GE was awarded an EPC contract valued at nearly $1 billion for gas turbine services for the Waad Al Shamal combined cycle power plant of Saudi Electricity Company (SEC). Scheduled for completion in 48 months, the plant will support the phosphate mining operations in the locality. GE will deliver the turnkey power plant, supplying four advanced GE 7F.05 heavy-duty gas turbines and a GE steam turbine. The 1,390-MW combined cycle plant will be able to provide the equivalent power needed to supply more than 500,000 Saudi homes.
Law, compliance, and case management – plus the blurred boundary between FERC and CFTC.
ABB won an order worth $78 million from Saudi Electricity Company (SEC), Saudi Arabia's national power transmission and distribution operator. ABB will supply transformers for two new combined-cycle power plants that will boost transmission capacity around the capital, Riyadh, and surrounding areas of the central region. ABB will deliver generator step-up (GSU) transformers, power transformers and station service transformers for SEC's combined-cycle power plants. The order was booked in the second quarter of this year.
FERC and CFTC begin sharing information to target market manipulation in the energy industry.
Market manipulation versus the right to make a profit.