ATLANTA--(BUSINESS WIRE)--GE Energy (NYSE: GE) announced it has signed three contracts with the Saudi Electric Company (SEC) worth in excess of $950 million to supply 23 F-class gas turbines and additional equipment for three power plants that will add 2,900 megawatts of capacity to the Kingdom's electricity grid.
These projects include:
In addition to the gas turbine-generators, GE will supply generator step-up transformers and main breakers, unit auxiliary transformers and ISO-phase busbars for each of the three plants. The scope of GE's contracts also includes technical advisory services, customer on-site training and performance testing.
Initially, the 7FA gas turbines will be used in simple-cycle, base load operation at all three plants, while the Qurayyah plant will have the option to be converted to combined-cycle in the future. Natural gas will be the primary fuel, with distillate oil as a backup, at all three plants.
The gas turbines will be manufactured at GE's facilities in Greenville, S.C. For the Qurayyah project, the first seven units will be shipped during the second half of 2007 and are scheduled to enter commercial operation by June of 2008. The remaining eight units will ship during the second half of 2008 and will enter commercial service by June of 2009.
The 7FA units for Faras and Riyadh PP8 will be shipped during the second half of 2007 and are scheduled to begin commercial operation by June of 2008.
The Saudi Electric Company was formed in 2000, as the result of a merger agreement among Saudi Arabia's ten regional power companies. Today, SEC distributes and supplies electricity to domestic, commercial, industrial and agricultural customers throughout the Kingdom.
Saudi Arabia is one of GE's key growth regions. GE maintains a workforce of more than 600 employees in the Kingdom with offices in Jeddah, Riyadh and the Eastern Province as well as joint ventures in fields of energy, healthcare and appliances. GE's current business portfolio in Saudi Arabia includes power and water, transportation and healthcare, in addition to new opportunities in financial services and advanced materials.
About GE Energy
GE Energy (www.ge.com/energy) is one of the world's leading suppliers of power generation and energy delivery technologies, with 2005 revenue of $16.5 billion. Based in Atlanta, Georgia, GE Energy works in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels. Numerous GE Energy products are certified under ecomagination, GE's corporate-wide initiative to aggressively bring to market new technologies that will help customers meet pressing environmental challenges.
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