General Electric inks gas turbine contracts in Qatar, UAE
US giant General Electric (GE) has signed three contracts to supply, upgrade and service gas turbines in Qatar and United Arab Emirates (UAE) worth a combined $260 million, the company said Thursday, August 30.
Qatargas signed two five-year contracts totaling $200 million in Doha with GE/Nuovo Pignone, a GE-controlled GE Power Systems representative company in Italy, to maintain and upgrade gas turbines.
The UAE Federal Electricity and Water Authority signed a $60.5 million contract to buy two 123 megawatt gas turbines for the Qidfah power plant in the northern emirate of Fujairah and the Nakheel plant in nearby Ras Al-Khaimah emirate.
Both plants will double capacity once the new turbines are operational in early 2003, the company said in a statement which did not give a date for the signings. GE Power Systems is a world leading supplier of power generation technology and energy services with estimated revenue in 2000 of $15.2 billion. –(AFP, Dubai)
© Agence France Presse 2001
© 2001 Mena Report (www.menareport.com)