GE Power Systems gets $2 billion in equipment, service orders

ORLANDO, Fla., Nov. 14, 2000 (PRNewswire) à‚– Agreements totaling more than $2 billion to supply equipment and services for new power plants, including $1.5 billion for projects in Brazil, were announced today by GE Power Systems at Power-Gen International 2000, one of the world’s largest conferences for the power industry. GE also announced the first two applications of its new, “power plant on wheels.”

The Brazilian agreements include 54 GE gas turbines and additional equipment and long-term service agreements. The equipment will support 15 new power projects that will produce more than 4,600 megawatts to help meet the country’s immediate need for additional power. That is enough electricity to serve more than 1.8 million households. Developers of the new power plants include Petrobras of Brazil, one of the world’s largest oil companies; Enersul of Brazil; and U.S. companies El Paso Energy, Duke Energy International and Xcel Energy.

“This strong level of activity in Brazil is part of a growing global trend toward the use of efficient, environmentally friendly gas turbine technology,” said Mark M. Little, Vice President of Energy Products for GE Power Systems. “We expect to finish 2000 with $23 billion in total orders for energy products and services, a 64% increase over last year.”

Gilbert Amengual, GE’s regional executive for Latin America Power Systems Sales, explained the projects in Brazil are part of that country’s overall energy program to add 15 gigawatts (15,000 megawatts) of additional power by 2003. “We are very pleased to be participating in this initial round of projects, and we are continuing to hold discussions with other customers in Brazil for additional projects,” he said.

Additional Projects Announced at PowerGen by GE Power Systems:

à‚– Two contracts totaling more than $45 million, to supply gas turbines and additional equipment and services for two new power plants in the midwestern U.S.: Massac Enterprise LLC’s 89-megawatt facility in Joppa, Ill. and Dairyland Power Cooperative’s 71-megawatt plant in Elk Mound, Wis.

à‚– An order for 30 aeroderivative gas turbine generator sets in a structured lease arrangement with PPL Global, LLC and a major U.S. bank. Each of the turbine packages will be installed at sites in the U.S. beginning in 2002.

à‚– Contracts totaling nearly $80 million to supply three gas turbines and long-term services for the Al Kamil Power Project in Oman, which will produce approximately 280 megawatts of electricity when it enters commercial service in 2002.

à‚– An announcement on the initial two applications of its new mobile power plant, the TM2500. Producing nearly 23 megawatts of power, this trailer-mounted gas turbine-generator is the world’s largest portable power package. The first five TM2500s were installed this summer at a Commonwealth Edison site in Chicago to provide additional power to meet hot weather demands. In September, the portable power plants were disassembled and shipped to Ireland, where they will be used to help the Electricity Supply Board meet that nation’s increased demand for power during the coming winter months.

About GE Power Systems
GE Power Systems (https://gepower.com) is one of the world’s leading suppliers of power generation technology, energy services and management systems with 2000 revenue estimated at $15.2 billion. The business has the largest installed base of power generation equipment in the global energy industry. GE Power Systems provides turnkey equipment, services and management solutions across the power generation, oil and gas, distributed power and energy rental industries. SOURCE GE Power Systems

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