General Electric (GE) said its power and water division secured contracts worth $1.2 billion for its new heavy-duty gas turbines on Wednesday. The shift to gas powered turbines comes as natural gas hits are near decade-lows amid a North America production boom and Japan's shift away from nuclear power.
Of the 19 turbines order, six are for Chubu, a Japanese utility's 2,300-megawatt plant and eight are for a Saudi Electric Co. project in the capital of Riyadh. The rest of the turbines are for companies in the U.S. including the Cherokee project near Denver owned by a Xcel Energy subsidiary. Hess Corp. (HES) ordered two gas and one steam turbine.This is being posted for archival purposes.
No comment tonight. I'm too tired out. But I'm posting it for archival purposes and bragging rights, if deserved later on. A big "thank you" to Don for sending me the link.
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