Panda Energy and GE Power Systems have signed agreements worth a total of $2 billion.
Panda Energy will buy 24 MS7001FA gas turbines and 12 steam turbines from GE, for power plants in Oklahoma, Arizona, Florida and Pennsylvania. In addition, Panda has signed long-term service agreements worth $800 million with GE, covering six power plants currently under development.
The long-term service agreements will cover all scheduled maintenance on the turbines for 12 years.
Panda has also agreed to buy $10 million of water treatment systems for 11 sites to be supplied by GE Glegg Water Technologies.