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GE Energy and Doosan Heavy Industries & Construction Sign Agreement to Develop Advanced Large Steam Turbines and Generators

^{Published on 2010-07-19 09:05:34 - Market Wire}
 

SCHENECTADY, N.Y.--([ BUSINESS WIRE ])--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.

"This agreement strengthens our relationship to develop advanced designs for the next generation of steam turbines and generators in South Korea and globally"

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.

aThis agreement strengthens our relationship to develop advanced designs for the next generation of steam turbines and generators in South Korea and globally,a said Dongsoo Suh, executive vice president and head of Doosana™s Power Plant Business Group.

aThe agreement helps position GE and Doosan better to serve the industry in producing lower emission power plants, both nuclear and Ultra Super Critical fossil,a said Paul Browning, vice presidenta"thermal products for GE Power & Water. aIta™s in keeping with our commitment to power the world responsibly with more energy efficient products.a

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 worlda™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 worlda™s leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energya"GE Power & Water, GE Energy Services and GE Oil & Gasa"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.