GE Announces More Than $800 Million in Digital Industrial Power Orders for Asia-Pacific Region
- Includes more than $660 million in Power Services orders
- First total power island order in Asia and first HRSG technology use following Doosan acquisition in August 2016
- Strong customer support of high efficiency solutions throughout region
SEOUL, KOREA-September 20, 2016-GE Power, a division of GE (NYSE: GE), today announced more than $800 million in new orders across the Asia-Pacific (APAC) region, showcasing the company’s leadership in providing regional customers with more efficient, reliable and sustainable solutions for the digital transformation of electricity. Announced at this year’s Power-Gen Asia industry conference in Seoul, GE’s APAC orders span across the company’s comprehensive power generation portfolio. Orders include the first heat recovery steam generator (HRSG) technology project following GE’s acquisition of Korean-based Doosan Engineering & Construction Heat Recovery Steam Generator (HRSG) business in August 2016.
“In a post-COP21 world, GE is able to provide its latest digital industrial solutions to help increase efficiencies, reduce environmental impacts and lower costs for our customers and EPC partners,” said Steve Bolze, president and CEO of GE Power, during his opening keynote session at Power-Gen Asia. “With our portfolio today, we are excited to bring our best resources and expertise to the APAC region and help to power everyone.”
At the 2015 United Nations Climate Change Conference (COP21), Korea announced its aim to reduce greenhouse gas emissions by 37% by 2030. GE’s broad power generation portfolio is well positioned to support the country’s goals and regional customer needs with the latest high-efficiency technologies. GE’s current Asia Pacific gas turbine fleet consists of more than 1,000 units across 15 countries, comprising the largest gas turbine portfolio in the region. GE units can deliver from 22 megawatts (MW) of power up to 519 MW, the equivalent power that would be needed to supply more than 1 million homes in countries such as Japan and Korea. More than 20,000 GE professionals work in the region with dedicated facilities in 10 countries.
Today’s announcement includes more than $660 million in orders from GE’s Power Services business (signed during the last 90 days), providing customers with other-OEM service capabilities. Power Services expanded its total plant solutions capabilities with GE’s acquisition of Alstom’s Thermal Power business in 2015. GE also continues to see growth in its combined cycle power plant technologies such as HRSG to enable better plant performance.
- First total power island order in Asia for GE since the closure of the Alstom Power acquisition in 2015. The $140 million order, from Korea Midland Power Company (KOMIPO), includes a new 250 MW combined cycle power facility and will feature two of GE’s 6F.03 gas turbines and a full-suite of equipment, controls and maintenance parts. The order also marks GE’s first use of HRSG technology following its Doosan E&C HRSG acquisition, which will provide industry-leading combined-cycle efficiency for Jeju Island, South Korea’s largest tourism attraction.
- First Fast Stator Rewind upgrade and life extension project in Thailand. The stator rewind project at Sahacogen (Chonburi) Public Company Ltd.’s natural gas-fired cogeneration plant in Chonburi province took 17 days to complete, compared to the 30 days the industry normally takes to finish a conventional rewind project for Asian utilities.
- Made possible by the GE Store, 17 Emergency Diesel Generator (EDG) packages, five transportable switch rooms and the electrical balance of plant will be provided to Petroliam Nasional Berhad (PETRONAS) group, through a strategic partnership with PETRONAS subsidiary Prime Sourcing International (PSI). Each EDG package will consist of one of GE’s 616 diesel engines provided by GE’s Distributed Power business, which will be bound in single packages provided by GE’s Power Conversion business. The equipment will provide continuous backup power for PETRONAS’ Pengerang Integrated Complex (PIC) refinery project in Johor.
Also at Power-Gen Asia, GE’s Power Digital Solutions team released a new white paper, “Using Advanced Analytics and Controls to Drive Economic Value in a Complex Operating Environment.” The paper highlights many benefits of GE’s digital advances for the utility and industrial sectors. In particular, recommendations include how to build the infrastructure, software and processes to develop and apply advanced analytics within the Industrial Internet architecture, moving from the controls layer to business applications in the cloud. The white paper can be downloaded here.
GE can be found at booth F52 at Power-Gen Asia during Asia Power Week, September 20-22, 2016. For those attending Power-Gen Asia, stop by our booth to discover our augmented reality experience featuring GE’s Digital Power plant powered by Predix. For full details on GE’s program and technical presentations, visit our event page.
To download GE’s digital press kit for Power-Gen Asia, click here.
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
GE Power is a world leader in power generation with deep domain expertise to help customers deliver electricity from a wide spectrum of fuel sources. We are transforming the electricity industry with the digital power plant, the world’s largest and most efficient gas turbine, full balance of plant, upgrade and service solutions as well as our data-leveraging software. Our innovative technologies and digital offerings help make power more affordable, reliable, accessible and sustainable.
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Joh Byung-Ryul (Bill)
GE Global Operations