26 March 2014
MEETING the growing demand for on-site power systems that are efficient, reliable and sustainable, GE's Distributed Power business is investing $1.4 billion over four years globally and has three key product lines - Aeroderivative Gas Turbines, Jenbacher Gas Engines and Waukesha Gas Engines.
The product lines from GE's Distributed Power bring the dual advantage of assured and reliable power supply onsite as well as off-grid solutions and the ability to work with renewable energy solutions, a thrust area in several countries including the UAE, Saudi Arabia, Iraq, Lebanon, Egypt and Algeria, among others.
GE's Distributed Power business will specifically address the increased demand for on-site power from oil and gas majors and heavy industries in the MENA region. The industrial sector accounts for a significant part of the power consumed in the region today, with overall demand for electricity projected to grow at an average of 7 percent over the next 10 years. Increasingly, industries are relying on on-site power systems to meet their needs and accelerate operational efficiency.
The oil and gas industry relies heavily on on-site power to provide electricity to remote operations as well as mechanical power to pump and compress gas. With the growing exploration of unconventional gas in Saudi Arabia, there are significant opportunities for GE's Waukesha engines to help exploit the fuel source replacing equipment that relies on HFO in use at drill rigs.
Lorraine Bolsinger, President & CEO of GE's Distributed Power business, said: "GE has been a trusted partner in the progress of the region, engaging with our customers to understand their requirements and providing solutions that support them. Today, in line with the growth in the manufacturing sector and increasing demand for on-site power, delivering new power generation solutions is of critical importance to improve regional energy security."
MEETING the growing demand for on-site power systems that are efficient, reliable and sustainable, GE's Distributed Power business is investing $1.4 billion over four years globally and has three key product lines - Aeroderivative Gas Turbines, Jenbacher Gas Engines and Waukesha Gas Engines.
The product lines from GE's Distributed Power bring the dual advantage of assured and reliable power supply onsite as well as off-grid solutions and the ability to work with renewable energy solutions, a thrust area in several countries including the UAE, Saudi Arabia, Iraq, Lebanon, Egypt and Algeria, among others.
GE's Distributed Power business will specifically address the increased demand for on-site power from oil and gas majors and heavy industries in the MENA region. The industrial sector accounts for a significant part of the power consumed in the region today, with overall demand for electricity projected to grow at an average of 7 percent over the next 10 years. Increasingly, industries are relying on on-site power systems to meet their needs and accelerate operational efficiency.
The oil and gas industry relies heavily on on-site power to provide electricity to remote operations as well as mechanical power to pump and compress gas. With the growing exploration of unconventional gas in Saudi Arabia, there are significant opportunities for GE's Waukesha engines to help exploit the fuel source replacing equipment that relies on HFO in use at drill rigs.
Lorraine Bolsinger, President & CEO of GE's Distributed Power business, said: "GE has been a trusted partner in the progress of the region, engaging with our customers to understand their requirements and providing solutions that support them. Today, in line with the growth in the manufacturing sector and increasing demand for on-site power, delivering new power generation solutions is of critical importance to improve regional energy security."
© The Saudi Gazette 2014
