CHICAGO, ILLINOIS (December 29, 2003) --- GE Power Systems has signed a contract to provide power generation equipment for the Lanzhou Meiya Cogeneration project in Lanzhou, People's Republic of China. It is one of six projects that are part of a $900 million agreement for GE to supply gas turbine-based combined-cycle systems for China's Gas Turbine Power Plants Construction Project.
The signing, held recently at the Chicago Board of Trade, was witnessed by Liao Xiao Qi, Vice Minister of Commerce and head of the electrical machinery procurement delegation from China.
GE is the leading supplier for the Gas Turbine Power Plants Construction Project, one of the largest purchases by the Chinese power industry. As announced in March of this year, GE won an international bidding competition to supply 13 Frame 9FA combined cycle systems for six projects under this initiative, two of which will be supplied to the Lanzhou Meiya Cogeneration project. GE and its consortium partner, Harbin Power Equipment Ltd. of China, will manufacture the equipment for all six projects.
"With our rapid growth in China, we are positioned to support China's economic expansion and help meet its tremendous power demand," said Mark Little, Vice President-Energy Products for GE Power Systems. "GE is committed and our dedicated team is working with Harbin to make these projects successful."
"This is a significant milestone for GE Power Systems in China," said Steve Fludder, Country Executive of GE Power Systems - China. "It represents a winning combination for our customer Meiya Power Company Ltd., our partner Harbin and GE. We are honored to be contributing to the growth of China's energy sector."
One Frame 9FA gas turbine is capable of generating 256 megawatts of electricity, while a 9FA combined-cycle system produces 380 megawatts. GE's fleet of F technology machines has compiled more than 8.6 million hours of commercial service worldwide while meeting today's most stringent environmental standards.
GE Power Systems has been active in China for more than 90 years and has supplied the country with 56 steam turbines, more than 170 gas turbines and more than 80 hydropower units. In addition, GE has been providing total engineering solutions to help Chinese customers improve the reliability and availability of their energy production and transmission assets and supply.
GE Power Systems continues to support China's growing energy industry by reinforcing strategic relationships with local partners and actively participating in activities such as gas turbine power plant construction, hydro, oil and gas and wind power projects, and the 2008 Beijing Olympics.
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