A new joint venture involving GE do Brazil and Inepar SA Industria E Construcoes aims to target the Brazilian hydropower market. The joint venture, named GE Hydro Inepar do Brazil SA, will produce turbines and generators.

GE will own 60 per cent of the joint venture, Inepar the remaining 40 per cent. Hydropower provides 93 per cent of the electricity in Brazil.