General Electric Co\'s power and water division said on Wednesday it won US$1.2 billion in contracts from power producers in the United States, Japan and Saudi Arabia for newly-developed heavy-duty gas turbines.
The deals for 19 turbines to be manufactured in Greenville, South Carolina, reflect a gradual, global shift toward using inexpensive natural gas rather than coal or oil to generate power, GE said.
\"Natural gas is more and more becoming a fuel of choice around the world,\" said Paul Browning, who heads GE\'s thermal products division, the biggest within the industrial conglomerate\'s US$28 billion power and water business.
GE says its new technology is more fuel efficient, enables power plants to ramp up and down faster, and incorporates energy from renewable energy sources.
The deals for 19 turbines to be manufactured in Greenville, South Carolina, reflect a gradual, global shift toward using inexpensive natural gas rather than coal or oil to generate power, GE said.
\"Natural gas is more and more becoming a fuel of choice around the world,\" said Paul Browning, who heads GE\'s thermal products division, the biggest within the industrial conglomerate\'s US$28 billion power and water business.
GE says its new technology is more fuel efficient, enables power plants to ramp up and down faster, and incorporates energy from renewable energy sources.