GE Awarded $700M Contract by Saudi Electricity Company

aGE Awarded $700M Contract by Saudi Electricity Company | Benzinga Benzinga Benzinga Pro Marketfy Facebook Twitter LinkedIn Google+ RSS Free Streaming News Membership is FreeWhat are you waiting for? Sign up now! Username: Username available!Username taken! Email: Email available!Email taken! Password: Leave blank: already have an account?User LoginI bet you can't wait to get back in here... Username or email: Password: need an account?Forgot password? Contribute Login Sign up Benzinga - Feed Your Mind. HomeBest of BenzingaCareersAboutContact UsPartnersNewsEarningsGuidanceDividendsM&ABuybacksLegalManagementRetail SalesOfferingsIPOsInsider TradesBiotech/FDAMarketsPre-MarketAfter HoursMoversForexCommoditiesOptionsBondsFuturesGlobal EconomicsPreviewsReviewsRatingsAnalyst ColorDowngradesUpgradesInitiationsPrice TargetIdeasLong IdeasShort IdeasTechnicalsFrom The PressJim CramerRumorsETFsTechStart-UpsSmall-CapTrading Strategies & Education EarningsGuidanceDividendsM&ABuybacksLegalManagementRetail SalesOfferingsIPOsInsider TradesBiotech/FDA Market Overview TickersArticlesKeywordsSearch by keyword...googlecse GE Awarded $700M Contract by Saudi Electricity Company Charles Gross, Benzinga Staff Writer November 26, 2013 9:20 AM + Follow Print Email Tickers: GE Share: GE (NYSE: GE) has signed a nearly $700 million contract with SaudiElectricity Company (SEC) to bring additional F-class combined-cycle gasturbines, and associated equipment and services, to the Kingdom of SaudiArabia. GE's technology will support SEC's large, combined-cycle powerplants to generate more than 3.8 gigawatts (GW) of power and willprovide significant fuel savings and lower emissions to meet today'sgrowing energy needs of the Kingdom.“We chose GE once again for our largest project because of theiradvanced technology, which features proven efficiency performance,” saidMr. Ali Albarrak, president and CEO of SEC. “In addition, GE technologyhas the ability to respond to dramatic daily changes in power demandwhileSee full press releasePosted-In: News Guidance Contracts Management GlobalPartner Network var Scribol; if(typeof Scribol=="undefined"){Scribol={}; Scribol.frames=[];Scribol.site="http://scribol.com/";Scribol.is_preview=false;} Scribol.frames.push("1150229");   Around the Web, We're Loving... Come Learn 6 Proven Trading Strategies at Our Holliday Trading Summit Lightspeed Trading Presents: Intra-day and Swing Trading the First Two Hours of the Market Rumsfeld: Denial of Benefits to Fallen Soldiers' Families 'Inexcusable' Come See How the Pro's Trade in this Exclusive Webinar Facebook, Baidu Lead Big Caps Beating Shutdown What Should You Know About AMZN? Most Popular Five Star Stock Watch: Zynga, Inc. Boeing's Wrong Airport Landing Could Have Been Worse Earnings Expectations For The Week Of November 25: Hewlett-Packard, Tiffany And More Google's Eric Schmidt Says Switch Your Apple Friends to Android Could Banks Start Charging You to Hold Your Deposits? Disney Cuts Pixar's Workforce After Film Delay Related Articles (GE) GE Awarded $700M Contract by Saudi Electricity Company Concord Medical to Establish a Medical Imaging Diagnosis Center in Shanghai For the Patient Investor, High-Dividend, High Beta Stocks Can Be Highly Rewarding Boeing Flies Third 787-9 Dreamliner Test Flight ETF