GE Power wins contract for four nuclear turbines

GE Power wins contract for four nuclear turbines: GE Power won a contract to deliver four nuclear turbine islands to the 4.8 GW Dabaa nuclear power plant, the company said in a statement on Tuesday. The units — made up of four nuclear turbine generator sets, including the Arabelle half-speed steam turbines — will be installed and delivered through AAEM, GE’s joint venture with Russia’s Atomenergomash. While the company statement did not note the value of the contract, Bloomberg pegs it at USD 700 mn. The turbine contract is GE’s largest in the Middle East and North Africa and Turkey so far this year, GE North East Africa CEO Ahmed Ramadan told the business information service.