GE wins $750m contract

General Electric (GE) yesterday said it won a $750m (£475.9m) contract to supply gas-fired electric turbines to India’s Reliance Power.

The turbines will be part of a 2,400-megawatt expansion of an existing power plant in the Samalkot region of India. Reliance is expanding the plant to take advantage of a large recent natural gas find in India’s Krishan Godavari basin.

GE expects to ship the turbines in the second half of 2011 to meet Reliance’s deadline of beginning operations at the expanded plant by March 2012, said Paul Browning, a GE vice president.

GE expects demand for electricity, and thus turbines, to rise in India as the fast-growing economy exploits the new gas find, Browning said.