Outlook for Tuesday, November 19, 2013 (IGV, VDE, FXI, VIS, DIA) Benzinga's M&A Chatter for Monday November 18, 2013 Partner Network Get Benzinga's News Delivered Free Zing Talk: Daily Top Stories PreMarket Primer See More » Weekly ETF Outlook Weekly Options Outlook Daily Ratings Summary Posts by Charles Gross USANA Joins UK Direct Selling Association Marbridge Report Qihoo to Split Mobile Game Business from 360 Mobile Assistant Men's Wearhouse Proposes to Acquire Jos. A. Bank for $55 Per Share In Cash Men's Weahouse Spikes Higher Jacobs Awarded Contract from QGC, Terms Not Disclosed Most Read Most Recent 1 Five Star Stock Watch: Zynga, Inc. 2 Boeing's Wrong Airport Landing Could Have Been Worse 3 Earnings Expectations For The Week Of November 25: Hewlett-Packar... 4 Google's Eric Schmidt Says Switch Your Apple Friends to Android 5 Could Banks Start Charging You to Hold Your Deposits? 6 Disney Cuts Pixar's Workforce After Film Delay 7 BlackBerry Says COO, Chief Marketing Officer to Leave, James Yers... 1 UPDATE: Compass Point Reiterates on Agree Realty on Model Update... 2 UPDATE: Stifel Initiates Coverage on Qunar Cayman Islands on Fair... 3 UPDATE: Jefferies Initiates Coverage on The Container Store Group... 4 UPDATE: Jefferies Initiates Coverage on Haemonetics as Stock is S... 5 UPDATE: J.P. Morgan Initiates Coverage on The Container Store Gro... 6 Novogen Files Suite of Patents for Anti-Tropomyosin Drug Technology 7 UPDATE: Oppenheimer Initiates Coverage on Galena Biopharma on Neu... Benzinga Professional Subscribe 9:13 AM IHS Sees Worldwide Processor Shipments Hitting 1.5B Units, Expecting Q3 Market Expansion at 19%, Q4 Expansion at 24% 9:11 AM Craig-Hallum Initiates Coverage on ValueVision Media, Inc. at Buy, Announces $10.00 PT 9:10 AM Moody's Expecting US Holiday Sales Growth 4.5-5.5% Over Nov., Dec., Sees Holiday Sales Growth Improving as Consumers Release Pent-Up Demand 09:07 AM UPDATE: Compass Point Reiterates on Agree Realty on Model Update Following Equity Raise 09:06 AM UPDATE: Stifel Initiates Coverage on Qunar Cayman Islands on Fair Valuation 09:05 AM UPDATE: Jefferies Initiates Coverage on The Container Store Group on Valuation 9:04 AM Star Bulk Carriers Corp. Reports Q3 EPS of $0.13 Which May Not Compare $(0.06) Est 9:02 AM Bassett Announces Special Dividend of $0.20/Share 9:02 AM FDA Okays Merck's Noxafil DR Tablets 9:02 AM US housing starts off the docket until 18 Dec via ForexLive 9:02 AM US housing starts off the docket until 18 Dec via ForexLive 9:01 AM High frequency trading battle heats up via ForexLive 9:01 AM High frequency trading battle heats up via ForexLive 9:01 AM October US building permits 1034k vs 930k exp via ForexLive 9:01 AM October US building permits 1034k vs 930k exp via ForexLive Benzinga is a fast-growing, dynamic and innovative financial media outlet that empowers investors with high-quality, unique content. Popular ChannelsAnalyst RatingsBe Your Own BossETFsEconomicsForexHotNewsOptionsPress ReleasesStart-upsTechTools & FeaturesAffiliate ProgramBadgesFeedsNews WidgetReal Time FeedSitemapSubmit News TipsAbout BenzingaAbout UsBlogIn the NewsCareersContact UsDisclaimerPrivacy PolicySyndicationTerms and Conditions Benzinga Partners 1 (877) 440-9464 (ZING) Benzinga.com © 2013 UPDATE: Compass Point Reiterates on Agree Realty on Model Update Following Equity Raise