GE’s TM2500+ solution Fast, mobile and flexible power...Power generation Speed, mobility and reliability Grid stability Challenging grid access including lack of robust T&D, delayed

ecomagination

GE’s TM2500+ Solution offers fast, mobile and flexible power Power whenever and wherever it’s needed

© 2014 General Electric Company – All rights reserved

Distributed power overview

Aeroderivative aviation legacy

Applications

Features and benefits

1

2

3

4

5

TM2500+ … Mobile power solution

Fleet experience

2

Distributed power overview


GE’s portfolio … structured for growth

GE’s Energy Sector Businesses

Oil & Gas ~$15B

Power & Water ~$28B

Transportation ~$6B

Healthcare ~$18B

Aviation ~$20B

Home & Business Solutions ~$8B

GE Capital ~$46B

Energy Management ~$8B

8 businesses in more than 100 countries … 125+ years >300,000 employees worldwide

2012 revenue ~$147B © 2014 General Electric Company – All rights reserved


Supported by GE’s expansive global resources …

• GE’s Global Growth Organization (GGO) is in every part of world … provides local in-country

relationships and support

• 2,800 GE R&D employees and $5.7B spend … 1,000 PhDs, 5 global R&D centers

5

GE Power & Water: six diverse businesses

Renewables Water Nuclear Power Gen Products

Power Gen Services

• 100+ years of power gen and technology excellence … 10k+ gas turbine installed base

• Long-standing industry relationships … over 1,000 customers worldwide

• Extensive sales and service infrastructure … 40 global service centers; 3,000+ sales reps

$25B ‘13 revenue >40,000 employees 700 locations

Distributed Power


GE’s Distributed Power Distributed Power is generated AT or NEAR the point of use, on or off the grid

6

Gas turbines

• Based upon GE Aviation engines

• Provide high efficiency, fast starts, modular design, flexible fuel utility, and high availability

• Wide power output ranges tailored to a variety of operating demands

Reciprocating engines

• Jenbacher and Waukesha stationary, continuous duty gas-fueled reciprocating engines

• High efficiency, durability and reliability

Services

• Manages all after sales maintenance, repair and overhaul activities

~5,000 employees Manufacturing & Services locations

Cincinnati, OH

Houston, TX

Budapest, Hungary

Jenbach, Austria

Waukesha, WI

Shanghai, China (Huadian JV)

Rheden, Netherland (Services)

Brazil (Services)

~35,000 units installed in ~170 countries


7

Distributed power product portfolio

• Electrical output: 120 – 9,500 kW

• Elec. efficiency up to 48.7%, overall efficiency over 90%

• 20,500+ engines delivered, 21,800 MW power globally

• Natural gas and CHP, excellence in special gas applications (biogas, LFG, CMG, BFG), oilfield power

• Output: 160 bhp – 4,835 bhp (119 kW – 3,605 kW)

• 12,000+ compression engines delivered, over 13.2 million bhp power globally (9,850 MW)

• Wellhead, gathering, storage/transmission

• 18MW – 120MW turbines and packages

• Compression, Power Gen, mechanical drive, Cogen, CHP

• Quick mobile power: rapid deployment. Trailer mounted turbine solutions.

Gas Compression

Waukesha Aeroderivative

Power Gen/Mech Drive

Jenbacher/Waukesha

Power Generation

Aeroderivative aviation legacy


9

Aeroderivative gas turbines Packaged solutions from a strong heritage

LMS100 100 MW

CF6-80C2/E1 A330/B747/B767 LM6000 40-55 MW

LM2500 18-24 MW

LM2500+/G4 28-34 MW

TF39/CF6-6 C5/DC-10

CRJ100/605/850 CF34-3B

LM500

4.6 MW

Over 4,100 commercial aircraft …+182 million flight hours


LM2500 … Product line development

17.9 MW η = 35.8%

20.5 MW η = 36.9%

22 MW η = 37%

22.6 MW η = 37%

23.2 MW η = 37.6%

29-30 MW η = 39-40%

31.3 MW η = 41%

34.3 MW η = 41%

1970 1975 1980 1985 1990 1995 2000 2005

1st foreign navy ship

1st offshore platform app

1st PG app

1M op. hrs.

1st gas pipeline app

1st US Navy combatant (DD963)

First cogen app

5M op. hrs.

1st STIG system app

LM2500+ 1st engine shipment in 1996

>18M op. hrs.

LM2500+ develop.

CF6-6/TF39 28M flight hrs.

DLE combustor operational

LM2500+ power increase

LM2500 DF DLE offering

LM2000 offering

LM2500+G4 power continues to grow!

10M op. hrs.

