GE receives US$500 million contract to supply power equipment for world's largest single-site aluminum complex

Project is technological, industrial milestone for Abu Dhabi

Abu Dhabi, UAE; July 30 , 2008: GE Energy has received a contract of more than US$500 million (AED 1.837 billion) to supply equipment to power the world's largest aluminum processing complex at a single site. The Emirates Aluminum (EMAL) production facility is located close to the Arabian Gulf near Al Taweelah, Abu Dhabi, in the United Arab Emirates (UAE).

Using natural gas as its primary fuel, the power plant will feature Frame 9FA gas turbines, C7 steam turbines, heat recovery steam generators and condensers, all provided by GE Energy.

When phase one of the project is complete, the site will have an installed capacity of more than 2,000 megawatts of electricity to be used in the production of 700,000 tons of aluminum per annum. Total production capacity during phase two will reach 1.4 million tons of aluminum, providing an example of technological advancement in the UAE as well as a cornerstone for the ongoing development of the region's industrial sector.

"Gulf states including Saudi Arabia, the UAE, Qatar and Oman are investing billions of dollars to build smelters, utilizing the region's abundant and relatively inexpensive natural gas as a primary source for power generation," said Joseph Anis, GE Energy's region executive for the Middle East. "EMAL's world class, green-field complex will set new standards for the aluminum industry in the Middle East."

"Over the past year we have seen a growing number of opportunities in the Middle East and worldwide where we can apply our gas turbine technology for projects where the power is primarily used by our customers for industrial processes," Anis added. "The EMAL project illustrates our ongoing commitment to supply gas turbines with the reliability and flexibility to meet the demands of these applications."

SNC- Lavalin of Canada and Worley Parsons of Australia have formed a joint partnership to serve as the engineering, procurement and construction management contractors for the project.

"This project is a cornerstone of the enhanced industrial sector that is planned to help pursue Abu Dhabi's vision for a diverse and sustainable economy," said Duncan Hedditch, CEO of EMAL. "The companies supporting this project, such as GE, all have solid records for implementing successful projects in the past."

In addition to benefiting the UAE economy, EMAL is committed to the environment and making sure the production facility meets environmental standards set by the Abu Dhabi Environment Agency.

The EMAL project further expands GE Energy's growing presence in Abu Dhabi and the region. "The Middle East is one of the most important growth areas for GE Energy in the world today," noted Anis. "Since the end of 2006, we have announced more than US$4 billion in projects across the region."

GE Energy has been active in the Middle East since the 1930s, and today has regional offices in the UAE, Saudi Arabia, Qatar, Oman, Bahrain, Kuwait and Egypt, along with local service centers in Saudi Arabia and Abu Dhabi. The company also has opened power plant offices in the region to oversee local projects.

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 US$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 EMAL:
EMAL is a joint venture (JV) between Dubai Aluminium Company Limited (DUBAL) and Mubadala Development Company (Mubadala) and was established in February 2007 to construct the world's largest, single site aluminum production facility. The project will be built in two phases and utilize Emirati-developed technology. The project will encourage economic diversification, creating downstream opportunities beyond oil and gas. As well as benefiting the UAE economy, EMAL is committed to the environment. The production facility adheres to strict environmental standards set by the Abu Dhabi Environment Agency.

Lamia Jaroudi

Middle East Communications Manager

GE Energy

Tel: (+971 4) 429 6161

Email: [email protected]

Rosine Feghali

Emirates Aluminium

Tel: (+971 2) 509 2290

Email: [email protected]

Adnan Abdel-Razzak / Roisin Lillis

ASDA'A Public Relations

Tel: (+971 4) 334 4550