during 2017. At

3854-542: The VVER type. The annual production of electricity is about 20 billion kWh. The RNPP operates an automated radiation monitoring system (ARMS) equipped with seismic monitoring systems and RODOS (Real Time Online Decision Support) decision support system. This energy complex is unique for Ukraine and one of the best in the world in terms of the accuracy of parameters and characteristics. The most promising Ukrainian nuclear power plant in terms of realizing Ukraine's export potential on

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3948-783: The accidents at nuclear power plants during natural disasters or other extreme situations; increasing the efficiency of managing project and off-project accidents at nuclear power plants, minimizing their consequences. Date of Implementation of the Program: 2011–2023. The purpose of the implementation of the Comprehensive Consolidated Safety Upgrade Program of Power Units of Nuclear Power Plants is: The CCSUP contains 1,295 measures, of which 1,070 have been implemented as of 2022. Energoatom also implements post-Fukushima measures aimed at preventing accidents during natural disasters or other extreme situations, minimizing

4042-443: The acquisition of Hydril Pressure & Control in 2008 for $ 1.1 billion. GE Plastics was sold in 2008 to SABIC (Saudi Arabia Basic Industries Corporation). In May 2008, GE announced it was exploring options for divesting the bulk of its consumer and industrial business. On December 3, 2009, it was announced that NBCUniversal would become a joint venture between GE and cable television operator Comcast . Comcast would hold

4136-455: The acquisition of privately held Lineage Power Holdings from The Gores Group . In April 2011, GE announced it had completed its purchase of John Wood plc's Well Support Division for $ 2.8 billion. In 2011, GE Capital sold its $ 2 billion Mexican assets to Santander for $ 162 million and exited the business in Mexico. Santander additionally assumed the portfolio debts of GE Capital in

4230-602: The chief engineer of the Kalininska NPP arrived at the Zaporizhzhya NPP. In August–September 2022, there is constantly shelling at the ZNPP causing substantial damage to the equipment, buildings, structures, pipelines, installations of the ZNPP, which led to the emergence of nuclear and radiation hazards and a high threat of nuclear accident due to damage to power units, chemical blocks and other equipment and buildings that ensure

4324-792: The company expanded into cable with the launch of a franchise, which was awarded to a non-exclusive franchise in Schenectady through subsidiary General Electric Cablevision Corporation. On February 15, 1965, General Electric expanded its holdings in order to acquire more television stations to meet the maximum limit of the FCC, and more cable holdings through subsidiaries General Electric Broadcasting Company and General Electric Cablevision Corporation. The company also owned television stations such as KOA-TV (now KCNC-TV ) in Denver and WSIX-TV (later WNGE-TV, now WKRN ) in Nashville, but like WRGB, General Electric sold off most of its broadcasting holdings, but held on to

4418-606: The company is entrusted with the functions of an operating organization. The objectives of Energoatom are the safe production of electricity; increasing the safety level of operating NPP power units and extending their period of operation; construction of NPP power units and their decommissioning; purchase of fresh nuclear fuel and removal of spent fuel; creation of a national infrastructure for handling irradiated nuclear fuel; physical protection of nuclear installations and nuclear materials; staff training and advanced training of personnel; solving social issues of employees, etc. Energoatom

4512-404: The company was renamed back to Baker Hughes. In May 2017, GE had signed $ 15 billion of business deals with Saudi Arabia . Saudi Arabia is one of GE's largest customers. In September 2017, GE announced the sale of its Industrial Solutions Business to ABB . The deal closed on June 30, 2018. On August 15, 2019, Harry Markopolos , a financial fraud investigator known for his discovery of

4606-620: The company's longtime stake in television and film media. In April 2013, GE acquired oilfield pump maker Lufkin Industries for $ 2.98 billion. In April 2014, it was announced that GE was in talks to acquire the global power division of French engineering group Alstom for a figure of around $ 13 billion. A rival joint bid was submitted in June 2014 by Siemens and Mitsubishi Heavy Industries (MHI) with Siemens seeking to acquire Alstom's gas turbine business for €3.9 billion, and MHI proposing

4700-546: The consequences of such accidents; increasing the efficiency of project and off-project accident management at nuclear power plants, minimizing their consequences. In total, 90% of the 238 post-Fukushima measures have already been implemented as of 2022. On August 31, 2021, in Washington ( USA ), Energoatom and Westinghouse signed a Memorandum of Understanding, which provides for the construction of five nuclear power units in Ukraine using AP1000 technology. On 2 June 2022, at

