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SEC selects GE to supply eight gas turbines
- Saudi Arabia: Saturday, September 29 - 2012 at 03:03
Saudi Electricity Co has awarded General Electric Co's power and water division a contract for a power project in Riyadh, Reuters has reported. GE will supply eight gas turbines, which will be manufactured and tested at GE's facility in Greenville, project between 2013 and 2016. The deal reflects a gradual, global shift toward using inexpensive natural gas rather than coal or oil to generate power, GE said. "A lot of the power in Saudi is produced from crude oil, but more and more they want to preserve that for petrochemical export markets," said Paul Browning, who heads GE's thermal products division.
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