Nigeria to Increase its Supply of Reliable Energy with GE Gas Turbine Technology

ABUJA, NIGERIA—November 22, 2010—Expanding its energy infrastructure, Nigeria will add four GE (NYSE: GE) gas turbines for the Omotosho Phase 2 Power Plant, located in Ondo State, southwestern Nigeria. By increasing the country’s supply of efficient, reliable energy, the project will assist Nigeria in delivering on the country’s quest for reliable electric power, alleviating power shortages and reducing the number of blackouts.

GE will provide four Frame 9E gas turbines, generators, accessories, technical assistance and training to the EPC contractor for the project, China Machinery & Equipment Company (CMEC). GE has a long-standing relationship with CMEC, mainly in the power generation sector.

Owned and operated by the Power Holding Company of Nigeria (PHCN), the new plant should add more than 500 megawatts of power to Nigeria’s grid when it enters commercial service in 2013. The government of Nigeria has set a target to add 35,000 megawatts of new electricity generation over the next 10 years, to support the country’s rapid development.

“As Omotosho Phase 2 illustrates, Nigeria continues to invest in its infrastructure to drive economic growth,” said Jay Wileman, region executive—Africa for GE Energy. “An increased supply of reliable energy also is critical to support the country’s efforts to enhance the standard of living for all of its citizens.”

The robustness, availability and easy maintenance features of the Frame 9E gas turbine were keys to GE receiving the Omotosho Phase 2 contract. “The proven success of GE’s installed fleet of gas turbines in the country, our local service capabilities and the ability to meet an aggressive delivery timetable were important factors in winning the customer’s confidence,” said Wileman.

Planned shipment for the four 9E gas turbines for Omotosho Phase 2 is mid-2011. Primary fuel for the plant will be natural gas.

GE has supplied more than 100 gas turbines for projects across Africa. 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.

Innovative GE technology allows gas turbine operators to take advantage of various gas and liquid fuels, resulting in increased plant efficiency, lower greenhouse gas emissions, greater operational flexibility, lower 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 fuel envelope.

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:

Kevin Norris
GE Power & Water
+1 678 844 4568

kevin.norris@ge.com

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

kenneth.darling@ge.com

howard.masto@ge.com