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GE Oil & Gas Renews Gas Turbine Packaging Agreement in China - GE (NYSE: GE) Oil & Gas has renewed an agreement with China Aviation Gas Turbine Ltd. (CAGT) to continue supplying GE10-1 gas turbine engines and control panels for use in power generation in oil and gas plants and coke oven gas applications
GE Oil & Gas Renews Gas Turbine Packaging Agreement in China

 

PRZOOM - /newswire/ - Florence, Italy, 2011/12/12 - GE (NYSE: GE) Oil & Gas has renewed an agreement with China Aviation Gas Turbine Ltd. (CAGT) to continue supplying GE10-1 gas turbine engines and control panels for use in power generation in oil and gas plants and coke oven gas applications. NYSE: GE

   
 
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• GE10-1 Gas Turbines Packaged by CAGT for Projects Across the Country and Abroad;
• Agreement Helps GE Technology Gain Foothold in Chinese Gas Turbine Sector;
• Several Units Have Already Been Sold Under Earlier Agreements.

GE (NYSE: GE) Oil & Gas has renewed an agreement with China Aviation Gas Turbine Ltd. (CAGT) to continue supplying GE10-1 gas turbine engines and control panels for use in power generation in oil and gas plants and coke oven gas applications in China and abroad through customers whose headquarters are in mainland China.

The original agreement between GE and CAGT was signed in 2002 and renewed in 2007. The new agreement covers the next five years, with a possible option to extend it for another three years, and also includes a services section. Since 2002, GE has sold a significant number of these units to CAGT that now account for nearly one third of the global installed fleet of GE10-1 gas turbines.

GE provides GE10-1 flange to flange gas turbine engines and Mark Vle control panels to CAGT, who integrates them into gas turbine-generator packages and sells them to end customers under the brand name QD-100. The flange-to-flange equipment is supplied from GE Oil & Gas facilities in Florence, Italy and the control panels are supplied from GE facilities in Salem, Va. CAGT’s manufacturing is based in Shenyang, with the company headquarters in Beijing.

“CAGT is a major player in gas turbine packaging and servicing in China. Our relationship with them has opened the door to establish our GE10-1 technology in China’s revitalized gas turbine industry,” said Prady Iyyanki, president and CEO—turbomachinery equipment for GE Oil & Gas.

In addition to the industry sectors already being served, GE and CAGT also are exploring new opportunities in offshore platform power generation.

About GE

GE (ge.com) 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.

GE also serves the energy sector by providing technology and service solutions that are based on a commitment to quality and innovation. The company continues to invest in new technology solutions and grow through strategic acquisitions to strengthen its local presence and better serve customers around the world. The businesses that comprise GE Energy—GE Power & Water, GE Energy Management and GE Oil & Gas—work together with more than 100,000 global employees and 2010 revenues of $38 billion, to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; as well as other alternative fuels and new grid modernization technologies to meet 21st century energy needs.

PRESS Contacts
Ken Darling, Masto Public Relations
P: +1 518 786 6488 / E: kenneth.darling[.]ge.com.

GE news, Masto Public Relations / E: information[.]mastopr.com.

 
 
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GE Oil & Gas Renews Gas Turbine Packaging Agreement in China

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