GE 9F 3-Series Gas Turbines to Power New Projects in Bangladesh

  GE 9F 3-Series Gas Turbines to Power New Projects in Bangladesh

  *First Projects in the Country to Feature GE Advanced Technology
  *Will Add 675 Megawatts to Expand Bangladesh’s Power Generation Capacity
  *Projects Build on GE’s Growing Presence in the Region

Business Wire

DHAKA, Bangladesh -- October 03, 2012

GE (NYSE: GE) has received contracts totaling $89 million to supply Frame 9F
3-series gas turbines for two new power plants that will produce 675 megawatts
of power to help expand Bangladesh’s power generation capacity. The projects
will be the first in the country to feature GE’s advanced class gas turbine
technology, delivering power with high efficiency, availability, reliability
and low emissions.

GE will provide one 9F 3-series gas turbine and parts to Isolux Ingenieria SA
of Spain, which is building the Siddirganj Power Plant for the Electricity
Generation Company of Bangladesh Ltd. The second 9F 3-series gas turbine will
go to Summit Corporation, an independent power producer that is building a new
plant in Bibiyana, Bangladesh. GE, Isolux and Summit signed the contract today
at a ceremony in Dhaka witnessed by GE Chairman Jeff Immelt, GE India CEO John
Flannery along with Isolux Chairman Luis Delso, Summit Corporation Chairman
Aziz Khan, U.S. Ambassador to Bangladesh Dan Mozena and Bangladesh government
officials.

Immelt noted, “Bangladesh has witnessed consistent economic growth in the past
few years. GE aims to provide support to its customers in Bangladesh by
leveraging its technological expertise and help the government meet its
objective and priorities that contribute to the overall economic development.
These two projects are an indication of Bangladesh’s accelerated growth that
is accentuated by rapid urbanization; thereby increasing the demand for power.
GE is committed to fostering innovations and technologies that build, power,
move and help cure the world; this vision is an enabler that would help the
people of Bangladesh live better lives."

“The Siddirganj project is a very important step in the government’s
initiative to increase Bangladesh’s supply of reliable and efficient power,”
said Delso. “We believe that GE’s advanced gas turbine technology, well proven
in applications worldwide, is an excellent fit to ensure the success of this
vital project.”

“GE has an excellent track record of on-time delivery and strong technology
support for projects around the globe. We have worked with GE on the Megnaghat
project, and the turbines will start producing power by September 2013. We are
confident that they are the right partner to help us successfully execute the
Bibiyana II project,” said Aziz Khan.

The Siddirganj plant will begin commercial operation in the fourth quarter of
2014, while the Bibiyana plant will enter service in the second quarter of
2015. The two plants support the government’s plans to increase the country’s
electricity capacity from 8 to 20 gigawatts in the next 6-8 years. Currently,
Bangladesh is only 50 percent electrified and has a 1.4-gigawatt deficit
during periods of peak demand.

“The Siddirganj and Bibiyana II projects are critical steps in fulfilling the
government’s continuous commitment to bringing much needed reliable and
affordable electricity to the people of Bangladesh. Working with GE’s
best-in-class technology will benefit the operators,” said Dr. Tawfiq-e-Elahi
Chowdhury, energy advisor to the Prime Minister.

Designed for 50-hertz applications, the GE Frame 9F 3-series advanced
technology gas turbine delivers power with high efficiency, availability,
reliability and low emissions. It provides the flexibility required today in
many regions for power that can be rapidly adjusted to compensate for changes
in renewable generation, demand or use. It provides the plant operator with
choices to best meet fluctuating power demands and has accumulated 10.5
million operating hours worldwide.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
curing the world. Not just imagining. Doing. GE works. For more information,
visit the company's website at www.ge.com.

About GE Power & Water

GE Power & Water provides customers with a broad array of power generation,
energy delivery and water process technologies to solve their challenges
locally. Power & Water works in all areas of the energy industry including
renewable resources such as wind and solar; biogas and alternative fuels; and
coal, oil, natural gas and nuclear energy. The business also develops advanced
technologies to help solve the world’s most complex challenges related to
water availability and quality. Numerous products are qualified under
ecomagination, GE’s commitment to providing innovative solutions that maximize
resources, drive efficiencies and help make the world work better. Power &
Water’s seven business units include Aeroderivative Gas Turbines; Gas Engines;
Nuclear Energy; Power Generation Services; Renewable Energy; Thermal Products
and Water & Process Technologies. Headquartered in Schenectady, N.Y., Power &
Water is GE’s largest industrial business.

Follow GE Power & Water on Twitter @GE_PowerWater.

Contact:

GE Power & Water
Milissa Rocker, +1 518-385-2381
milissa.rocker@ge.com
or
Masto Public Relations
Ken Darling or Howard Masto, +1 518-786-6488
kenneth.darling@ge.com
howard.masto@ge.com
 
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