4794-522: The country. Following this, GE Capital focused on its core business and shed its non-core assets. In June 2012, CEO and President of GE Jeff Immelt said that the company would invest ₹ 3 billion to accelerate its businesses in Karnataka . In October 2012, GE acquired $ 7 billion worth of bank deposits from MetLife Inc . On March 19, 2013, Comcast bought GE's shares in NBCU for $ 16.7 billion, ending

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4888-509: The deal was completed or to the public via an IPO if the deal was not completed. On March 1, 2010, GE announced plans to sell its 20.85% stake in Turkey-based Garanti Bank. In August 2010, GE Healthcare signed a strategic partnership to bring cardiovascular Computed Tomography (CT) technology from start-up Arineta Ltd. of Israel to the hospital market. In October 2010, GE acquired gas engines manufacturer Dresser Industries in

4982-513: The end of 1932, development of the first design of a turbogenerator with a capacity of 50 MW was completed. In early 1933, three more workshops were commissioned: large machining, winding and assembly. At the end of the year, production of 24 types of blades was mastered and turbines were refurbished for Kashira Power Plant and some other power plants. During World War II , the plant suspended turbine production and began manufacture of defense products, such as mortars, and repaired tanks. The work at

5076-426: The end of October 2016, it was announced that GE was under negotiations for a deal valued at about $ 30 billion to combine GE Oil & Gas with Baker Hughes . The transaction would create a publicly traded entity controlled by GE. It was announced that GE Oil & Gas would sell off its water treatment business, GE Water & Process Technologies, as part of its divestment agreement with Baker Hughes. The deal

5170-417: The engine hall of the ZNPP power unit No. 1 in the vicinity to the nuclear reactor blocking access of firefighting equipment and vehicles in case of fire. Right after the occupation, the Russian enterprises "Rosatom" and "Rosenergoatom" sent a group of their employees to the ZNPP site. The "Rosenergoatom" personnel rotated three times since that. On June 2, 2022, a team of 10 Rosenergoatom employees headed by

5264-442: The enterprise was suspended only three days before the beginning of the occupation of Kharkiv on 21 October 1941. Meanwhile, an evacuation process was in full swing. During the evacuation, "Turboatom" was divided into several parts. On 23 August 1943, Kharkiv was freed and rehabilitation of the enterprise began. A team of turbine constructors restored the native plant and continued to manufacture products while also participating in

5358-433: The establishment of a Westinghouse engineering center in Ukraine to support AP1000 projects planned for implementation in Ukraine and Europe. In addition, this Memorandum provides for operation support of the operating power units of Ukraine's NPPs and future decommissioning works. Key stages of the pilot project implementation: Ukraine fulfills its obligations in all aspects of handling spent nuclear fuel in accordance with

5452-734: The establishment of the National Nuclear Energy Generating Company "Energoatom" dated 17.10.1996 No. 1268 on the basis of the property and infrastructures of nuclear power plants – Zaporizhzhya NPP, Rivne NPP, South Ukraine NPP, Khmelnytskyi NPP and Chornobyl NPP. In 2001, the Chornobyl NPP was withdrawn from the SE NNEGC "Energoatom". In 2021, the Cabinet of Ministers of Ukraine, by the Decree No. 50-r dated 20 January, took over

5546-466: The factory's total output over five years, and the backing-out was thus regarded as a severe blow to the regional economy by 2000. In 2012 while visiting the site, then president Viktor Yanukovych called the company "Energoatom" instead of Turboatom three times during his visit. This is an example of a yanukism . American utility company Westinghouse Electric signed a memorandum of understanding (MOU) with Turboatom in 2017 in order to assist in

5640-633: The firm looked to trim down on its holdings and rid itself of its image of a "hybrid" company, working in both banking and manufacturing. In August 2015, GE Capital agreed to sell its Healthcare Financial Services business to Capital One for US$ 9 billion. The transaction involved US$ 8.5 billion of loans made to a wide array of sectors, including senior housing, hospitals, medical offices, outpatient services, pharmaceuticals, and medical devices. Also in August 2015, GE Capital agreed to sell GE Capital Bank's on-line deposit platform to Goldman Sachs . Terms of

5734-482: The framework of cooperation. Increasing the reliability and efficiency of operating NPPs is implemented through the Comprehensive Consolidated Safety Upgrade Program of Power Units of Nuclear Power Plants (CCSUP - approved by the Ordinance of the Cabinet of Ministers of Ukraine (CMU) dated 07.12.2011 No. 1270. The Ordinance of the CMU dated 08.05.2019 No. 390 amended the Ordinance of the CMU dated 07.12.2011 No. 1270 and extended

