Thomas Edison

General Electric makes new investment in Turkey to meet country's rising renewable energy demand

General Electric (GE) has made a fresh $20 million investment in its transformer facility in the northwestern district of Gebze in a bid to meet the country's equipment needs for renewable power plants, which have recently been on the rise. 

GE wins Saudi power plant contract worth nearly $1 bln

General Electric announced on Dec. 31 that it had won a contract worth nearly $1 billion from the Saudi Electricity Company to build and supply a power plant in northern Saudi Arabia.

Under the contract, the U.S. industrial giant will build the Waad Al Shamal combined-cycle power plant and provide four advanced gas turbines, a steam turbine and turbine maintenance services.

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