BELFORT, France, Jan. 30, 2001 (BUSINESS WIRE)—Pluspetrol SA, an Argentine company involved in oil and gas exploration and production worldwide, is developing a new, 120-megawatt power plant based on a gas turbine supplied by GE Power Systems.

The facility is located in Ave Fenix, Argentina, near the city of Tucuman, the capital of Tucuman Province.

GE Power Systems supplied an MS9001E gas turbine from its Belfort, France manufacturing facility for the project. Under a turnkey contract of approximately U.S.$29 million, GE also is supplying a generator, civil work and site erection services. Commercial operation of the new plant is scheduled to begin in mid-2002.

The baseload plant will supply electricity for Pluspetrol who will sell the power to the Argentinean wholesale market through CAMESA, a power distribution company. Natural gas will be the primary fuel.

GE Power Systems already has a strong presence in Argentina. To date, a total of 109 GE-technology gas turbines and 26 steam turbines have been ordered or installed for projects in the country, representing 4,765 megawatts of power.

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 of $15 billion. The business has the largest installed base of power generation equipment in the global energy industry. GE Power Systems provides turnkey equipment, service and management solutions across the power generation, oil and gas, distributed power and energy rental industries.