GE Energy signs $500 million contracts in Saudi Arabia
FAIRFIELD, Conn.—GE Energy, a
GE Energy has won a contract to supply gas turbine generators for a 960-megawatt expansion of the Rabigh Power Plant in Rabigh City. The contract with Saudi Electricity Co. includes technical advice during installation and spare parts.
GE Energy also has won a contract to build and install gas turbines used by four power plants owned by Saudi Electricity Company.
Demand for power in Saudi Arabia is rising by about 8 percent a year, GE Energy said.
"These projects are part of Saudi Electricity Co.'s ongoing efforts to meet the region's soaring power demand," said Joseph Anis, GE Energy's region executive for the Middle East.
The gas turbines will be manufactured at GE Energy plants in Greenville, S.C. The generators will be made in Schenectady, N.Y.
Saudi Arabia is one of GE's key growth regions. GE maintains a work force of more than 600 employees in Saudi Arabia and has joint ventures in energy, health care and appliances.
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