GE (NYSE: GE) signed a $700 million contract with Saudi Electricity Co. (SEC) to bring additional F-class combined-cycle gas-fired turbines, and associated equipment and services, to power plants in the Kingdom of Saudi Arabia.
GE’s technology was previously chosen for SEC’s PP9, PP10, PP11 and PP12 power plants. PP13 and PP14 will use 12 7F-5 gas turbines, four GE steam turbines and 16 generators. PP13 will be located next to PP11 and PP12 at Dhurma, and PP14 will be located next to PP10 south of Riyadh. The contract also includes two service agreements that covers planned maintenance on the units for eight years.
Shipments are expected to begin in early 2015.
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