General Electric Company (GE) Lands New Contract With Saudi Electricity Company

General Electric Company (NYSE:GE) has announced that it secured a contract from Saudi Electricity Company (SEC) to supply eight F-Class gas turbine generators to its Riyadh power plant 12. When this project begins commercial operations in 2015, SEC will add 2,000 megawatts of power to its network. Riyadh power plant 12 is part of a plan to add 33 gigawatts of power generation capacity by 2020.

SEC’s President and Chief Executive Officer was quoted in the press release as saying that General Electric is a trustworthy technology partner which has supported his company in almost 40 projects over past 4 decades. For this important project, company selected GE as partner for its “proven F-class technology.”

The announcement noted that GE has a hand in the generation of over half of Saudi Arabia’s power supply, with over 500 of its gas turbines in place. GE has 1,000 employees and almost 80 years’ experience in Saudi Arabia and is expanding its presence there.

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