GE to Supply Power for Bahrain Project

GE Energy signed contracts for more than $500 million to supply power generation equipment and services for the largest water and power project in Bahrain, reports say.
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GE Energy

signed contracts for more than $500 million to supply power generation equipment and services for the largest water and power project in Bahrain,

General Electric

(GE) - Get Report

said Thursday, according to reports.

GE said the plant is expected to provide 1,250 megawatts of power, equivalent to 30% of Bahrain's existing electricity grid output, and 48 million gallons of desalinated water per day,

Reuters

reports.

The

Financial Times

says the contract is part of GE's continuation of a push for a greater presence in the Middle East to counteract troubles in its domestic U.S. market.

GE has signed more than $6 billion of contracts in the Middle East during the past year, the

Financial Times

reports.