One of General Electric Co’s ( GE.N ) largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to five people familiar with the situation. State-controlled Saudi Electricity Co 5110.SE has qualified at least two companies to provide service or parts for some of its more than 50 GE-made F-class turbines, and it is in talks with two others over investments to set up facilities to service the plants over many years, according to sources with direct knowledge of the matter. These approvals for the first time put Saudi Electricity in a position to break GE’s hold on that work by having others bid against GE on maintaining the F-Class fleet – among the largest owned by a single entity and among the most lucrative service portfolios in the industry – […]