Dec 07 2011 |
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GE, SEC sign $300m deal for gas turbines, power plants
By By FATIMA SIDIYA JEDDAH: General Electric (GE) signed a $300 million deal with Saudi Electricity Company ( SEC ) to provide 13 gas turbines and associated services for the expansion of six power plants at various locations across the country. These will add nearly 800 megawatts by Summer 2013 to support peak electricity demands and reduce the risk of blackouts.The new contract brings the number of GE turbines working for SEC projects to nearly 200 in the last five years. GE is supporting the production 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.
"The expansion projects are part of our overall strategy to add an average of 4,000 megawatts of power annually to the grid in Saudi Arabia as we continue to face a growing demand for reliable electricity," said Ali Al-Barrak, president and CEO for SEC . "We have been working with GE for more than 40 years. The new contract reflects our continued trust in GE's power generation solutions and ability to respond to our technology requirements and meet compressed project schedules."
Browning said 62% of GE's employees, or 450 people, are Saudi. By 2015 he expects to employ 2,000 Saudis.
© Arab News 2011
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