SEC Selects GE Technology for Saudi Power Plant Expansions; Contracts Total More Than $500 Million (GE)

GE GE announced that it has been selected to provide gas turbine technology and services for four Saudi Electricity Company power plant expansions that will support Saudi Arabia in meeting its growing power needs, especially during the hot summer months when electricity demand is at its peak. The total value of the agreements with GE is expected to be more than $500 million and the power plant expansions are expected to add more than 100 new local jobs. These contracts bring GE Energy orders for SEC projects in the last two years alone to more than $2 billion. To date, GE Energy power generation technology and services are supporting the generation of nearly half of the Kingdom's installed capacity.