PLAINVILLE, Conn.--(BUSINESS WIRE)--May 21, 2003--GE Industrial Systems, a division of General Electric Company (NYSE: GE), announced today that they have secured a contract with Enelpower do Brazil for an electric power transmission project worth more than US$50 million to GE.
The project is part of a larger effort to strengthen the inter-regional power transfer capability in Brazil and ultimately help alleviate power shortages in the Brazilian North-Eastern regions.
GE will lead a consortium with Camargo Correa Equipamentos e Sistemas S.A., one of the largest engineering and construction companies in Brazil, to complete the project by the end of October 2003.
The consortium will supply new Extra High Voltage (EHV) electrical power transmission substations and fixed as well as thyristor-controlled series compensation (TCSC) systems. In addition, they will provide field testing, training and maintenance services.
The project will enable Enelpower do Brazil to deliver more energy to heavily populated areas. To ensure that the new systems are successful, GE will include the latest technology to prevent destabilizing power fluctuations.
GE is committed to working with Enelpower do Brazil to strengthen power delivery to the people of Brazil, said Lloyd Trotter, president and CEO, GE Industrial Systems. GE is pleased to be able to work together with Enelpower to provide electrical control and protection systems, bringing peace of mind to Brazilian consumers.
GE is a leader in the power delivery industry, designing, implementing and maintaining systems that enable their customers to provide reliable service to consumers around the world.
About GE Industrial Systems
GE Industrial Systems spans the globe as an industry leader in integrated industrial, electrical and security equipment, systems and services. The business brings to customers the latest technological products used to distribute, protect and control electrical power and equipment, and provides innovative product and service solutions for commercial, industrial, residential and utility applications.
For more information visit the website at www.GEIndustrial.com
About Enelpower
Enelpower, the Enel Group's engineering company, is the Italian leader in Engineering and Contracting for power generation and transmission sectors. The company is currently involved in the construction and conversion into combined cycle of many power plants.
Work sites are in progress in Italy, South America, Europe, Africa and the Middle East. Enelpower's current portfolio includes 15,000 MW of thermo and hydro-electric power plants, and about 2,800 km of HV transmission lines.
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CONTACT: GE Industrial Systems
Terry Dunn, 860/747-7397
[email protected]