GE Turbines to Help Meet Northern Iraq’s Growing Energy Needs

BAGHDAD, IRAQ—December 6, 2010—GE (NYSE: GE) today announced that it will provide gas turbine technology to Mass Global Investment Company, an independent power producer, to help meet northern Iraq’s growing demand for electricity. Under the agreement, GE will supply three Frame 9E gas turbines and generators for the 375-megawatt expansion of the Arbil Power Plant, located in Iraq’s Kurdistan region.

“Our mission is to support Iraq’s overall efforts to continue developing and expanding its energy infrastructure,” said Ahmad Ismail, chairman of Mass Global. “We are confident that working with a global technology leader such as GE, with its proven and reliable advanced energy technology, will contribute significantly to helping us fulfill our mission, which is in line with the Kurdistan regional government’s initiative calling for the private sector to help meet the energy requirements in this region.”

This new contract follows an announcement earlier this year that GE is providing equipment for two other projects in the same region that are part of Mass Global’s ongoing efforts to support Kurdistan and Iraq’s current and future power needs. When all of the current projects are completed, the total electricity capacity of Mass Global-developed power plants in the Kurdistan region will be increased to 2,200 megawatts.

“This latest agreement builds upon our growing relationship with Mass Global to provide innovative technology and services to help ensure that the people of northern Iraq have a reliable and secure supply of electricity,” said Joseph Anis, GE Energy’s president for the Middle East. “This agreement also reflects GE’s ongoing commitment to support Iraq in boosting its power generation and infrastructure growth.

The new GE Frame 9E gas turbine-generators for the Arbil site expansion are expected to begin shipping at the end of 2010, with the first unit scheduled to start operating in mid 2011. Natural gas will be the primary fuel, with distillate as a backup. More than 450 Frame 9E gas turbines have been installed worldwide and have compiled more than 22 million hours of utility and industrial service.

With its flexible fuel handling capabilities, the 9E accommodates a wide range of fuels including natural gas, light and heavy distillate oil, naphtha, crude and residual oil. With the introduction of the 9E Heavy Fuel Oil Availability Package, the availability of the gas turbine is significantly increased and average performance is improved.

Innovative GE technology allows gas turbine operators to take advantage of various gas and liquid fuels, which may result in increased plant efficiency, lower greenhouse gas emissions, greater operational flexibility, lowered operating cost and longer maintenance intervals. GE has accumulated millions of hours of experience and has hundreds of gas turbines operating with alternate fuels. In addition, GE is leading the industry with more than 50 years of fuel research, testing and integration; continuously expanding its offering to allow more fuels to be used.

In addition to its work with Mass Global, GE also is supplying the Iraqi Ministry of Electricity with equipment and services for government-owned projects that will add approximately 7,600 megawatts of electricity to help fuel future economic growth. GE has a long history of supporting Iraqi infrastructure needs in power generation, oil and gas, water processing, aviation and healthcare. To date, more than 120 GE power turbines are installed in the country.

About GE

GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. From aircraft engines and power generation to financial services, health care solutions and television programming. GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's website atwww.ge.com.

GE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With nearly 85,000 global employees and 2009 revenues of $40 billion, GE Energywww.ge.com/energyis one of the world’s leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energy—GE Power & Water, GE Energy Services and GE Oil & Gas—work together 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; and other alternative fuels.

For more information, contact:

Lamia Jaroudi
GE Energy
+9714 429 6559

lamia.jaroudi@ge.com

Cynthia Coleman
GE Power & Water
+1 713 803 0459

cynthia.coleman@ge.com

Ken Darling or Howard Masto
Masto Public Relations
+1 518 786 6488

kenneth.darling@ge.com

howard.masto@ge.com