General Electric Co said on Wednesday it had received orders for $1 billion in power-generation and water-processing projects in Saudi Arabia. The world's second-largest company by market value said it had agreed to work on a new Marafiq power generation and water desalination plant in Jubail Industrial City.
GE said it also had agreed to build a power plant in Riyadh with Saudi Electricity Co Saudi Arabia said in December that it would nearly double its output of electricity to 67,000 megawatts of capacity within six years. Heavy reliance on air-conditioning in the desert country has stressed the electric grid, and Saudi Electricity in August was forced to ration electricity in parts of the country for two weeks in August.
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