GE Energy (GE) Announces $150 Million Chinese Plant Expansion Contract
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GE Energy's fuel-flexible turbine technology has been selected for the expansion of the world's largest COREX combined-cycle power plant at the Baoshan Iron & Steel Company (Baosteel) complex in Baoshan District, Shanghai, China. Fuel flexibility enables Baosteel to take advantage of a wider range of fuels helping to reduce overall energy costs.
The Baosteel facility is the largest iron and steel production complex in China and exports to more than 40 countries worldwide. The power plant expansion project is designed to increase steel and iron production and also help reduce Baosteel's operational costs and site emissions.
Under a $150 million contract, GE will supply a Frame 9E gas turbine, a SC5 steam turbine, a fuel gas compressor, generators and additional equipment for the project. GE previously provided similar equipment for the original power plant that was recently constructed at the site.
General Electric Company (NYSE: GE) is a diversified technology, media and financial services company.[SM]
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