BELFORT, France, July 30, 2001 — GE Power Systems has received a contract valued at more than 37.7 million euros from the Central Electricity Generating Company (CEGCO) of Amman, Jordan to supply a gas turbine for an expansion of the Rehab Power Station in Rehab, the Hashemite Kingdom of Jordan.

GE’s turnkey contract includes civil works, design, manufacturing, delivery and installation of a PG9171E gas turbine that will increase the output of the Rehab plant by 92 megawatts. The new gas turbine will be built at GE’s manufacturing facility in Belfort, France. Commercial operation is scheduled to begin in January, 2003, with distillate oil as the primary fuel.

While this is the first order from CEGCO secured directly by GE, there are 15 GE-technology gas turbines installed or on order for projects in Jordan, representing more than 550 megawatts of power.

About GE Power Systems

GE Power Systems (www.gepower.com) is one of the world’s suppliers of power generation technology, energy services and management systems with 2000 revenue of $15 billion. The business has the largest installed base of power generation equipment in the global energy industry. GE Power Systems provides equipment, service and management solutions across the power generation, oil and gas, distributed power and energy rental industries.