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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
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05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
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