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5828-538: The functions of managing the unified property complex of the SE NNEGC "Energoatom". The main types of economic activity are set out in detail in the Charter of Energoatom, in particular: The enterprise was established with the purpose of producing electric energy, ensuring safe operation and increasing the efficiency of nuclear power plants, safety during construction, commissioning and decommissioning of nuclear installations, uninterrupted energy supply to business entities and

5922-528: The issues of security over economic, technical, scientific and other objectives. The objective of increasing and maintaining the current level of operating power units' safety has the highest priority in the activities of the operating organization. Energoatom's nuclear power plants use the nuclear and radiation technologies; therefore, the main mission of the company is an unconditional observance of nuclear and radiation safety with cost-effective generation and reliable supply of electricity and heat to consumers. In

6016-440: The largest user of computers outside the United States federal government , aside from being the first business in the world to own a computer. Its major appliance manufacturing plant " Appliance Park " was the first non-governmental site to host one. However, in 1970, GE sold its computer division to Honeywell , exiting the computer manufacturing industry, though it retained its timesharing operations for some years afterward. GE

6110-456: The lives of plant personnel, along with a threat of nuclear and radiation hazards and an accident. The "Zaporizhska" overhead line and the "Southern Donbaska" overhead line bore damage as well. After the occupation of the ZNPP more than 500 troops of the Russian military force and 50 units of military equipment were located at the plant's site. The Russian military deployed at least 14 military trucks with weapons, ammunition loads explosives in

6204-452: The new field of aircraft turbo superchargers . This technology also led to the development of industrial gas turbine engines used for power production. GE introduced the first set of superchargers during World War I and continued to develop them during the interwar period . Superchargers became indispensable in the years immediately before World War II. GE supplied 300,000 turbo superchargers for use in fighter and bomber engines. This work led

6298-428: The number of nuclear reactors operated and total capacity. Energoatom provides about 55% of Ukraine's electricity needs. The total number of employees as of the beginning of 2022 is 33,969 employees. The organizational and legal form of Energoatom is a state enterprise. The founder is the Cabinet of Ministers of Ukraine . The enterprise was set up in 1996 under the Ordinance of the Cabinet of Ministers of Ukraine "On

6392-496: The original components of GE. Also in 1986, Kidder, Peabody & Co. , a U.S.-based securities firm, was sold to GE and following heavy losses was sold to PaineWebber in 1994. In 1997, Genpact was founded as a unit of General Electric in Gurgaon . The company was founded as GE Capital International Services (GECIS).  In the beginning, GECIS created processes for outsourcing back-office activities for GE Capital such as processing car loans and credit card transactions. It

6486-502: The parent of Universal Pictures from Vivendi . Vivendi bought 20% of NBC, forming the company NBCUniversal . GE then owned 80% of NBCUniversal and Vivendi owned 20%. In 2004, GE completed the spin-off of most of its mortgage and life insurance assets into an independent company, Genworth Financial , based in Richmond, Virginia . In May 2007, GE acquired Smiths Aerospace for $ 4.8 billion. Also in 2007, GE Oil & Gas acquired Vetco Gray for $ 1.9 billion, followed by

6580-404: The period of validity of the CCSUP until 12.31.2023. The Ordinance of the CMU dated 07.11.2018 No. 924 increased the amount of funding for the CCSUP. Due to the military aggression of the Russian federation, Energoatom on its own initiative developed a draft ordinance on amending the Ordinance of the CMU dated 07.12.2011 No. 1270 regarding the extension of the term of the CCSUP until 31.12.2025) and

6674-412: The population, as well as within its competence to ensure permanent readiness of Ukraine for quick and effective actions in the event of accidents at nuclear power plants, radiation accidents in industry, compliance with the requirements of nuclear legislation, norms and rules on nuclear and radiation safety. In accordance with the Ordinance of the Cabinet of Ministers of Ukraine dated 17.10.1996 No. 1268,

6768-509: The remedies proposed by GE were insufficient to resolve the competition concerns resulting from the proposed acquisition of Honeywell". On June 27, 2014, GE partnered with collaborative design company Quirky to announce its connected LED bulb called Link. The Link bulb is designed to communicate with smartphones and tablets using a mobile app called Wink . In December 1985, GE reacquired the RCA Corporation , primarily to gain ownership of

