1. GE and Sonelgaz Affiliate, SPE, Sign
Contracts Valued at $2.7 Billion to Help
Power Algeria
-- Among GE's Largest Power Agreements in History; Includes 26 Heavy-Duty
Gas Turbines, 12 Steam Turbines and 38 Generators
-- Long-term JV for New Production Facility in Algeria to Create Local Jobs
and Produce More than 2 Gigawatts of Power Generation Equipment per Year
-- Fast-Track Delivery of 24 Mobile Aero derivative Gas Turbines to Help Meet
Immediate Power Needs of 2013
-- Wide Range of Projects Highlights GE's Commitment to Algeria's Growth
ALGIERS, Algeria--(BUSINESS WIRE)--September 23, 2013--
Marking some of its largest power agreements in company history, GE (NYSE:GE) today
announced three contracts totalling approximately $2.7 billion with SPE, an affiliate of
Sonelgaz--Algeria's national electricity and gas company. GE is to supply proven and
reliable heavy-duty gas turbine combined-cycle and aero derivative gas turbine
technology for nine power plants. The addition of nearly 9 gigawatts (GW) of electricity
will help strengthen Algeria's power sector to help meet the growing requirements of the
country.
The three agreements include six new combined-cycle power plants that will ultimately
increase Algeria's generating capacity by 70 percent adding more than 8 GW of
electricity; two fast-track projects that add 528 megawatts (MW) of capacity for this
summer's peak demand; and a new simple-cycle power plant to add 370 MW to Algeria's
electricity grid.
"These contracts are undoubtedly the most important acquisitions of SPE in the history
of power generation in Algeria. This will create a wealth-generating vision that goes
beyond a simple power plant construction agreement," said Nabil Kafi, CEO of SPE.
"This contract is an important step in realizing Sonelgaz's strategy which involves the
implementation of a series of industrial partnerships predicated on the use of local
resources."
Contract for Six New Power Plants; Planned JV for Production Facility
Under the first agreement, GE has signed a $1.9 billion contract with Société Algérienne
de Production de l'Electricité (SPE Spa), part of the Sonelgaz Group, to provide power
generation equipment and services for six new combined-cycle power plants. Together
the plants will produce more than 8 GW of electricity generating enough power to help
meet the equivalent of 8 million Algerian households, increasing the country's energy
capacity by nearly 70 percent.
For the six new combined-cycle power plants, GE is supplying the proven and reliable 9F
3-series gas turbines with more than 200 installed worldwide and more than 12 million
operating hours. Using natural gas from local Algerian gas fields, the turbines will be
equipped with GE's latest Dry Low NO(x) (DLN) dual-fuel combustion technology to
reduce emissions, extend maintenance intervals and enable the Sonelgaz power plants to

2. operate with greater flexibility. The 9F-3 gas turbines will be manufactured at GE's
Greenville, S.C., facility, while the steam turbines and generators will be built in
Schenectady, N.Y., for shipment to Algeria. Advanced technology gas turbines are one of
the largest sources of cleaner energy exported from the U.S.
The nine Sonelgaz power plants receiving the GE technology are located in northern
Algeria and will begin simple-cycle duty in 2015 and combined-cycle operation in 2017.
Additionally, GE announced the plan for a long-term joint venture with Sonelgaz for the
development of a new production facility in Algeria that will eventually produce more
than 2 GW of power generation equipment per year. The equipment will cater to the
needs of future power plants demonstrating GE's commitment to localization, knowledge
transfer and development of the Algerian workforce. The new facility is expected to
create, in due course, nearly 400 local skilled jobs and potentially more than 600
additional indirect jobs within the local supply chain.
Aeroderivative Gas Turbines Meet Fast Track Projects
For the second agreement, GE delivered within six months its advanced aeroderivative
gas turbines to support Algeria in meeting its 2013 summer peak electricity demand.
This followed the contract signed earlier by a consortium of GE and Power Projects
Company, an affiliate of METKA, with Société Algérienne de Production de l'Electricité
(SPE Spa), an affiliate of Sonelgaz, in October 2012 for nearly $800 million to supply 24
trailer-mounted TM2500+ aeroderivative gas turbines and services for two "fast-track"
projects in northern Algeria, to produce more than 528 MW of power. METKA is the
engineering, procurement and construction contractor in charge of the mobile balance of
plant for the projects.
This agreement marked one of the largest orders ever received for GE's aeroderivative
technology, which delivers fast, flexible and reliable power anywhere, anytime. To date,
16 units are available to generate 352 MW of power for the provinces of Oum el Bouaghi
(F'Krina) and M'Sila with an additional eight units and 176 MW of power generation
scheduled to join the grid by the in 2013.
Contract for New Simple-Cycle Power Plant; Power Generation Services agreements
Under the third agreement, GE has received an order for more than $150 million to
supply power generation equipment to Société Algérienne de Production de l'Electricité
(SPE Spa), part of the Sonelgaz Group, for the Hassi R'mel simple-cycle gas turbine
plant. The new plant will add approximately 370 MW of power for Algeria's electricity
grid.
In addition to supplying equipment for the new Sonelgaz affiliates plants, GE power
generation services include new unit spares, technical direction and installation services
and training to help increase the performance, flexibility and reliability of operations at
the power plants.
"Our latest agreements with Sonelgaz underscore our continuing commitment to supply
the best technology and services to assist Algeria in meeting its growing energy needs,"
said Steve Bolze, president and CEO, GE Power & Water. "These recent announcements
demonstrate GE's capability to provide proven technology that can address both the
immediate need for more power and the long-term energy requirements of a growing
economy. In addition, the new GE-Sonelgaz industrial cooperation is further evidence
that we are invested in the future of Algeria's energy infrastructure."

3. The new agreements build on more than 40 years of GE experience in Algeria, one of the
world's leading producers of natural gas. It expands an existing relationship between GE
and Sonelgaz and its affiliates that includes a nearly $500 million service contract signed
by the companies in 2008. That agreement is helping to improve efficiency, output and
reliability of 51 gas turbines operating in 13 power plants across Algeria.
Energy demand in Algeria is estimated to be growing at an average annual rate of
approximately 14 percent, rising from about 12 GW to 20 GW by 2017. The government
is committed to boosting energy capacity through its investments in the power sector.
As Algeria progresses at a fast pace with a focus on infrastructure building, GE is
committed to being the country's growth partner through technology transfer, local jobs
and skill training and strengthening operational efficiencies.
About GE
GE (NYSE:GE) works on things that matter. The best people and the best technologies
taking on the toughest challenges. Finding solutions in energy, health and home,
transportation and finance. Building, powering, moving and curing the world. Not just
imagining. Doing. GE works. For more information, visit the company's website at
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.
Follow GE Power & Water on Twitter @GE_PowerWater.
CONTACT: GE Power & Water
Susan Waldron, +1-816-313-4840
susan.waldron@ge.com
or
Shaun Wiggins, +1-518-385-5992
shaun.wiggins@ge.com
or
GE Global Growth & Operations
David Cook, +65 6326 3646

4. david.cook1@ge.com
SOURCE: GE Power & Water
Copyright Business Wire 2013