GE (GE) Announces in $300M New Contracts with Saudi Electricity to Supply 13 Gas Turbines

GE (NYSE: GE) today signed contracts totaling almost $300 million with the Saudi Electricity Company (SEC) to supply 13 gas turbines and associated services for the expansion of six power plants at various locations across the country. The expansions will add nearly 800 megawatts of power to the Saudi grid by the summer of 2013, in time to support peak electricity demands and reduce the risk of blackouts.

GE is supplying 13 Frame 7EA Gas Turbines, similar to the one shown here, to Saudi Electricity Company for six power plant expansions at various locations across the country. (Photo: Business Wire)

The new contracts bring the number of GE turbines delivered for SEC projects to nearly 200 turbines in the last five years. To date, GE power generation technology and services are supporting the generation of nearly half of Saudi Arabia’s electricity. The latest plant expansions support SEC’s plans to expand its power capabilities across Saudi Arabia, including remote areas of the Kingdom.

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