In Saudi Arabia, Power Is Big
When you talk power in Saudi Arabia, you would be impressed. Installed power capacity must grow by 13% every year through 2015 to keep up with demand; in 2012 alone, $37.5 billion was spent on electricity projects; installed power capacity is expected to grow from 55 gigawatts today to 120 gigawatts by 2020.
Even more, 3.8 gigawatts of additional capacity that GE will help provide in a deal worth nearly $700 million. As part of its work to keep up with fast-rising demand, the Saudi Electricity Company (SEC) recently announced the deal for 12 GE 7F-5 gas turbines, four GE steam turbines and 16 GE generators, along with eight-year service contracts for the equipment. The turbines and generators will power SEC’s new PP13 and PP14 combined-cycle power projects located north and south of Riyadh.
With a combined-cycle efficiency of more than 59%, the 7F 5-series gas turbines can start quickly, ramp up or reduce power output in response to wide grid fluctuations – all while maintaining high fuel efficiency. This is a major benefit to the Kingdom, which is expected to invest more than $100 billions in renewable power projects and already experiences dramatic daily changes in power demand.
GE’s installed base of turbines and generators help provide nearly 50% of all power produced in the Kingdom. For more on GE’s presence in Saudi Arabia, click here. For more on GE’s power solutions, click here.