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Press Release

GE Energy to Supply Monitoring and Control Systems for Taiwan Nuclear Power Plant

February 23, 2005

WILMINGTON, N.C.--(BUSINESS WIRE)--Feb. 23, 2005--GE Energy's Nuclear business has been awarded a multi-million dollar contract to upgrade monitoring and control systems at the Chin Shan Nuclear Power Station in northern Taiwan.

GE's Nuclear business is supplying Taiwan Power Company (TPC) with its Power Range Neutron Monitoring (PRNM) system based on GE's digital Nuclear Measurement Analysis and Control (NUMAC) technology.

The package includes design, hardware and software, engineering, licensing support, installation and training. The system improves reliability and accuracy of the Power Range Monitoring System while reducing maintenance costs and addressing an equipment obsolescence concern.

"GE has long supported Taiwan Power Co.'s mission of providing the public with an abundant, affordable, stable and reliable supply of power," said Andy White, president and CEO of GE's Nuclear business. "We are honored to have the opportunity to enhance our partnership with Taiwan Power."

The 1,272-megawatt Chin Shan Nuclear Power Station is located in the village of Chin Shan, Taipei County, on the northern tip of the island. TPC purchased the GE systems as part of the utility's ongoing efforts to upgrade the power plant. GE is the world's leading designer of boiling water reactors (BWRs), including Chin Shan's two units, which went on line in 1978 and 1979, respectively.

In addition to providing the monitoring equipment, GE will perform the engineering work to customize the PRNM hardware and application software.

The Chin Shan project is the latest monitoring and control system award for GE, reflecting a growing trend in system upgrades in the global nuclear industry as operators seek to extend the useful lifetime of nuclear plants. Control system upgrades, such as the Chin Shan project, increase efficiency and safety, while reducing maintenance costs of the existing power plants.

GE is building the PRNM equipment in the United States. TPC Unit 1 installation and startup is scheduled for September through November 2005 and Unit 2 installation and startup is scheduled for September 2006.

Chin Shan is one of several projects GE Energy has underway in Taiwan. In northeastern Taiwan, at Yenliao near the capital city of Taipei, GE is also building two of its Advanced Boiling Water Reactors for the 2,700 megawatt Lungmen nuclear power station (LMNPS).

GE's Nuclear business, headquartered in Wilmington, N.C., develops advanced light water reactors and provides a wide array of technology-based products and services to help owners of both boiling and pressurized water reactors safely operate their facilities with greater efficiency and output.

About GE Energy

GE Energy is one of the world's leading suppliers of power generation and energy delivery technology, with 2004 revenues of $17.3 billion. Based in Atlanta, Georgia, GE Energy provides equipment, service and management solutions across the power generation, oil and gas, distributed power and energy rental industries.

Contacts

GE Energy, Atlanta
Dennis Murphy, +1 678 844 6948
[email protected]
or
Masto Public Relations
Ken Darling or Tom Murnane, + 1 518 786 6488
[email protected]
[email protected]


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