Share
Siemens Energy's expanded Charlotte hub will make 10 gas turbines that are part of a $1 billion sale in Saudi Arabia, the company said today.
The Charlotte-made turbines will be part of an order to include turbines and generators Siemens will build at other locations. It's one of the largest gas turbine orders of the past decade, Siemens said, and reflects the global surge in natural gas to generate electricity.
The ten turbines are the second order to be produced by Siemens' $350 million gas turbine expansion in Charlotte that opened in November. With the expansion, Siemens expects its Charlotte site to increase exports to $400 million a year.
The Export-Import Bank last Thursday approved a $638 million loan to finance the sale to Hajr for Electricity Production Co. in Riyadh, Saudi Arabia. The company will build a gas-fired, combined-cycle plant with a capacity of 4,000 megawatts in Qurayyah, on the kingdom's eastern coast.
The bank is an independent federal agency that helps foreign buyers purchase U.S. goods and services.
Its financing helped Siemens win the sale against competitors from Japan, Germany and Korea.
