GE's Fuel-Flexible Gas Turbine Technology Selected for Power Plant Expansion Project...

GE's Fuel-Flexible Gas Turbine Technology Selected for Power Plant Expansion Project at Largest Iron and Steel Complex in China

Project Offers Major Environmental, Cost Benefits to Steel, Iron
Producers
SHANGHAI, China--(Business Wire)--
GE Energy's fuel-flexible turbine technology has been selected for
the expansion of the world's largest COREX combined-cycle power plant
at the Baoshan Iron & Steel Company (Baosteel) complex in Baoshan
District, Shanghai, China. Fuel flexibility enables Baosteel to take
advantage of a wider range of fuels helping to reduce overall energy
costs.

The Baosteel facility is the largest iron and steel production
complex in China and exports to more than 40 countries worldwide. The
power plant expansion project is designed to increase steel and iron
production and also help reduce Baosteel's operational costs and site
emissions.

Under a $150 million contract, GE will supply a Frame 9E gas
turbine, a SC5 steam turbine, a fuel gas compressor, generators and
additional equipment for the project. GE previously provided similar
equipment for the original power plant that was recently constructed
at the site.

In addition to the traditional use of natural gas, GE's
fuel-flexible gas turbines will enable the Baosteel power plant to
utilize waste gas created during the steel production process. And,
the project offers environmental benefits since less waste gas will be
available to escape into the atmosphere.

Fuel flexibility is a hallmark of the GE Frame 9E gas turbine,
which has the capability to switch from one fuel to another while
running under load. The machine can accommodate a range of fuels such
as natural gas, light and heavy distillate oil, naphtha, crude oil,
residual oil, steel mill gases including COREX and syngases. More than
400 Frame 9E gas turbines have been selected for power generation and
industrial projects worldwide.

The project features the integration of world-leading iron
technology using a COREX furnace instead of the traditional blast
furnace. The COREX process burns uncoked coal, eliminating the need
for a coking plant--one of the primary sources of an iron or steel
production plant's emissions.

The gas produced by the COREX process will be used as the primary
fuel for the 169-megawatt combined-cycle plant, which will provide
electricity to the steel mill and to the local power grid. Backup fuel
will be distillated oil.

"Integrating GE's gas turbine combined-cycle system into the COREX
process improves energy conservation by approximately 10 percent. The
project will help Baosteel address China's growing environmental
concerns while also saving on energy costs," said Jack Wen, GE
Energy's region executive for China. "The Baosteel projects mark the
first applications of our gas turbine technology for a COREX steel
mill in the country, underscoring the value that world-class
technology plays in meeting China's power and environmental needs. "

Shipments of the GE gas and steam turbines to the site are
scheduled for September and November of 2009, respectively. Commercial
startup of the plant expansion is scheduled for January 2010.

GE Energy has been active in China for more than 90 years and has
provided the country with nearly 60 steam turbines and more than 160
gas turbines. GE is a leading supplier of gas turbines for China's Gas
Turbine Power Plants Construction Project, a centerpiece in the
nation's efforts to meet its growing power requirements.

In addition, GE has been providing engineering and service
solutions to help Chinese customers improve the reliability and
availability of their energy production and transmission assets. GE's
China Technology Center in Shanghai is one of the company's four
global research centers.

About GE Energy

GE Energy (www.ge.com/energy) is one of the world's leading
suppliers of power generation and energy delivery technologies, with
2007 revenue of $22 billion. Based in Atlanta, Georgia, GE Energy
works in all areas of the energy industry including coal, oil, natural
gas and nuclear energy; renewable resources such as water, wind, solar
and biogas; and other alternative fuels. Numerous GE Energy products
are certified under ecomagination, GE's corporate-wide initiative to
aggressively bring to market new technologies that will help customers
meet pressing environmental challenges.

About GE

GE is Imagination at Work--diversified technology, media and
financial services company focused on solving some of the world's
toughest problems. With products and services ranging from aircraft
engines, power generation, water processing and security technology to
medical imaging, business and consumer financing and media content, GE
serves customers in more than 100 countries and employs more than
300,000 people worldwide. For more information, visit the company's
Web site at http://www.ge.com.

GE Energy
Thomas Rumsey, 518-385-5162
thomas.rumsey@ge.com
or
Masto Public Relations
Ken Darling or Howard Masto, 518-786-6488
kenneth.darling@ge.com
howard.masto@ge.com

Copyright Business Wire 2008