GE and Harbin to Provide Large, High-Efficiency Gas Power Plant to Help Meet Energy Demand in Pakistan

In an effort to avoid blackouts and meet the power needs of nearly 190
million people, the Punjab government in Pakistan is working to provide
more affordable, reliable power as quickly as possible. To help reduce
the projected 5 gigawatt (GW) energy shortfall, GE (NYSE:GE) will
provide two high-efficiency 9HA.01 gas turbines and associated equipment
to Harbin Electric International Company Limited (HEI), a longtime
business associate, for the new 1.1 GW Bhikki combined-cycle power
plant. Harbin will handle engineering, procurement and construction of
the plant.

The Bhikki plant will be able to generate the equivalent power needed to
supply more than six million Pakistani homes, and is likely to be the
largest, most efficient power plant in Pakistan. It is expected to enter
commercial operation in 2017. This project marks the first HA orders in
the Middle East and North Africa region and the 20th and 21st worldwide.
GE’s 9HA is the world’s largest, most efficient gas turbine.

“We are committed to meeting the growing demand for power to drive
industrial growth and all-round economic progress as well as to promote
the welfare of our people,” said Ahad Khan Cheema, CEO, Quid-e-Azam
Thermal Power Limited, on behalf of the government of Punjab. “As part
of this, we are not only investing in new plants but also strengthening
public-private collaboration to ensure that advanced technologies are
deployed to meet the growing demand. GE and Harbin are moving forward
with an accelerated time frame to add additional power to the grid.”

Joe Mastrangelo, president and CEO, gas power systems at GE Power &
Water added, “The Bhikki project is another testament to the long-term
commitment of GE to serve as an active partner in helping to meet
Pakistan’s development needs. We have established strong partnerships in
the power sector, and the introduction of our HA gas turbines, a
significant first for the region, underlines our focus on bringing the
latest technologies to enhance the operational efficiency and
productivity of power plants.”

“The Bhikki combined-cycle plant is a strong example of technical
collaboration between GE and Harbin in providing the most advanced
combined-cycle power plant solutions,” said Mr. Guo Yu, chairman of HEI.
“Deploying GE’s advanced HA technology is a game changer for the
industry as it supports the government’s goal to ensure affordable,
reliable and efficient power generation to meet growing demand.”

With the Bhikki plant, 21 HA units have been ordered and 68 HA units
have been technically selected¹ by customers around the
world. GE’s H-class technology has been embraced by customers in Korea,
Japan, the United Kingdom, Brazil, the United States, France, Russia,
Germany, Turkey, Egypt, Pakistan and Argentina.

GE’s HA gas turbines provide a combination of the most output, highest
efficiency and best operational flexibility and lead the industry in
total life cycle value. The 9HA.01 offers a net combined-cycle
efficiency of more than 61 percent and leads the industry with cleaner,
reliable and cost-effective conversion of fuel to electricity.

The 9HA gas turbine completed off-grid, full-speed, full-load validation
testing in January 2015 at the world’s largest, most thorough gas
turbine test stand located at GE’s manufacturing facility in Greenville,
South Carolina. This testing facility has attracted industry visitors
from around the world.

Among key agreements in the country, GE has signed a memorandum of
understanding with the government to develop Pakistan’s energy resources
to meet the projected demand of 54,000 megawatts by the year 2020. GE
will assist the government in achieving its goals by engaging in
Pakistan's energy, transportation and water sectors and will work to
identify potential sources of funding and explore potential investment
opportunities in those sectors.

About Harbin Electric International

Harbin Electric International Company Limited (HEI) is an important
member of the Harbin Electric Corporation, and is China’s leading
large-scale enterprise in power project contracting and the export of
power equipment. Established in 1983, HEI is primarily engaged in the
engineering, procurement and construction of thermal, hydro and
combined-cycle power plants, and the supply of complete sets of
equipment; moreover, the company can be contracted to build large-scale
transmission facilities and public utilities, and provides professional
comprehensive after-sales service. Since 2014, HEI has expanded its
business in power investment to help resolve a global shortage of
electric power.

For more information, visit the company's website http://www.china-hei.com

About GE

GE (NYSE:GE) is the world's Digital Industrial Company, transforming
industry with software-defined machines and solutions that are
connected, responsive and predictive. GE is organized around a global
exchange of knowledge, the "GE Store," through which each business
shares and accesses the same technology, markets, structure and
intellect. Each invention further fuels innovation and application
across our industrial sectors. With people, services, technology and
scale, GE delivers better outcomes for customers by speaking the
language of industry. www.ge.com

About GE Power & Water

GE Power & Water provides customers with a broad array of power
generation, energy delivery and water process technologies to solve
their challenges locally. Power & Water works in all areas of the energy
industry including renewable resources such as wind and solar; biogas
and alternative fuels; and coal, oil, natural gas and nuclear energy.
The business also develops advanced technologies to help solve the
world’s most complex challenges related to water availability and
quality. Power & Water’s six business units include Distributed Power,
Nuclear Energy, Power Generation Products, Power Generation Services,
Renewable Energy and Water & Process Technologies. Headquartered in
Schenectady, N.Y., Power & Water is GE’s largest industrial business.

For more information, visit the company's website at www.gepower.com
and http://powergen.gepower.com.

Follow GE Power & Water and GE Power Generation on Twitter @GE_PowerWater
and @ge_powergen.

¹ A technical selection is one of the first steps in
developing a new power plant. It means that if the power plant is
constructed and commissioned, it will use GE gas turbines. Following
technical selection, a developer will proceed with securing financing,
permitting and more.

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