Blackstone Group: Will invest more than $25 billion in Pennsylvania digital and energy infrastructure
Blackstone Group (BX.N) will invest more than US$25 billion in digital infrastructure and energy construction in Pennsylvania, which is expected to drive an additional US$60 billion in investment, Internet reported. Blackstone said the project will create or support more than 6000 jobs each year during the expected 10-year construction period. Blackstone has formed a joint venture with PPL to build and operate gas-fired power generation facilities, and construction is expected to begin before the end of 2028.
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