GE Provides Turbines in Thailand
GE Energy's oil and gas business has signed a strategic agreement with PTT Utility Company Limited (PTTUT) of Thailand for the supply of equipment and services. PTTUT is an affiliate of PTT, established to provide utilities to PTT's Petrochemical Group. PTT is Thailand's fully integrated energy company and has the largest market capitalization of all energy companies listed on the stock exchange in Thailand.
Under the new agreement, PTTUT and other affiliated companies of the PTT Group will purchase eight GE gas turbine-generator packages within the next four years, for a total value of more than US$80 million. The first gas turbine package awarded under the agreement was purchased by National Petrochemical (NPC), an affiliated petrochemical company of PTT.