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FINANCIAL NEWS
SEC signs USD453 contracts with GE
25 Nov 2013
(MENAFN) Saudi Electricity Co. (SEC) has signed two contracts with the US-based General Electric at USD453 million to maintain gas turbines at new power plants in Riyadh, according to Arab News.
The project will be run over 25 years and divided into two stages; 8 basic years and 17 optional.
The agreement aims to maintain work on 12 gas fields of combined-cycle power plants, which have 1.600 to 1.950-megawatts capacity for each.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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