GE Signs Contract for Lanzhou Meiya Power Project in China.Business Editors CHICAGO--(BUSINESS WIRE)--Dec. 29, 2003 GE Power Systems has signed a contract to provide power generation equipment for the Lanzhou Meiya Cogeneration cogeneration In power systems, use of steam for both power generation and heating. High-temperature, high-pressure steam from a boiler and superheater first passes through a turbine to produce power. project in Lanzhou, People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. It is one of six projects that are part of a previously announced $900 million agreement for GE to supply gas turbine-based combined-cycle systems for China's Gas Turbine turbine, rotary engine that uses a continuous stream of fluid (gas or liquid) to turn a shaft that can drive machinery. A water, or hydraulic, turbine is used to drive electric generators in hydroelectric power stations. Power Plants Construction Project. The signing, held recently at the Chicago Board of Trade Chicago Board of Trade (CBOT) The second largest futures exchange in the US, and a pioneer in the development of financial futures and options. , was witnessed by Liao Xiao Qi, Vice Minister of Commerce and head of the electrical machinery procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. delegation from China. GE is the leading supplier for the Gas Turbine Power Plants Construction Project, one of the largest purchases by the Chinese power industry. As announced in March of this year, GE won an international bidding competition to supply 13 Frame 9FA combined cycle A combined cycle is characteristic of a power producing engine or plant that employs more than one thermodynamic cycle. Heat engines are only able to use a portion of the energy their fuel generates (usually less than 50%). The remaining heat from combustion is generally wasted. systems for six projects under this initiative, two of which will be supplied to the Lanzhou Meiya Cogeneration project. GE and its consortium partner, Harbin Power Equipment Ltd. of China, will manufacture the equipment for all six projects. "With our rapid growth in China, we are positioned to support China's economic expansion and help meet its tremendous power demand," said Mark Little, Vice President-Energy Products for GE Power Systems. "GE is committed and our dedicated team is working with Harbin to make these projects successful." "This is a significant milestone for GE Power Systems in China," said Steve Fludder, Country Executive of GE Power Systems - China. "It represents a winning combination for our customer Meiya Power Company Ltd., our partner Harbin and GE. We are honored to be contributing to the growth of China's energy sector." One Frame 9FA gas turbine is capable of generating 256 megawatts of electricity, while a 9FA combined-cycle system produces 380 megawatts. GE's fleet of F technology machines has compiled more than 8.6 million hours of commercial service worldwide while meeting today's most stringent environmental standards. GE Power Systems has been active in China for more than 90 years and has supplied the country with 56 steam turbines Steam turbine A machine for generating mechanical power in rotary motion from the energy of steam at temperature and pressure above that of an available sink. By far the most widely used and most powerful turbines are those driven by steam. , more than 170 gas turbines and more than 80 hydropower hy·dro·pow·er n. Hydroelectric power. units. In addition, GE has been providing total engineering solutions to help Chinese customers improve the reliability and availability of their energy production and transmission assets and supply. GE Power Systems continues to support China's growing energy industry by reinforcing strategic relationships with local partners and actively participating in activities such as gas turbine power plant construction, hydro hy·dro adj. Hydroelectric. n. pl. hy·dros 1. Hydroelectric power. 2. A hydroelectric power plant. , oil and gas and wind power projects, and the 2008 Beijing Olympics. 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, Georgia, GE Power Systems provides equipment, service and management solutions across the power generation, oil and gas, distributed power and energy rental industries. About General Electric Company GE, with 2002 revenues of $131.7 billion, is a diversified diversified (di·verˑ·s technology, services and manufacturing company with a commitment to achieving customer success. GE operates in more than 100 countries and employs 313,000 people worldwide. All of GE's industrial businesses are present in China with more than 9,000 employees and a total investment of more than $1.5 billion. For more information, visit the company's web site at http://www.ge.com and http://www.ge-china.com. |
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