Video Title: (News Update Ge Shares Up 0 5 After Receiving Contracts Totaling Nearly S300 Million)
Video Duration: 1:33
From: TradeTheTrend
Category: News and Politics
general electric nyse:ge shares are trading 0.50 higher at s13.95 after the company announced that it has received contracts totaling nearly s300 million to provide advanced 6fa gas turbines and long-term services for the salalah independent water amp power project iwpp. the purchase is expected to support strong economic growth in the dhofar region of southern oman. the plant will have a capacity of 445 megawatts of electricity and 15 million imperial gallons per day of desalinated water to help meet the region's power and clean water needs. "both the power and water demands in the dhofar region have been increasing steadily over the past several years," said bob whitelaw, chief executive officer of the oman power and water procurement company. "the salalah iwpp is a critical part of the growth and investment plans for the sultanate's continued social and economic development." "the salalah iwpp project demonstrates our commitment to deliver advanced technology solutions and services to support the sultanate of oman's and the region's growing power and water needs, which are critical to providing its citizens with a high quality of life," said joseph anis, ge energy's president for the middle east.
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