General Electric : GE Signed a Large Supply Agreement for Jenbacher Gas Engines in Russia

YEKATERINBURG, RUSSSIA-April 11, 2018-GE (NYSE: GE) today announced that it has signed a supply agreement with GreenTech Energy Company (GTE), one of GE's authorized Channel Partners for Jenbacher* gas engines in Russia, for 21 Jenbacher gas engines-10 J320 units, 10 J420 units and one J316 unit-with a total capacity of 26 megawatts (MW) to be delivered by year-end 2018. To date, it is one of the largest GE contracts to supply Jenbacher engines for the Russian market. The contract was signed during the customer technical seminar organized together with GTE on April 10 and 11 in Yekaterinburg, Russia's Ural.

Packages branded 'GreenTechPower' will be manufactured by GTE at a new facility in St. Petersburg. Combined heat and power (CHP)  units with single capacity going from 1 MW to 1.5 MW on the base of GE's Jenbacher gas engines will be used to help increase cleaner power generation at or near the point of use in the food and beverage, glass, agriculture and chemical processes industries.

CHP provides thermal power and electrical generation in a single systems. Efficiencies with GE's Jenbacher CHP solutions can reach 90 percent or more with CHP. That's more than 40 percent higher than with thermal energy alone. These systems help commercial and industrial businesses, municipalities and a wide range of energy-intensive institutions get the most out of their facilities. GTE's CHP packages based on GE's Jenbacher gas engines are space effective and do not require construction of a separate building, which is accelerating the plant's commissioning.

GTE has recently received the 'Distributed Power Generation - Great Achievements' award in the category of 'Best Distributed Power 5 MW and above Project' from the Distributed Power Association of Russia for GTE's installation of a CHP plant for a greenhouse owned by UMMC-Agro in the Sverdlovsk district (Russia's Ural Region).

With digital transformation at its core, GE's Distributed Power business gives companies and communities around the world the ability to focus on cleaner power generation and gas compression at or near the point of use, anytime and on or off the grid. GE offers a diverse product portfolio that includes highly efficient, fuel-flexible, industrial gas engines generating 200 kilowatts to 10 MW of power for numerous industries globally. GE's highly efficient gas engines feature advanced fuel-flexibility capabilities that can run on multiple types of gases. Today, more than 48,000 of GE's gas engines have been delivered around the world, with a total power capacity of more than 64 gigawatts (GW). About 700 gas engines are deploying 1.1 GW of power in Russia.

* Indicates a trademark of the General Electric Company.

About GE

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 Russia/CIS

GE has been working in Russia for nearly 100 years, bringing global expertise and localizing advanced technology with its strategic partners across power, oil and gas, transportation and healthcare to solve some of the region's biggest infrastructure challenges and improve people's lives. More than 1,900 GE employees work in Russia/CIS, which has regional headquarters in Moscow. For more information, visit the company's official website - www.ge.ru.

About GreenTech Energy

'GreenTech Energy' (GTE)  has been implementing integrated power projects based on GE's Jenbacher gas engines for more than six years. By now, the company has installed in Russia more than 70 engines with a total capacity of more than 200 MW. Installed solutions allow our customers to reduce the energy cost and thereby improve competitiveness and business profitability. GTE is currently serving more than 100 engines in various regions of Russia. Our team is providing support at all construction stages-from expert advice and project design to commissioning and after-sales service-that ensure the plant's reliability throughout the equipment's life cycle. www.gte.su

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