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)
