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Publish Date : 28-Sep-2012

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.

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