GE lands Mayasian power plant contract
GE Industrial & Power Systems is supplying a turnkey power plant consisting of four gas turbine-generators for a 440-MW independent power project that is being constructed at Port Dickson, south of Kuala Lumpur in Malaysia.
Under a contract for approximately (US)$170 million, GE is acting as turnkey contractor, working with a team of Malaysian companies. GE is providing four MS9001E gas turbines for the plant, which will be owned by Port Dickson Power Sdn Bhd, a private power company. Sime Darby Bhd, Malaysia`s largest conglomerate, owns 40 percent of the power company, Malaysian Resources Corp. Bhd owns 30 percent and Hypergantic Sdn Bhd owns 20 percent. Tenaga Nasional Berhad owns the remaining 10 percent and will purchase the power generated by the plant under a 21-year agreement.
The Port Dickson facility is expected to be in operation by January 1995 with natural gas as the primary fuel and distillate oil as a backup. The gas turbines will initially operate in simple cycle, but the plant can be converted to combined-cycle operation at a later date. GE has more than 30 gas turbines already operating in the country, but this is the company`s first power plant installation there.
GE has also received two contracts totaling approximately (US)$60 million to supply four 500-MW steam turbine-generators and eight feedwater pump turbines for two power plants in Korea. The turbine-generators for both projects will be jointly manufactured with Korea Heavy Industries & Construction Company Ltd., based in Seoul.
Two of the steam turbine-generators and four of the feedwater pump turbines will be used for the expansion of Korea Electric Power Corp.`s (KEPCO) power plant near Samchonpo. The other equipment will be installed at KEPCO`s new, 1,000-MW plant near Hadong.
The equipment going to the Samchonpo site will be used for two new units which are set to begin commercial operation in June 1997 and February 1998. The Hadong equipment is on a similar schedule. Both plants will be coal-fired and are scheduled to provide base load power generation to help meet the country`s growing electricity needs, which are increasing at a 5 percent annual rate.
GE has acquired the majority share of the Italian electrical equipment company Nuovo Pignone. GE now owns 60 percent of the company, with Ente Nazionale Idrocarburi, an Italian-owned energy conglomerate, retaining 20 percent ownership and the remaining 11 percent owned by public shareholders.
Nuovo Pignone manufactures gas turbines, compressors, pumps and related equipment for Europe, North Africa, the Middle East and Asia, and has manufactured and distributed GE gas turbines under license since 1961.