1,000th engine delivered

1st fast ferry app


Fleet experience


LM2500 … Industrial fleet operating stats*

* Estimated as of January 10, 2014

LM2500 FLEET ALL SAC DLE

Total engines 1,871 1,349 522

Total operating hours 69,448,313 58,476,054 10,972,259

High time engine 243,415 243,415 134,775

Single Annular (SAC)

FUEL SYSTEM ENGINES HOURS

Gas

Dry 548 25,427,107

Steam inj 49 5,039,444

Water inj 79 3,820,317

Liquid

Dry 44 1,894,172

Steam inj 2 93,334

Water inj 36 1,493,804

Dual

Dry 396 13,712,427

Steam inj 3 297,200

Water inj 192 6,698,249

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13

LM2500 … Availability and reliability figures

99.9 99.9

98.0 98.3 98.4 98.2

100

98

96

94

92

90

2012 2011

99.8

2010

99.8

2009

97.7

99.8

2013

Availability Reliability

Source: ORAP®; All rights to Underlying Data Reserved: SPS®

*2013 data through May

Aircraft engine and LM family experience

Extensive development testing

Every engine is factory full-load tested

Lease engine and rotable component availability

Aircraft engine maintenance philosophy

Gas generator and package set 50th percentile unit (median)

All data represents 12 month period


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TM2500 global experience

Factory/storage locations

TM sales

TM rentals

Proven experience … Multiple applications

• Over a decade of experience

100+ units sold in 16 countries

37 rental projects in 18 countries

• Applications: distributed generation; supplemental power; industrial power; emergency/disaster recovery

Applications Solving our customers’ challenges


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Multiple applications in a wide range of industries

The challenge Description Potential industries TM2500+ as a solution

Limited or no access to the electric grid

Oil & Gas, mining General industry Power generation

Speed, mobility and reliability Grid stability

Challenging grid access including lack of robust T&D, delayed grid access, remote, islanded and mobile operations

Rapid energy demand growth

Government Utilities General industry

Speed, reliability Power generation

High and rapid demand for electricity such as new,

large off-grid construction projects

Lengthy buildout of electricity generation infrastructure


Speed, reliability Power bridging

Construction lead times and delays on new generation facilities

Escalating electricity prices


Fuel flexibility

Peak shaving

Escalating electricity rates during seasonal or peak periods

Natural disaster And emergencies

Government Utilities

Speed, mobility

Emergency power Emergencies impacting power

generation sources

Flare gas Oil and gas

Fuel flexibility, mobility Monetize gas flaring and reduce diesel consumption

Natural gas flared in oil fields wasting $ billions and millions of tons of GHG emissions


24 TM2500+ turbine generator sets produce more than 480 MW of power for the northern districts of M’Sila and Fkirina.

Scope includes:

• Services - Site management, EHS, security

• Spare parts including hot sections and GTs

• Pulse filtration kit (’14)

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ALGERIA 480 MW on-demand power Grid stability application …

Algeria faces a drastic need for more power, particularly during the hot summer months when there is close to 10 percent annual growth in electricity demand


One TM2500+ turbine generator package commissioned within 10 days of arrival and was ready to provide a fast, permanent source of power generation.

Key parameters:

• 23 MW power generation

• 35% efficiency

• Liquid fuel

• Water injection for lower NOx levels

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GREECE 23 MW peak shaving Peaker application …

Summer peak power demands due to the influx of approximately 2 million tourists to the Greek island of Rhodes


5 TM2500+ turbine generator sets delivering 120 MW of on-site power to help bridge the gap in terms of capacity.

Angola has a population of 19 million people, with only 26% having access to power. From temporary to permanent energy infrastructure.

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ANGOLA 120 MW bridging power Grid reliability …

The Angolan government was looking for a more cost-effective and flexible energy solution to improve grid reliability and counter the rising cost of diesel fuel


7 TM2500+ turbine generator sets delivering 160MW of power to help stabilize grid which is dependent on

hydropower.

Key parameters:

• Fast track … contract negotiated and signed in less than 24 hours

• 1st unit … “lights on for Christmas”

• Commissioned in 12 weeks

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ECUADOR 160 MW grid firming Grid stabilization …

Dependence on hydropower generation which is affected by weather patterns

Features and benefits


Features and benefits of the TM2500+ solution

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Fuel flexibility Can operate on gas and/or distillate liquid fuel

Lower emissions 50 percent lower emissions than diesel generators when operating on gas

Proven technology More than 1,800 LM2500 gas turbines deployed with 69 million operational hours of experience

Scalable, reliable power Able to add 31 MW blocks of power as demand increases Distributed power

Localized power supply, eliminating the need for additional transmission and generation infrastructure

Project experience More than a decade of experience in providing emergency power

Turnkey design Delivery of complete energy solution

Speed On-demand power plants delivered in weeks, not months

Mobility Mounted on a mobile, two-trailer assembly, they can be transported via land, sea, and air

Reliability and availability One of the most reliable distributed power units available due to the LM2500 aviation legacy

+

+

Enhanced design Two-trailer footprint for high power density


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Performance highlights …

60 Hz 50 Hz

Output: 30 MWe 26 MWe

Efficiency: 38% 36%

Fuel type: Broad range of gas and/or liquid fuels

Emissions: 25 ppm (gas)/42ppm (liquid), with H2O inj.

