Phu My Power Plant Upgrade in Vietnam Marks GE’s First Services Order to be Announced after Acquiring Alstom’s Power & Grid Businesses

BADEN, SWITZERLAND—November 18, 201

GE’s Power Services (NYSE: GE) business today announced the first GT13E2 MXL2 gas turbine upgrade order in Asia at a combined-cycle power plant in Vietnam. GE will upgrade four GT13E2 gas turbines with MXL2 upgrade packages for state-owned enterprise EVN Power Generation Corporation 3 (EVNGENCO3) at the Phu My power complex in Vietnam.

As part of GE’s recent acquisition of Alstom’s Power & Grid businesses, GE’s Power Services integrated a number of Alstom generating technologies into its portfolio, including the proven GT13E2 turbine as well as the MXL2 upgrade package. GE also assumed responsibility for a portfolio of Alstom power plant services contracts, including a long-term service agreement for the Phu My power complex. “We value the proven performance of utilizing the GT13E2 gas turbine technology and are cooperating with GE on MXL2 service upgrade solutions to achieve our operational goals, which we also are supporting through our recently opened gas turbine repair and reconditioning workshop at the Phu My power plant,” said Mr. Dinh Quoc Lam, president and CEO of EVNGENCO3. “We look forward to building on our existing gas turbine technology collaboration now through GE’s Power Services.”

The upgrades are expected to deliver a combined-cycle efficiency increase of 1 percent, resulting in fuel savings of almost 2 percent and reduced CO 2 emissions. Power output will increase by 50 megawatts (MW), and gas turbine inspection intervals will extend to 48,000 equivalent operating hours to reduce maintenance and repair expenses, reducing plant costs and improving profitability.“We are excited to support EVN Power Generation Corporation 3 as it helps Vietnam achieve its strategic energy objectives to support the country’s goals for economic growth,” said Paul McElhinney, president and CEO of GE’s Power Services business.

“With our recent acquisition of Alstom’s power generation technology and services capabilities, we now are able to provide power plant operators with an even greater range of hardware and software solutions to reduce their fuel and equipment life cycle costs and strengthen their competitive positions. With Vietnam’s energy demand rising by more than 10 percent annually, the additional 50 MW this project brings will help ease national power shortages, particularly for the southern part of Vietnam.” The GT13E2 MXL2 upgrade project for EVNGENCO3 is the first to be announced since GE completed its acquisition of Alstom’s power generation assets in early November.

The GT13E2 MXL2 upgrade uses Alstom’s proven F-class turbine blading technology to increase efficiency and extend turbine lifetime. Improved turbine sealing minimizes losses, while advanced cooling technologies enable extension of the service interval. The Phu My upgrade project also supports GE’s focus on Vietnam’s energy sector as part of its Asia Pacific growth strategy. Among its recent project announcements, in September 2015, GE announced that it will provide two high-efficiency, supercritical s