General Electric's proposed bid for French company Alstom's energy group would give the U.S. conglomerate the biggest presence in emerging markets among industrialized companies, CEO Jeff Immelt told CNBC on Wednesday.
The deal gives GE a $60 billion footprint in developing economies such as China and India, where the company would build and retrofit "supercritical" coal plants, Immelt added.
"Probably for the next decade, the most dominate technology around the world will be coal," Immelt said during an interview with CNBC's "Squawk on the Street," "It will just not be in the U.S. or Europe. We see a big service play here."
Hours after GE announced a $13.5 billion bid for Alstom's energy unit, Immelt told CNBC in an interview that he felt confident in his company's ability to get the deal done. The proposed transaction has drawn heightened scrutiny among French government officials.
Asked whether GE would have to make concessions to appease French authorities in order to secure the deal, Immelt said: "I would say we've been doing a ton of business in France for a long time. It's a country we know pretty well."