Repower, GE and Iberdrola Sign Contracts for High Efficiency Cogeneration Plant in Germany

(PresseBox) ( Leverkusen, Germany, )
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- Final Decision on Construction Expected to be Taken in the Course of 2015
- GE Would Supply its Latest H-Class Technology, the Largest and Most Efficient Gas Turbines in the World
- Repower's CHEMPARK Leverkusen Combined Heat and Power Plant to Efficiently Provide Steam and Electricity While Meeting Germany's Carbon Reduction and Energy Efficiency Targets
- Announcement Highlights European Alliance: Repower of Switzerland Selects GE's Frenchproduced 9HA Gas Turbine for German Plant; Iberdrola of Spain to Serve as the Engineering, Procurement and Construction Contractor

At CHEMPARK in Leverkusen, Germany, dozens of chemical companies work on production, research and services - often working in partnership to generate synergies and drive innovation. Now, another alliance will help their efforts. Repower has signed contracts with GE (NYSE:GE) and Iberdrola, via its engineering subsidiary, for the supply of GE's high efficiency 9HA gas turbine, long-term services and turnkey installation for the new CHEMPARK Leverkusen combined cycle plant. The cogeneration or combined heat and power (CHP) facility is expected to help meet Germany's carbon reduction and energy efficiency requirements, while producing electricity and steam for CHEMPARK businesses.

"While our business model is complex, GE and Iberdrola demonstrated a deep understanding of what Repower needs for a cogeneration facility that will be highly efficient, flexible, and reliable, and helps meet the necessary carbon reduction and energy efficiency targets," said Dr. Daniel Fritsche, project manager at Repower and CEO of Repower GuD Leverkusen GmbH. "Their one-team approach and customized solution supports our business plan and all required revenue streams."

Repower is now moving further ahead with planning, and is in intensive discussions with a view to getting one or more project team members on board. Repower anticipates that once all the pieces are in place (results of the partnering negotiations, details of the set-up of the cogeneration subsidy, and a reliable framework), it would be possible to make a final decision on construction of the project in the course of 2015.

GE plans to supply its 9HA gas turbine, the world's most efficient at over 61 percent in combined cycle, and long-term maintenance services for the gas and steam turbines. Iberdrola will handle installation and balance of plant for the turnkey project. Repower chose GE and Iberdrola Engineering as preferred bidders back in the spring of 2014. The necessary agreements were subsequently drawn up and finalized, and were signed at the end of 2014.

"After being in business for 150 years, Iberdrola knows the value of working with partners who appreciate and embrace diverse experience, open communication and tight collaboration," said Eduardo Elorriaga, Project Manager of Iberdrola Engineering. "We have been pleased to work with our 2 / 3 long-term partner GE toward the common goal of helping meet the emissions and efficiency requirements of Repower's Leverkusen CHEMPARK project."

The CHEMPARK Leverkusen plant is expected to have overall fuel efficiency higher than 80 percent and steam extraction of more than 300 tons per hour, enabling companies on the CHEMPARK site to be supplied with process steam efficiently and cost-effectively. The 9HA plant should have a net output of more than 570 megawatts, and generate the equivalent power that would be needed to supply approximately 600,000 German homes.

"As the European Union transitions to a low-carbon future, GE's HA technology will help utilities balance the need to provide affordable, reliable power with stricter environmental regulations," said Oliver Klitzke, COO GE Energy Germany. "The game is changing. GE advances in combined cycle efficiencies, plant configuration and validation capabilities help utilities meet customers' needs with lower lifecycle costs, lower emissions and greater operational flexibility."

The CHEMPARK Leverkusen project in Germany serves as a demonstration of global cooperation: Repower is headquartered in Switzerland; the 9HA is produced by GE in France; Iberdrola, the engineering, procurement and construction contractor, is based in Spain.

About Iberdrola

Iberdrola Engineering, a subsidiary of global energy leader Iberdrola, specializes in engineering and construction work in the areas of low-emission generation, nuclear power, smart grids and renewable energy. It has facilities in 30 countries and recently has won major engineering and construction contracts in Canada, Mexico and Germany (www.iberdrolaingenieria.com).

About GE

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

About GE Power & Water

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. Power & Water's six business units include Distributed Power, Nuclear Energy, Power Generation Products, Power Generation Services, Renewable Energy and Water & Process Technologies. Headquartered in Schenectady, N.Y., Power & Water is GE's largest industrial business.

For more information, visit the company's website at www.gepower.com and http://powergen.gepower.com.

Follow GE Power & Water and GE Power Generation on Twitter @GE_PowerWater and @ge_powergen, and on LinkedIn.

To track progress of the first HA Gas Turbine and get more information, please visit:
http://efficiency.gepower.com/media.html or follow the turbine on Twitter @HArriet_GE.
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