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.
Calpine acquired the Granite Ridge Energy Center from Granite Ridge Holdings for $500 million, subject to working capital adjustments. The 745-MW, combined-cycle, gas-fired power plant is located in Londonderry, New Hampshire. The power plant, which commenced commercial operation in 2003, features two Siemens 501G combustion turbines, two heat recovery steam generators and one steam turbine. Calpine expects the transaction to close by the first quarter of 2016.