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GE Gas Turbine Selected for New Power Plant in Northern Greece

LAS VEGAS, NEVADA (December 9, 2003) — GE Power Systems is supplying one Frame 9FA gas turbine-generator to Energiaki Thessalonikis, owned by Hellenic Petroleum, for a new combined-cycle power plant being built in the coastal city of Thessalonika, in northern Greece.

Thessalonika, Greece’s second largest city after Athens, is an important commercial port and regional capital of Macedonia.

The GE gas turbine will be housed in the new plant at Hellenic Petroleum’s industrial complex. GE will also provide technical advisors for the turbine installation. The engineering, procurement and construction (EPC) contractor for the plant project is VA TECH of Austria.

The Frame 9FA turbine will be manufactured at GE’s facility in Belfort, France and shipped to Greece in April 2004. The plant, which will use natural gas as the primary fuel and distillate oil as a backup, is expected to begin commercial operation in July 2005.

The gas turbine will have an output of approximately 260 megawatts. A boiler will convert the gas turbine’s waste heat to steam to drive a steam turbine, which will add 140 megawatts for a total combined-cycle plant output of approximately 400 megawatts.

The Frame 9FA gas turbine for the Thessalonika project will be equipped with GE’s advanced Dry Low NOx emissions combustion systems to reduce NOx emissions.

The new plant will provide electricity and steam to the Hellenic Petroleum site and to other industrial customers in the area, as well as electricity to the national grid.

The 50-hertz Frame 9FA is a member of GE’s family of F technology gas turbines, which has achieved more than eight million hours of commercial service in power plants worldwide. To date, 149 GE Frame 9FA gas turbines have been installed, ordered or committed for projects around the world, including 85 in Europe.

Energiaki Thessalonikis is a subsidiary of the state-run Hellenic Petroleum S.A., an international supplier of petroleum products and services and Greece’s largest industrial corporation.

About GE Power Systems
GE Power Systems (www.gepower.com) is one of the world’s leading suppliers of power generation technology, energy services and management systems with 2002 revenues of nearly $23 billion. Based in Atlanta, GA, GE Power Systems provides equipment, service and management solutions across the power generation, oil and gas, distributed power and energy rental industries.

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