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GE Finalizes Contract for Lanzhou Meiya Power Project

December 29, 2003
Business

GE Power Systems has signed a contract to provide power generation equipment for the Lanzhou Meiya Cogeneration project in Lanzhou, China. It is one of six projects that are part of a previously announced $900 million agreement for GE to supply technology expertise and gas turbine-based combined-cycle systems for China's Gas Turbine Power Plants Construction Project.

The signing, held recently at the Chicago Board of Trade, was witnessed by Liao Xiao Qi, Vice Minister of Commerce and head of the electrical machinery procurement delegation from China.

GE is the leading supplier for the Gas Turbine Power Plants Construction Project, one of the largest purchases by the Chinese power industry. As announced in March of this year, GE won an international bidding competition to supply 13 Frame 9FA combined cycle systems for six projects under this initiative, two of which will be supplied to the Lanzhou Meiya Cogeneration project. GE and its consortium partner, Harbin Power Equipment Ltd. of China, will manufacture the equipment for all six projects.

"With our rapid growth in China, we are positioned to support China's economic expansion and help meet its tremendous power demand," said Mark Little, Vice President-Energy Products for GE Power Systems. "GE is committed and our dedicated team is working with Harbin to make these projects successful."

Tags: agreement | Chicago | China | Chinese | construction | contract | Economy | energy | equipment | expansion | GE | Harbin | international | IT | machinery | manufacture | manufacturing | power | president | procurement | supplier | technology | trade

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