6862-729: The requirements of the "Joint Convention on the Safety of Spent Fuel Management and on the Safety of Radioactive Waste Management" (Joint Convention) ratified by the Verkhovna Rada of Ukraine on 20 April 2022. In accordance with the Joint Convention, the State bears responsibility for the safe handling of spent fuel and radioactive waste. During the Soviet Union times, a technical scheme existed under which spent fuel from Ukrainian nuclear plants

6956-453: The requirements of the Law of Ukraine "On High-Risk Facilities" dated 18 January 2001 No. 2245-ІІІ). The NPPs of Energoatom belong to the city-forming enterprises. In the cities of Energodar , Varash , Pivdennoukrainsk , Netishyn the number of NPP employees (including their family members) is more than half of the population of the administrative-territorial unit in which the nuclear power plant

7050-752: The restoration of municipal services. In late 1944, the plant already had 374 (out of 700) items of machine tools and other production equipment installed in accordance with the plant rehabilitation project. In a year, 250 machine tools were installed and commissioned. The number of workers and employees of the plant rapidly increased from 876 to 1664 persons in a year. In 1944 for city of Kharkiv were restored and equipped four turbines with total capacity of 68 thousand kW; two turbines with capacity of 22 thousand kilowatt for Kyiv and also erected turbines for Sevastopl , Kaluga , and Shterov Power Station total capacity of 28,200 kW. Achievements in 1944 included: Turboatom began serial production of MK-30 turbines with

7144-685: The same location. Owen D. Young, who was then GE's general counsel and vice president, through GE, founded the Radio Corporation of America (RCA) in 1919. This came after Young, while working with senior naval officers, purchased the Marconi Wireless Telegraph Company of America , which was a subsidiary of the British company Marconi Wireless and Signal Company. He aimed to expand international radio communications. GE used RCA as its retail arm for radio sales. In 1926, RCA co-founded

7238-504: The site of the Khmelnytskyi NPP, a Declaration was signed on the start of practical implementation of the joint project of Energoatom and Westinghouse on the construction of AP1000 power units at the site of the Khmelnytskyi NPP. On the same day, Energoatom and Westinghouse signed a Memorandum on expanding cooperation, which provides for an increase in the number of AP1000 power units planned for construction from five to nine, as well as

7332-612: The term of power units' operation and create the enabling environment for the energy independence of Ukraine. The main projects are: On 4 March 2022, the Zaporizhzhia NPP came under temporary occupation. The armed seizure of the plant by the Russian military resulted in shelling that damaged one of the ZNNP Training Center buildings, the reactor building, the block transformer, as well as household premises, some buildings, structures and equipment. An immediate threat occurred to

7426-505: The time, and GE increased engineering and supplies for the Wind Division and doubled the annual sales to $ 1.2 billion in 2003. It acquired ScanWind in 2009. In 2018, GE Power garnered press attention when a model 7HA gas turbine in Texas was shut down for two months due to the break of a turbine blade . This model uses similar blade technology to GE's newest and most efficient model,

7520-596: The transaction were not disclosed, but the sale included US$ 8 billion of on-line deposits and another US$ 8 billion of brokered certificates of deposit. The sale was part of GE's strategic plan to exit the U.S. banking sector and to free itself from tightening banking regulations. GE also aimed to shed its status as a "systematically important financial institution". In September 2015, GE Capital agreed to sell its transportation finance unit to Canada's Bank of Montreal . The unit sold had US$ 8.7 billion (CA$ 11.5 billion) of assets, 600 employees, and 15 offices in

7614-657: The transfer of the state's 75 percent stake into private hands in May 2018. However, the government terminated any privatization process of the company in 2019 by removing Turboatom from a list of companies cleared for privatization. General Electric General Electric Company ( GE ) was an American multinational conglomerate founded in 1892, incorporated in the state of New York and headquartered in Boston . The company had several divisions, including aerospace , energy , healthcare , and finance . In 2020, GE ranked among

7708-500: The turbine blade issue of the 9FB unit would impact the new HA units. GE was one of the eight major computer companies of the 1960s along with IBM , Burroughs , NCR , Control Data Corporation , Honeywell , RCA , and UNIVAC . GE had a line of general purpose and special purpose computers, including the GE 200 , GE 400 , and GE 600 series general-purpose computers, the GE/PAC 4000 series real-time process control computers, and

7802-412: The upgrading of Ukraine's 13 VVER-1000 reactors. Another MOU followed in 2018 with Japanese power and engineering company Toshiba Energy Systems & Solutions Corporation. At the end of July 2018, the company's specialists produced high-pressure cylinders CNT-1 to Armenian Nuclear Power Plant . In 2019 Energoatom and Turboatom signed a five-year contract to modernise condensers and turbines at

