GE Oil & Gas to Supply Compression Units, Services for Three Pipeline Stations in Italy
FLORENCE, Italy--(BUSINESS WIRE)--May 20, 2003--
GE Oil & Gas has signed a contract with Snam Rete Gas to supply three new compression units and services for three compression stations (Gallese, Tarsia and Melizzano) that are part of the Snam Rete Gas nationwide gas pipeline network in Italy. Under the contract, valued at US$43 million, the first unit is scheduled to be shipped in the first quarter of 2004, with commercial operation set to begin during the third quarter of that year. The equipment will be manufactured at the GE Oil & Gas facility in Florence, Italy. Each of the three compression units will include a GE PGT-25 gas turbine with an ISO-rated power output of 23 megawatts, and a PCL602 centrifugal compressor. The units will be supplied with apredictive emissions monitoring system for continuous NOx and CO monitoring, and also will be connected with a remote monitoring and diagnostics system. In addition to supplying the equipment, the scope of the GE contract also includes erection, commissioning and startup activities, spare parts and training. Under a separate, ten-year contractual service agreement, GE will offer operation and maintenance services for the three compression units.
Snam Rete Gas (www.snamretegas.it) operates in gas transmission and re-gasification through its nationwide pipeline network of about 30,000 kilometers. GE Oil & Gas, a unit of GE Power Systems, is headquartered in Florence, the home of Nuovo Pignone, a long-time global leader in gas compression and turbo generation products. GE acquired ownership of Nuovo Pignone in 1994 and has continued to expand its oil and gas business by acquiring or developing partnerships with other technology and experience leaders in the industry. Other companies in the GE Oil & Gas family include Gemini, GE Packaged Power Odessa, Rotoflow, AC Compressor and Conmec, all of the U.S.; Thermodyn of France; and PII Pipeline Solutions of the U.K.
About GE Power Systems
GE Power Systems (www.gepower.com) is one of the world's leading suppliers of power generation technology, energy services and management systems with 2002 revenues of nearly $23 billion. Based in Atlanta, Ga., GE Power Systems provides equipment, service and management solutions across the power generation, oil and gas, distributed power and energy rental industries.
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