GE, Taiwan Power Sign Five-Year Wind Turbine Service Agreement

  GE, Taiwan Power Sign Five-Year Wind Turbine Service Agreement

  *Deal Covers 26 GE Wind Turbines Operating in the Country
  *Fleet Generates More Than 100 Million Kilowatt-Hours of Green Electricity
  *Enables Increased Annual Energy Production, Reduced Cost of Electricity

Business Wire

SCHENECTADY, N.Y. -- December 18, 2012

GE (NYSE: GE) and Taiwan Power Company have signed a five-year, full service
agreement (FSA) covering 26 GE 1.5-megawatt class wind turbines operating
throughout Taiwan. Under the agreement, valued at nearly $11.4 million, GE
will provide a full scope of services including planned and unplanned
maintenance, repairs and spare parts. The agreement guarantees fleet
availability of greater than 95 percent.

“GE’s record of proven service performance was important to us in signing this
agreement,” said Chen Yi-Chen, chief of the department of renewable energy,
Taiwan Power Company. “We are confident that GE will provide a high level of
professional service for our wind turbine fleet, including availability
guarantees and predictable expenditures on turbine operation in the years
ahead.”

Of the 26 GE wind turbines, 23 are located in Taoyuan County, and three are
located in Kenting Township. The fleet contributes more than 110 million
kilowatt hours of green electricity to the Taiwan power grid or enough energy
for 28,000 Taiwan households.

GE FSAs are complete packages including all planned maintenance activities
such as remote monitoring and troubleshooting, routine services, preventative
maintenance, on-site support and parts support as well as unplanned
maintenance such as up-tower inspection and repair, condition monitoring,
turbine performance and life extension solutions.

The FSA provides customers with operational assurance and the opportunity to
work with GE to increase annual energy production and reduced cost of
electricity.

“With an experienced field team on-site, the wind turbines will be maintained
at a high operating level, enabling Taiwan Power to maximize performance and
profitability,” said Andy Holt, general manager of wind services for GE.
“Whenever there is an issue, GE experts will respond quickly and skillfully,
keeping any turbine downtime to a minimum.”

GE service agreements are supported by the company’s vast resources, including
global service facilities and a network of skilled, highly trained local
technicians that are closely connected to GE’s engineering organization.

GE has worked with Taiwan Power Company for decades in the nuclear power and
gas turbine sectors and in the wind business since 2005.

Taiwan Power Company, Ltd. is engaged in power generation from fossil fuels
and renewable energy sources. A state-owned electric power utility, the
company’s principal business activities include power development, power
supply and investment in power-related business. Taiwan Power has a generating
capacity of 38,082 megawatts and serves about 11.9 million customers.

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 and GE Renewable Energy on Twitter @GE_PowerWater and
@GErenewables.

Contact:

GE Power & Water
Katelyn Buress, +1 518-385-3545
katelyn.buress@ge.com
or
Masto Public Relations
Ken Darling or Beth Coffman
+1 518-786-6488
kenneth.darling@ge.com
beth.coffman@mastopr.com
 
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