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Siemens awarded US$1bn+ Saudi turbine order

Germany’s Siemens AG won an order worth more than US$1bn to sell gas-powered turbines and generators built in North Carolina, to a Saudi power plant.

The deal, disclosed on Wednesday, received US$638m in financing from the US Export-Import Bank. Siemens beat of US competition in the shape of GE as well as bidders from Japan and South Korea.

The 10 turbines and supporting equipment, to be manufactured in Charlotte, North Carolina, will going into a natural-gas powered plant being build in Qurayyah, on Saudi Arabia’s east coast.

“Gas turbine technology … will most likely be the preferred technology to be able to meet the growing electricity demand around the world,” Siemens Energy president and CEO Randy Zwirn said on a conference call with reporters.

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