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General Electric
GE Signs 12-Year Agreement to Boost Help Reliability and Profitability at Daya Bay Nuclear Power Base in China



Aug 7, 2017

Daya Bay Nuclear Power Operations and Management Co., Ltd. (DNMC) has signed a multiyear agreement (MYA) with GE's Power Services business (NYSE: GE) to provide services to the steam turbines, generators and auxiliary systems at its Daya Bay, Ling Ao and Ling Dong nuclear power plants. Targeting long-term stability and profitability, GE's MYA will help generate reliable, sustainable electricity to power the Guangdong Province, Hong Kong Special Administrative Region.

"Operating for more than 20 years, the Daya Bay nuclear power base rigorously pursues the principles of safety first, quality foremost and operational excellence,' and its leading operating performance has been well-recognized worldwide," said Li Zhishen, deputy general manager of Daya Bay Nuclear Power Operation Management Co., Ltd. "The MYA we signed with GE an industry leader in power equipment development, manufacturing, repair and maintenance will help us steadily uplift equipment reliability and operating performance."

Over the past 30 years, DNMC and GE have collaborated on the Daya Bay nuclear power base, which was originally built with Alstom. Since the acquisition of Alstom's power business in 2015, GE has expanded its total plant solutions portfolio, including its Fleet360* services platform, and has added significant new technology capabilities for nuclear power plants.

"We collaborate with our customers to tailor MYA solutions that are unique to their needs," said Xu Xin, general manager of GE's Power Services business in China. "Each MYA solution is customized to meet the unique needs of different power plants. Our goal is to bring long-term value to power plants, like the Daya Bay nuclear plant, with agreements focused on key metrics for the equipment such as availability, operational flexibility and efficiency."

Comprised of the Daya Bay, Ling Ao and Ling Dong nuclear power plants, the Daya Bay nuclear power base is the first large commercial nuclear power base in mainland China. It was the first nuclear power plant built in the country, and it has been operating in a safe and stable manner for over 22 years. In 2016, the base supplied nearly 45 billion kilowatt-hours of electricity to the grid, which can power the equivalent of 12 million homes.

"The signing of this MYA continues GE and Daya Bay's cooperation and marks a new milestone in our long-lasting, win-win relationship," said Xu Xin "GE is committed to doing its part to contribute to the economic and social development of Guangdong and Hong Kong."

GE's MYA solution will give the DNMC the operational stability it needs to operate and maintain the plants in the most economic and efficient way possible. Under the 12-year agreement, GE will provide services including the supply of spare parts, engineering support, on-site service, repair and life extension for the steam turbines at the Daya Bay nuclear power base.

Nuclear power is a stable, cost-effective, highly efficient and cleaner form of energy. Comparing it with coal-fired power plants of the same scale, the six nuclear power units in the Daya Bay nuclear power base produce power that displaces the use of 14.57 million tons of coal, 35.9 million tons of carbon dioxide emissions, 340,000 tons of sulfur oxide emissions and 220,000 tons of nitrogen oxide emissions.

With MYAs, GE helps power plants reduce operating costs per unit kilowatt-hour, save fuel costs, ensure sustained operating performance and drive long-term stability and profitability. To date, GE has signed MYAs with 750 customers globally, which represents an installed capacity of 300 gigawatts.

About DNMC

Located at Dapeng Peninsula on the coast of South China Sea, the Daya Bay Nuclear Power Base consists of GNPS and LNPS Phases I and II, which generate and send out clean power efficiently and effectively. The largest running PWR Base, Daya Bay Base has six 1,000-megawatt (MW) units with a total installed capacity of 6,120 MW and an annual generation of 45 terawatt hours. Daya Bay Nuclear Power Operations and Management Co., Ltd. (DNMC) is responsible for the operations management of the base.

About GE

GE (NYSE: GE) is the world's Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com

About GE Power

GE Power is a world energy leader that provides technology, solutions and services across the entire electricity value chain from the point of generation to consumption. We are transforming the industry by uniting all the resources and scale of the world's first Digital Industrial company. Our customers operate in more than 150 countries, and together we power more than a third of the world to illuminate cities, build economies and connect the world.

For more information, visit the company's website at www.gepower.com. Follow GE Power on Twitter @GE_Power and on LinkedIn at GE Power.

About GE's Power Services

GE's Power Services, headquartered in Baden, Switzerland, delivers world-class solutions for our customers across total plant assets and their operational lifetimes. This organization supports 2,800+ customers worldwide with an installed base of 28,000+ power generation assets across 90+ brands and taps into the Industrial Internet to improve the performance of our solutions over the entire life cycle through the power of software and big data analytics.

* Trademark of GE: may be registered in one or more countries.

Contact:

Laura Aresi
GE Power - Power Services
Global Media Relations Leader
+39 02 67335622
laura.aresi@ge.com

Matt Falso
Soteryx Corp.
+1 518 866 1076
matt.falso@soteryx.com

For more information:

Organization:
General Electric
www.ge.com


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