GE Energy to Supply Equipment for One of Asia's Largest Solar Projects

Yong Gwang Three Megawatt Solar Power Plant in Korea

ATLANTA, GEORGIA - September 19, 2006 - GE Energy's technology has been selected for one of the largest solar power projects in Asia, a three-megawatt facility being developed at Yong Gwang, Korea.

GE will supply its high efficient 200-watt solar power modules for the project, along with balance-of-system equipment. KD Solar Co., Ltd. of Seongnam City, Korea, the EPC contractor for the project, is responsible for engineering, system design and installation.

The solar installation is being developed by Korea Hydro Nuclear Power Co., which supplies more than 40% of Korea's power. Electricity generated by the Yong Gwang solar power plant will be transmitted to the national grid.

"This is a milestone project for the development of solar power in Korea and in all of Asia, and we are extremely pleased that our technology will support this effort," said Victor Abate, vice president of renewable energy for GE Energy. "It is GE's largest single order for solar equipment globally to date, further illustrating that solar power is gaining broad awareness as a viable, commercial technology for clean energy."

Solar power is among the renewable energy technologies that play a key role in ecomagination, GE's corporate-wide initiative to address challenges such as the need for cleaner, more efficient sources of energy, reduced emissions and abundant sources of clean water. Under ecomagination, which was launched in May of last year, GE will invest $1.5 billion annually in research in cleaner technologies by 2010, up from $700 million in 2004.

The GE solar equipment for the Yong Gwang project will be manufactured at the company's facilities in Newark, Del. and will be shipped to the project site over the next year. The new solar installation is expected to enter commercial service in 2008.

Yong Gwang marks GE's expansion in the renewable energy business in Korea. GE Energy business units operating in Korea include power generation, wind, solar, energy services, optimization services and network reliability products and services. The installed base of GE Energy equipment in Korea totals more than 40 gigawatts.

About GE Energy
GE Energy ( is one of the world's leading suppliers of power generation and energy delivery technologies, with 2005 revenue of $16.5 billion. Based in Atlanta, Georgia, GE Energy works 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. Numerous GE Energy products are certified under ecomagination, GE's corporate-wide initiative to aggressively bring to market new technologies that will help customers meet pressing environmental challenges.

For more information, contact:

Dennis Murphy
GE Energy
+1 678 844 6948

Ken Darling
Masto Public Relations
+1 518 786 6488

Howard Masto
Masto Public Relations
+1 518 786 6488

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