GE Energy Signs $115 Million Service Agreement in China

Tuesday, August 11, 2009      

GE Energy has signed a $115 million, long-term service agreement with Fujian Jinjiang Gas Power Co. Ltd. that helps address the need for reliable and efficient power generation to support the rapid economic growth of Fujian Province in southeastern China.

The nine-year agreement covers four Frame 9FA gas turbines at the Fujian Jinjiang plant, located on the coast of Taiwan Strait. The plant produces more than 1,560 megawatts and is a key part of the local government’s initiative to increase the province’s power generation capacity to 3,500 megawatts by 2010. Based on GE’s core technology, the gas turbines were supplied by Harbin Power Equipment Company, a GE business associate in China.

“The new agreement underscores our continuing commitment to help our customers in China and worldwide meet growing economic and societal needs,” said Dan Heintzelman, president of Energy Services for GE Energy. “Our service agreements are designed to provide customers with access to our latest technology, enabling them to maximize the productivity of their power generation assets and help control both emissions and operating costs.”

The scope of GE’s service agreement with Fujian Jinjiang will include parts, services, repairs and training and will cover one major inspection period for the gas turbines. The agreement helps to ensure that the power plant will continue to meet its efficiency goals, making it one of the most efficient power stations in China.

The Fujian Jinjiang service agreement marks GE Energy’s second major service announcement in China this year. In March, GE reported the signing of two service and maintenance agreements totaling US$128 million for two Chinese power plants, including the largest combined-cycle plant in Zhejiang Province and a Fujian Refining & Petrochemical plant in Fujian Province.

GE currently is managing service agreements for customers at more than 700 sites covering 2,000 turbines worldwide. Benefits to customers include performance guarantees, predictable maintenance costs and access to GE’s technology and global experience.

GE Energy has been active in China for nearly a century and has provided the country with a wide range of products including more than 270 gas turbines, 70 steam turbines, more than 300 hydro turbines and more than 600 wind turbines. GE also has obtained 39 licenses for gasification technology projects in the country.


Article Tags

GE Energy Financial Services China Asia Far East

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

Related News

Join 80,000 oil and gas professionals who receive our weekly newsletter.

You may unsubscribe at any time with one click.

Popular Headlines View all

Latest Opinion View all

Join 90,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Create profile

Time for a change? All jobs Jobs near you


OilVoice, established in 2002, is your leading source of upstream news, jobs and industry information.


Each week we send our weekly industry round-up. Why not try it? You may unsubscribe at any time.

Contact OilVoice

Milton Keynes
United Kingdom
Contact Us

Stay Connected

2016 © OilVoice  .  Privacy Policy  .  Terms of Service  .  Oil Careers  .  Advertise with us