GE wins $500m contracts from Saudi Electricity

KHOBAR, May 3 (Reuters): State utility company Saudi Electricity Co (SEC) has awarded General Electric (GE) contracts worth more than $500 million to help SEC add 1,680 megawatts (MW) of generation capacity, the US firm said Monday. GE is the largest provider of turbines for SEC. Under the deal, GE would supply equipment and provide technology for four projects which include a 600 MW expansion of the Qurayyah power plant on the East coast of Saudi Arabia, a 480 MW expansion of the PP-10 power plant near Riyadh, a 480 MW expansion at Qassim and a 120 MW expansion of a power facility near Tabouk, GE said in the statement. Saudi-based Arabian Bemco Contracting Co will conduct the engineering procurement and construction (EPC) work for the expansion at Qurrayah, Qassim and PP10 while Al Toukhi Construction Group would provide EPC services for the facility near Tabouk, GE said.