|Original Press release|
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GE, Taiwan Power Sign Five-Year Wind Turbine Service Agreement
· Deal Covers 26 GE Wind Turbines Operating in the Country
· Fleet Generates More Than 100 Million Kilowatt-Hours of Green Electricity
· Enables Increased Annual Energy Production, Reduced Cost of Electricity
SCHENECTADY, N.Y. - GE (NYSE: GE) and Taiwan Power Company have signed a five-year, full service agreement (FSA) covering 26 GE 1.5-megawatt class wind turbines operating throughout Taiwan. Under the agreement, valued at nearly $11.4 million, GE will provide a full scope of services including planned and unplanned maintenance, repairs and spare parts. The agreement guarantees fleet availability of greater than 95 percent.
"GE's record of proven service performance was important to us in signing this agreement," said Chen Yi-Chen, chief of the department of renewable energy, Taiwan Power Company. "We are confident that GE will provide a high level of professional service for our wind turbine fleet, including availability guarantees and predictable expenditures on turbine operation in the years ahead."
Of the 26 GE wind turbines, 23 are located in Taoyuan County, and three are located in Kenting Township. The fleet contributes more than 110 million kilowatt hours of green electricity to the Taiwan power grid or enough energy for 28,000 Taiwan households.
GE FSAs are complete packages including all planned maintenance activities such as remote monitoring and troubleshooting, routine services, preventative maintenance, on-site support and parts support as well as unplanned maintenance such as up-tower inspection and repair, condition monitoring, turbine performance and life extension solutions.
The FSA provides customers with operational assurance and the opportunity to work with GE to increase annual energy production and reduced cost of electricity.
"With an experienced field team on-site, the wind turbines will be maintained at a high operating level, enabling Taiwan Power to maximize performance and profitability," said Andy Holt, general manager of wind services for GE. "Whenever there is an issue, GE experts will respond quickly and skillfully, keeping any turbine downtime to a minimum."
GE service agreements are supported by the company's vast resources, including global service facilities and a network of skilled, highly trained local technicians that are closely connected to GE's engineering organization.
GE has worked with Taiwan Power Company for decades in the nuclear power and gas turbine sectors and in the wind business since 2005.
Taiwan Power Company, Ltd. is engaged in power generation from fossil fuels and renewable energy sources. A state-owned electric power utility, the company's principal business activities include power development, power supply and investment in power-related business. Taiwan Power has a generating capacity of 38,082 megawatts and serves about 11.9 million customers.
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GE Power & Water provides customers with a broad array of power generation, energy delivery and water process technologies to solve their challenges locally. Power & Water works in all areas of the energy industry including renewable resources such as wind and solar; biogas and alternative fuels; and coal, oil, natural gas and nuclear energy. The business also develops advanced technologies to help solve the world's most complex challenges related to water availability and quality. Numerous products are qualified under ecomagination, GE's commitment to providing innovative solutions that maximize resources, drive efficiencies and help make the world work better. Power & Water's seven business units include Aeroderivative Gas Turbines; Gas Engines; Nuclear Energy; Power Generation Services; Renewable Energy; Thermal Products and Water & Process Technologies. Headquartered in Schenectady, N.Y., Power & Water is GE's largest industrial business.
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