GE Wins About $700 Mln Contract From Saudi Electricity Company - Quick Facts

(RTTNews) - General Electric Co. (GE) announced that it has signed a nearly $700 million contract with Saudi Electricity Company to bring additional F-class combined-cycle gas turbines, and associated equipment and services, to the Kingdom of Saudi Arabia.

The company noted that its technology will support Saudi Electricity Company's large, combined-cycle power plants to generate more than 3.8 gigawatts or GW of power and will provide significant fuel savings and lower emissions to meet today's growing energy needs of the Kingdom.

GE's technology previously has been chosen for SEC's PP9, PP10, PP11 and PP12 power plants. PP13 and PP14 will feature 12 GE 7F-5 gas turbines, four GE steam turbines and 16 generators and are a further expansion of GE's 7F-5 gas turbine technology used in the PP12 project in the country. PP13 will be located next to PP11 and PP12 at Dhurma, and PP14 will be located next to PP10, south of Riyadh. The contract also includes two contractual service agreements, one for each site, covering planned maintenance on the units for a fixed period of eight years.

Shipment of GE's equipment is expected to begin at the beginning of 2015. The 7F-5 gas turbines will be manufactured at GE's Greenville, S.C., facility, with the steam turbines and generators coming from GE's Schenectady, N.Y., site.