7896-461: The world's largest engine manufacturers, bypassing the British company Rolls-Royce plc . Some consumers boycotted GE light bulbs, refrigerators, and other products during the 1980s and 1990s. The purpose of the boycott was to protest against GE's role in nuclear weapons production. In 2002, GE acquired the wind power assets of Enron during its bankruptcy proceedings. Enron Wind was the only surviving U.S. manufacturer of large wind turbines at

7990-599: Was a major provider of computer time-sharing services through General Electric Information Services (GEIS, now GXS), offering online computing services that included GEnie . In 2000, when United Technologies Corp. planned to buy Honeywell, GE made a counter-offer that was approved by Honeywell. On July 3, 2001, the European Union issued a statement that "prohibit the proposed acquisition by General Electric Co. of Honeywell Inc.". The reasons given were it "would create or strengthen dominant positions on several markets and that

8084-597: Was an experimental concept at the time and the beginning of the business process outsourcing (BPO) industry. GE sold 60% stake in Genpact to General Atlantic and Oak Hill Capital Partners in 2005 and hived off Genpact into an independent business. GE is still a major client to Genpact today for services in customer service, finance, information technology, and analytics. In 2001, GE acquired Spanish-language broadcaster Telemundo and incorporated it into NBC. In 2002, Francisco Partners and Norwest Venture Partners acquired

8178-598: Was cleared by the EU in May 2017, and by the United States Department of Justice in June 2017. The merger agreement was approved by shareholders at the end of June 2017. On July 3, 2017, the transaction was completed, and Baker Hughes became a GE company and was renamed Baker Hughes, a GE Company (BHGE). In November 2018, GE reduced its stake in Baker Hughes to 50.4%. On October 18, 2019, GE reduced its stake to 36.8% and

8272-557: Was expected to be completed in 2015. In October 2014, GE announced it was considering the sale of its Polish banking business Bank BPH . Later in 2014, General Electric announced plans to open its global operations center in Cincinnati , Ohio. The Global Operations Center opened in October 2016 as home to GE's multifunctional shared services organization. It supports the company's finance/accounting, human resources, information technology, supply chain, legal and commercial operations, and

8366-604: Was fired from GE in 1958 by Ralph J. Cordiner for overstepping his bounds and successfully gaining the ERMA contract. Cordiner was strongly against GE entering the computer business because he did not see the potential in it. In 1962, GE started developing its GECOS (later renamed GCOS) operating system , originally for batch processing , but later extended to time-sharing and transaction processing . Versions of GCOS are still in use today. From 1964 to 1969, GE and Bell Laboratories (which soon dropped out) joined with MIT to develop

8460-523: Was followed by the spin-off of GE's portfolio of energy businesses on April 2, 2024, into GE Vernova. Following these transactions, General Electric Company changed its trading name to GE Aerospace, pivoted to aviation, and ceased to exist as a conglomerate. During 1889, Thomas Edison (1847–1931) had business interests in many electricity-related companies, including Edison Lamp Company, a lamp manufacturer in East Newark, New Jersey ; Edison Machine Works ,

8554-636: Was incorporated in New York on April 24, 1889. The new company acquired Sprague Electric Railway & Motor Company in the same year. The consolidation did not involve all of the companies established by Edison; notably, the Edison Illuminating Company , which would later become Consolidated Edison , was not part of the merger. In 1880, Gerald Waldo Hart formed the American Electric Company of New Britain, Connecticut , which merged

8648-452: Was incorporated in New York, with the Schenectady plant used as headquarters for many years thereafter. Around the same time, General Electric's Canadian counterpart, Canadian General Electric , was formed. In 1893, General Electric bought the business of Rudolf Eickemeyer in Yonkers, New York , along with all of its patents and designs. Eickemeyer's firm had developed transformers for use in

8742-433: Was said to be the first broadcast to the public in the United States on GE's W2XAD : the pictures were picked up on 1.5 square inches (9.7 square centimeters) screens in the homes of four GE executives. The sound was broadcast on GE's WGY (AM) . Experimental television station W2XAD evolved into the station WRGB , which, along with WGY and WGFM (now WRVE ), was owned and operated by General Electric until 1983. In 1965,

8836-453: Was taken to temporary storage facilities on the territory of the Russian federation for its further processing. After the collapse of the USSR , the Russian side began to charge a significant fee for the processing of Ukrainian spent fuel. As a result, the radioactive waste generated during processing had to be returned to Ukraine in accordance with the aforementioned Convention. Ukraine has obtained

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