GE signs $260 million contracts in Qatar and UAE
The American conglomerate General Electric (GE) has recently signed three contracts for the combined worth of $260 million, providing for the supply, upgrade and maintenance of gas turbines to Qatar and the United Arab Emirates (UAE), reported Al-Sharq Al-Awsat daily.
Under the two Qatari contracts, the GE Power Systems representative company in Italy, Nuovo Pignone, will provide a five-year maintenance and upgrading service for 18 gas turbines used by the Doha-based Qatari Liquefied Gas Limited Company, QatarGas.
The Emirati agreement provides for the delivery of two 123-megawatt gas turbines of the category E9 to the Emirates Electricity and Water Federal Authority, by the year 2003. The first turbine will be installed in Fujairah’s Qidfah energy generation station, while the second turbine will be set up in Nakheel plant, near Ras Al-Khaimah emirate.
GE Power Systems is an international supplier of power generation technology and energy services. The company posted revenues estimated at $15.2 billion in 2000. — (Mena Report)
© 2001 Mena Report (www.menareport.com)
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