“Saudi Electricity Co., the kingdom’s largest utility, selected General Electric Co. to help expand four power plants in contracts valued at more than $500 million.
GE will supply gas-turbine technology and services for the projects, which will meet half of Saudi Electricity’s targeted increase in annual output, the U.S. company said in an e-mailed statement today.
“These fast-tracked plant expansions are designed to meet peak summer demands,” Saudi Electricity’s Chief Executive Officer Ali al-Barrak said in the statement.”
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