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GE Energy Signs Contract for Nearly US$1 Billion to Support New Power Plant Project in Saudi Arabia

Posted on February 11, 2009

GE Energy has signed a contract for nearly US$1 billion to supply more than 30 Frame 7EA gas turbines for the Saudi Electricity Company’s (SEC) Riyadh Power Plant 10 (PP10). This project, the latest in a series of GE contracts for SEC power projects, will add 2,000 megawatts of much needed power to help support the region’s dynamic economic and population growth.

The PP10 project addresses energy shortages during the summer months and when completed, increases the power capacity in SEC’s Central Operating Area by 20%, helping to improve the reliability and delivery of power to SEC’s customers. PP10 is the latest expansion at SEC’s Riyadh site, which currently has a total power output of 10,000 megawatts.

The PP10 agreement, which was booked in December 2008, brings GE’s orders for SEC projects to nearly US$2.5 billion in the last three years. In the last five years, GE has received commitments to supply 115 gas turbines for SEC projects.

The GE Frame 7EA gas turbines for PP10 will be shipped to an engineering, procurement and construction (EPC) contractor, with the first units scheduled to enter service in the first half of 2010, and the rest by 2011. These units will bring the number of GE Frame 7EA gas turbines installed in the Kingdom to more than 200.

For more information: WWW.GE.COM

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