ussaudiforum - panel 13 - pamela venzke - opportunities in electricity and energy
DESCRIPTION
The 3rd US-Saudi Business Opportunities Forum was held Sep 16-18, 2013, bringing together officials, business people, educators and specialists highlighting the U.S.-Saudi trade relationship and how U.S. companies can participate in Saudi Arabia's expansion. Saudi Arabia is undergoing an extraordinary economic boom. Massive public investment, rapid private-sector growth and new sector initiatives are driving an expansion projected to offer more than $1 trillion in trade and investment opportunities over the next decade. This panel of distinguished experts highlighted the opportunities in electricity and energy.TRANSCRIPT
Energy & Electricity Opportunities – Saudi Arabia
The General Electric Company
Pamela VenzkeManaging Director, Global Government Affairs – Power
& Water
September 18, 2013
© 2013 General Electric Company
• 8 businesses operating in more than 100 countries … 125+ years
• >300,000 employees worldwide • 2012 revenue ~$147B
• 8 businesses operating in more than 100 countries … 125+ years
• >300,000 employees worldwide • 2012 revenue ~$147B
The General Electric Company
Power &
Water$28B
GE Capital$46B
• Commercial
• Consumer
• Real Estate
• GECAS
• EFS
• Appliances
• Lighting
Healthcare
$18BAviation
$20B
Transportation
$6B
• Commercial
• Military
• Service
• Avionics/Systems
• Healthcare Systems
• Life Sciences
• Healthcare IT
• Molecular Diagnostics
• Locomotives
• Services
• PropulsionSystems
2012
~Rev.
• Thermal
• PG Services
• Renewables
• Water
• Distributed Power
• Nuclear
Home & Business Solutions
$8BOil & Gas
$15B
• Drilling & Surface
• Global Services
• Measurement & Control
• PII Pipeline Solutions
• Subsea Systems
• Turbomachinery
• Digital Energy
• Power Conversion
• Industrial Systems
• Intelligent Platforms
Energy Manageme
nt$7B
© 2013 General Electric Company
GE Power & Water
WindRenewables
Water & Process Technologies
Thermal
Solar Nuclear
Power Gen Services
Gas Engines Aero
Cleaner Energy for Future Generations
Distributed Power
© 2013 General Electric Company
~ 1,000 people
>500 GT & ST
>22 GW IB
Knowledge
Sharing
Partnering
• Fuel flexibility R&D KFUPM & ARAMCO
• Repair Development Center• CPA agreement with ARAMCO• MOU with Miahona for water
reuse• Co-ops with universities and colleges: KFUPM, KAUST, Al Hasa and Dammam Colleges of Technology
• TVTC agreement; ~100 students/year
• Scholarships: KFUPM students
Tailored Solution
s
• >500 turbines, ~12GW in the last 3 years
• 180 million liters of clean water per day• Marafiq: world’s largest IWPP • GET Water partnership: >60 mobile
units • Water Reuse solution IMC, Jeddah, 250
m3/day
GE’s energy presence in Saudi Arabia
Investment
>$300M Investment: 6 facilities• Energy Manufacturing Technology Center • Heat Exchange Manufacturing Facility• Pressure Control Manufacturing Facility• Water & Process Technology Center• Sensing Solutions Company• NDT Facility
5 offices6 facilities
Innovative and localized solutions that
allow GEto partner with
customers in regional growth
GrowthProven world class technology
that provides diverse, efficient and reliable solutions
whilst helping customers meet increased
environmental challenges
TechnologyFulfillment and service
capabilities that provide customer satisfaction
Localization
© 2010 General Electric Company.
Our commitment to the Kingdom
Investing together for a sustainable future
Energy & Electricity Opportunities – Saudi Arabia
The General Electric Company
Pamela VenzkeManaging Director, Global Government Affairs– Power
& Water
September 18, 2013