GE Awarded $700M Contract by Saudi Electricity Company

GE

has signed a nearly $700 million contract with Saudi Electricity Company (SEC) to bring additional F-class combined-cycle gas turbines, and associated equipment and services, to the Kingdom of Saudi Arabia. GE's technology will support SEC's large, combined-cycle power plants to generate more than 3.8 gigawatts (GW) of power and will provide significant fuel savings and lower emissions to meet today's growing energy needs of the Kingdom. “We chose GE once again for our largest project because of their advanced technology, which features proven efficiency performance,” said Mr. Ali Albarrak, president and CEO of SEC. “In addition, GE technology has the ability to respond to dramatic daily changes in power demand while