GE Receives nearly $300 Million Contract; Project Supports Kingdom's Energy Efficiency Initiatives
GE (NYSE: GE) has received a contract of nearly $300 million to supply five steam turbines for a major expansion of the Saudi Electricity Company's (SEC) Qurayyah Open Cycle Power Plant in Saudi Arabia's Eastern Province. The five steam turbines will join 15 GE F-technology gas turbines already operating at the site, converting the plant to combined-cycle operation to help Saudi Arabia meet its goals for greater power generation capacity and efficiency.