Agreement Enhances Development of Low-CO2 Power Generation

SCHENECTADY, N.Y.—July 19, 2010—GE (NYSE: GE) and Doosan Heavy Industries & Construction Co.,Ltd. of South Korea have announced today a long-term agreement that extends their global cooperation in the development of next-generation nuclear and fossil steam turbines and generators.

GE and Doosan have collaborated in nuclear and fossil steam turbine and generator projects since 1976, resulting in more than 19 gigawatts of fossil and 14 gigawatts of nuclear installed capacity in South Korea. Most recently, the two companies have designed and are producing what will be the largest output, 1,455-megawatt, nuclear steam turbine and generator in a 60- hertz application. They also have collaborated on ultra-supercritical large fossil designs that are more efficient.

“This agreement strengthens our relationship to develop advanced designs for the next generation of steam turbines and generators in South Korea and globally,” said Dongsoo Suh, executive vice president and head of Doosan’s Power Plant Business Group.

“The agreement helps position GE and Doosan better to serve the industry in producing lower emission power plants, both nuclear and Ultra Super Critical fossil,” said Paul Browning, vice president—thermal products for GE Power & Water. “It’s in keeping with our commitment to power the world responsibly with more energy efficient products.”

The immediate focus of the GE-Doosan agreement will be the development of a larger output steam turbine-generator for the next-generation nuclear reactors in South Korea.

About GE
GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. From aircraft engines and power generation to financial services, health care solutions and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's website at www.ge.com.

GE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With nearly 85,000 global employees and 2009 revenues of $37 billion, GE Energy www.ge.com/energy is one of the world’s leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energy—GE Power & Water, GE Energy Services and GE Oil & Gas—work together to provide integrated product and service
solutions 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.

For more information contact:

Frank Farnel
Communication and Public Affair Manager Europe
GE Energy
+33 6 18422067
frank.farnel@ge.com