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Press Release

GE signs multi-year service agreement with Saudi Electricity Company for Riyadh Power Plant 12

October 09, 2017

·  US$ 141 million contract to extend comprehensive services for eight GE 7F.05 gas turbines at Saudi Electricity Company’s (SEC) Riyadh Power Plant 12 (PP12)

·  Agreement highlights GE’s commitment to reduce downtime and improve the productivity of the facility

· Gas turbines will also be monitored by the Saudi PowerGen Efficiency Center (SPEC), located in the GE Manufacturing & Technology Center (GEMTEC) in Dammam

Riyadh, Saudi Arabia; October 9, 2017: GE Power (NYSE: GE) has signed a multi-year service agreement with Saudi Electricity Company (SEC) to provide comprehensive maintenance, parts and repairs services for eight GE 7F.05 gas turbines at Riyadh Power Plant 12 (PP12). The US$ 141 million contract will span a period of nine years.

Ziyad Al Shiha, President & CEO of Saudi Electricity Company, said, “GE has supported the development of Saudi Arabia’s energy sector for over 80 years and has a deep understanding of our requirements. PP12 is an important project in our efforts to strengthen the Kingdom’s electricity infrastructure. This new agreement between SEC and GE will enable us to achieve higher levels of operational productivity, while lowering unplanned downtime at the plant.”

GE supplied the highly efficient 7F.05 gas turbines under a previous contract with SEC, with four units entering commercial operations in 2014, followed by the rest a year later. Operating in combined cycle mode, the turbines add about 1,800 megawatts (MW) to the national grid. Under the new service agreement, not only will GE’s team provide support on-site but equipment at PP12 will also be monitored by the Saudi PowerGen Efficiency Center (SPEC), located in the GE Manufacturing & Technology Center (GEMTEC) in Dammam. A collaboration between GE and SEC, SPEC monitors over 500 power generation trains round-the-clock to enable seamless operations and reduce downtime.

“We are committed to offering the latest solutions and strengthening our local presence to support SEC’s assets and resource-use optimization,” said Joseph Anis, President & CEO of GE’s Power Services business in the Middle East & Africa. “The advanced monitoring and diagnostics services provided through SPEC will help to boost the plant’s operational reliability and mitigate unplanned outages.”

The GE 7F.05 gas turbines installed at PP12 bring industry-leading flexibility, efficiency, lower emissions and the lowest lifecycle costs in their class. The 7F.05 achieves 60 percent efficiency, providing SEC with lower fuel costs and setting a new standard for F-class efficiency. The turbines also offer wide fuel flexibility including natural gas, distillate oil, Arabian Super Light crude and a variety of other fuels. GE is also providing 12 additional units of 7F.05 gas turbines for SEC’s PP13 and PP14 facilities.

“GE is proud to support the generation of more than half of the Kingdom’s power supply,” added Hisham Albahkali, GE’s President & CEO for Saudi Arabia and Bahrain. “From providing gas turbine technologies to long-term services, we are delivering end-to-end support for power plants across the Kingdom to help meet the evolving energy needs of citizens and industrial users.”

GE has more than 500 gas turbines installed in the Kingdom, which provide over 50 percent of the country's electricity. With a presence of more than 80 years, three offices and seven facilities, Saudi Arabia accounts for the largest GE workforce in the Middle East with over 2,000 employees driving the Energy, Healthcare and Transportation sectors.



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Notes to Editor

About SEC:

The Saudi Electricity Company (SEC) is dedicated to strengthening electrical services throughout KSA and beyond, in line with the rapid pace of economic development associated with the Kingdom’s Vision 2030.  As such, the company has focused its massive resources on the implementation of electrical projects that ensure stability and performance of the Kingdom’s electricity system.

SEC has successfully translated its development and expansion goals into reality by investing financial resources into major electrical projects, which resulted in SEC becoming the largest utility company in the Middle East and North Africa.  Furthermore, SEC has since 2014 worked extensively in execution of its Transformation Program, in becoming a world class public utility.

Saudi Electricity Company realized early the importance of electrical interconnection across Arab Gulf States as contributes to the security and development of the region.  SEC has achieved major steps in this regard. Furthermore, SEC is currently implementing an interconnection project with Egypt, which serves as the core to Arab electricity interconnection. SEC also plans to extend its services to several European countries in the future.

About GE:

GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure, and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry.

About GE Power:

GE Power is a world energy leader that provides technology, solutions, and services across the entire energy value chain from the point of generation to consumption. We are transforming the electricity industry by uniting all the resources and scale of the world’s first Digital Industrial company. Our customers operate in more than 150 countries, and together we power more than a third of the world to illuminate cities, build economies and connect the world.

For more information, visit the company's website at Follow GE Power on Twitter @GE_Power and on LinkedIn at GE Power.

For more information, please contact:

Stephen McCallion                                                                     Amr Gamal

GE Communications Leader, Saudi Arabia & Bahrain               GE Communications Director, MENAT

+966 54 919 6404                                                                   +971 52 104 5998

[email protected]                                                       [email protected] 

Kelly Home | Nivine William

ASDA’A Burson-Marsteller

+9714 4507 600

[email protected] | [email protected]

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