MHI Receives Order for Six M501G Gas Turbines.

Tokyo, Japan, Sept 20, 2006 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI; TSE:7011) has received an order for six M501G gas turbines from Florida Power & Light (FPL) for its West County Energy Center project in Florida. The order was received through Mitsubishi Power Systems Americas, Inc. (MPSA), MHI's power systems operation base in the U.S.

The six gas turbines on order will be core components of the West County Energy Center's two natural-gas-fired gas turbine combined-cycle (GTCC) power generation units; total output will be 2,400 MW, with units #1 and #2 each producing 1,200 MW. Each GTCC power generation unit is to consist of three M501G gas turbines, 250 MW each, a steam turbine and four generators. The two units are planned to go on-line in June 2009 and June 2010, respectively.

The M501G gas turbine is one of the most efficient and largest-capacity - 60 Hz (hertz) - gas turbines in the world, and it enables extremely high temperatures at the turbine inlet of up to 1,500C (2,732F). MHI has achieved large power generation capacity and outstanding efficiency in the G-Series by melding the latest advances in aerodynamics, cooling design and material technologies with its technological expertise accumulated with its D- and F-series. The G-series features a steam-cooled combustor and reduced emissions of NOx (nitrogen oxide). To date, MHI has received orders for more than 30 units of the M501G gas turbines from within Japan and abroad.

With GTCC type power generation, gas and steam turbines are used in combination to generate electricity in two stages, utilizing high-temperature exhaust gas from the gas turbine. This configuration enables GTCC power plants to achieve higher thermal efficiency than non-GTCC plants such as conventional boiler steam turbine plants. As GTCC power plants largely contribute to energy conservation and are more environmentally friendly, demand for GTCC power plants is expected to expand further. Given today's needs to reduce fuel costs to counter surging gas prices, going forward MHI intends to aggressively market its G-type gas turbines as one of the world's most efficient and highest-capacity gas turbines for power generation applications.

About Mitsubishi Heavy Industries, Ltd.

Mitsubishi Heavy Industries, Ltd. (TSE: 7011, 'MHI'), headquartered in Tokyo, Japan, is one of the world's leading heavy machinery manufacturers, with consolidated sales of 2,792 billion yen in fiscal 2005 (year ended March 31, 2006). MHI's diverse lineup of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry and air-conditioning systems. For more information, please visit the MHI website at http://www.mhi.co.jp

Source: Mitsubishi Heavy Industries, Ltd.

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