GE Unit Earns $310M in Natural Gas-Fired Services Contracts

GE reaches agreement to provide services for the 379-MW Nueva Renca Power Plant

General Electric’s (NYSE: GE) Power Services business has secured more than $310 million in orders for three power plants in Latin America.
GE was awarded a multiyear agreement from TECHINT Group to provide long-term maintenance services for three 7FA.05 gas turbines and a D11 steam turbine that will be installed at the new TECHGEN Power Plant in Mexico. Tenaris S.A., Ternium S.A. and Tecpetrol International S.A. are jointly building the 850 to 900-MW plant that is expected to begin commercial operation in fourth quarter 2016.
GE’s Power Services also signed a 15-year agreement with Sociedad Eléctricidad Santiago SpA in Chile to provide services for the 379-MW Nueva Renca Power Plant. GE will upgrade the 9FA gas turbine with its DLN 2.6+ technology advanced combustion system and software solutions including OpFlex gas turbine controls and Blade Health Monitoring for the compressor.
The Power Generation Company of Trinidad and Tobago Ltd. (PowerGen Ltd.) picked GE’s Power Services business to replace two MS7001E (Frame 7E) gas turbines at the 236-MW Penal Power Station with two MS7001A 9Frame 7EA) gas turbine units. The upgrade is expected to increase the output of the plant by 26 MW and improve the heat rate by 2.25 percent. The project also includes a 16-year maintenance agreement in which GE will supply spare parts and repairs as needed.

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