Pratt & Whitney Executive to Join Commerce Secretary Gary Locke on Business Development Trade Mission to Indonesia
Pratt & Whitney Power Systems' (PWPS) Vice President Charles Levey will join U.S. Commerce Secretary Gary Locke as one of 10 U.S. business leaders on the first cabinet-level trade mission of the Obama Administration. The delegation will travel to Jakarta, Indonesia, to explore opportunities to meet Indonesia's growing demand for clean energy technologies. The mission will take place May 24-26. Pratt & Whitney is a United Technologies Corp. (NYSE:UTX) company.
"Joining Secretary Locke on this trip is an excellent opportunity for Pratt & Whitney Power Systems to meet with key Indonesian decision-makers in the public and private sectors and to learn more about energy related needs and challenges in Indonesia," Levey said. "I am hopeful this trip will help advance Pratt & Whitney Power Systems' business opportunities for our clean energy products and services in Indonesia."
The Indonesian government expects a 56 percent increase in overall energy investments by 2014. Investment estimates include both public and private funds, which will be targeted at increasing the supply of electricity in urban areas, while also meeting the country's rural electrification needs. Indonesia's strategic setting in Asia and its emerging domestic market offer significant commercial opportunities for the U.S. clean energy industry.
Because exports directly and indirectly support millions of American jobs, they are an increasingly important part of the economy and a key component of the Obama administration's efforts to create jobs through aggressive trade promotion strategies. In March, President Obama issued an executive order creating the National Export Initiative, which sets a goal of doubling U.S. exports during the next five years in support of U.S. jobs
PWPS is growing its alternative and renewable energy portfolio. With its PureCycle® product and the purchase of Italy-based Turboden in July 2009, Power Systems is expanding globally into Organic Rankine Cycle (ORC) power generation using biomass, geothermal and industrial waste heat.
PWPS is also an industry leader in providing solutions to the power generation market through its industrial gas turbines and aftermarket services. Its gas turbines serve as mobile, easily assembled and highly efficient power generation systems. These systems can deliver as much as 60 MW of safe electric power. PWPS has installed more than 2,000 industrial gas turbines in more than 50 countries worldwide.
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and commercial building industries.