Sept. 23, 2002 — GE Hydro, a unit of GE Power Systems, has been awarded a contract valued at more than CDN $40 million by Hydro-Quebec for the supply and installation of eight hydroelectric generators at two power stations near the city of Cadillac.

The rehabilitation project will improve the plants’ reliability and increase power output capacity by 25 percent.

Located on the Outaouais River in the Abitibi Temiscamingue region of Quebec, the Rapide-2 and Rapide-7 Generating Stations will each replace four generators with generator units from GE.

The project will replace the original generators, which have been operating since the plants were first commissioned in the 1940s and ’50s. This is the first phase of Hydro-Quebec’s plan to completely modernize these plants and maximize their output.

The generator upgrade will increase the generating capacity of the run-of-river facilities from 48 megawatts to 60 megawatts. The majority of the equipment for the project will be manufactured at GE’s Lachine, Quebec, facility.

The units will be shipped at the rate of one per year to each of the sites beginning in April 2003 and concluding in 2006.

“Canada represents a vital and growing part of the global hydro business. We see continued strength in virtually all aspects of the Canadian hydro industry, including new units, turbine and generator refurbishments/upgrades and new small hydro projects.

This project represents another key contract for GE Hydro in Canada, as well as for our generator Center of Excellence in Lachine, which will be fulfilling the contract,” said Gilles Girard, Canadian regional sales manager, GE Hydro.

Hydro-Quebec, the provincial utility based in Montreal, supplies electricity to more than 3.5 million customers in Quebec. Its 51 hydroelectric generating stations produce 96 percent of the utility’s total power output.

The company also does business with many power companies in northeastern North America and participates in energy infrastructure projects on several continents.

Hydro-Quebec has announced plans to increase its annual generating capability by at least 12 TWh by 2006 to meet domestic power needs and capitalize on wholesale power markets. GE Hydro is a world leader in the supply of hydro turbines, generators, and related electro technical equipment for the hydropower production industry.

Capabilities include complete water-to-wire solutions for new hydroelectric plants and refurbishment and service for existing plants.

About GE Power Systems

GE Power Systems (www.gepower.com) is a supplier of power generation equipment, energy services and management systems, with 2001 revenues exceeding $20 billion.

The business has the largest installed base of power generation equipment in the global energy industry.

Based in Atlanta, Georgia, GE Power Systems provides equipment, services and management solutions across the power generation, oil and gas, distributed power and energy rental industries.