Footprint: 78’ x 21’ (24m x 7m)

Noise level: As low as 87 dBA

Frequency: 60 Hz or 50 Hz

Mobility: Trailer mounted

Delivery: Quick installation Note: Power and heat rate estimates, at generator terminals, based on ISO conditions, natural gas fuel and std. inlet/exhaust losses


The TM2500+ solution can be deployed more than 6 times faster than other technologies

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TM2500+ mobile gas turbine

Gas turbines Combined cycle

Customers may immediately generate incremental electricity revenue

$ millions in electricity revenue

~ 16 MONTHS ~ 6 MONTHS ~ 1 MONTH*

*Note: The TM2500+ can be in commercial operation approximately 30 days after an order is placed, but these times may vary based on project location, site readiness, permitting process, and other variables


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Simplified two trailer setup …

Main trailer

Auxiliary trailer


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Design and component layout

Switchgear

Transportation stinger

Exhaust stack

Inlet filter assembly

Inlet plenum

LM2500+ Generator

Generator inlet and exhaust

Trailer gooseneck

Transportation jeep

Control room and battery room

Hydraulic starter

Fuel/water pumps

Lube oil coolers

Turbine enclosure fire suppression

Main trailer

Auxiliary trailer


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Fast start capability … 10 minutes to full load

0

2000

4000

6000

8000

10000

12000

0 100 200 300 400 500 600 700

Time (sec)

LM

25

00

HP

C s

pe

ed

- (

rpm

)

Engine & stack purge

Full load

Turbine warm-up

(@ LP rotor =3600rpm)

Includes synchronization and breaker closure

Ignition & ramp to

synchronous idle

Ramp to full load

~5MW/min

Source: ORAP ‘All rights reserved: SPS

*Analysis based on Industry data and historical records


Flexibility to operate with various fuels

Standard fuels

a) Pipeline

b) Diesel

c) Aviation fuels

Non-standard fuels

a) Propane

b) Ethane

c) Bio-diesel

d) Ethanol

e) Naphtha Talk to us about your

fuel supply options


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Typical engineered equipment …

Our extensive knowledge of Aeroderivative turbine requirements and package interfaces, along with our base of experienced suppliers, allows us to decrease cycle times by quickly specifying, ordering, and delivering proven equipment solutions.

Mechanical

Fuel treatment

Gas compression

Gas conditioning

Emissions control modules

Emissions monitoring

Forwarding pump systems

Water treatment systems

Compressed air systems

Electrical

DC battery systems

LV/MV switchgear

GSU transformer

Unit aux transformer

Protection relays

Black start generator

Power control modules

Generator circuit breaker


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Standard kit pre-engineered layout …

HV

SW

U

niv

ers

al

Module

Fo

llow

GS

G

HV

Bre

aker

Univ

ers

al

Fo

llow

availa

ble

Site

HV

ratin

g.

Surg

e A

rreste

r

CC

VT

Dis

connect S

witc

h

52G

Cu

sto

mer T

ake O

ff

52U

Auxilia

ry

Pow

er

Module

GS

U

52G

TM25

TM25

Co

ntro

l and

LV

Po

wer cab

le to

GSU

, 52

U, H

V LV

P

ow

er cable to

LF p

um

p skid

s, LF P

urifier, G

F pressu

re R

edu

ction

skid

LV

Auxiliary

Transformer

+

Fused Switch

Switchboard

6x

International

Receptacle

+

Lighting

Panel

+

Transformer

Relay Panel

+

UPS w/ 125VD

C

Marked Floor for MV + LV +

Control Cables + Portable Lights

TM1

TM2

Multi-range GSU

2 GSUs to cover entire range of kVs and frequency

Modular MV/LV Skid

Single integrated unit; plug and play capability

Modular HV substation

Shipped in 2 40’ containers; fast installation

Fuel system (Gas/liquid)

Designed to work across wide range of fuel specs

Customer grid


GE offers many services to support the ongoing

operation and performance of the units including,

but not limited to …

• On-call technical advisory services

• Maintenance planning and training

• On-site hot section, combustor, and other modular

exchanges

• Depot repair services for scheduled overhauls and unscheduled repairs

• Performance testing

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Service programs …


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Modular maintenance drives availability

* Spare or lease engine installed during refurbishment.

Maintenance intervals above are based on gas fuel operation

12 days of outage

in 50k hours of operation

Assuming site fuel meets GE specifications

Hours Scheduled maintenance action Outage duration

4,000 Inspection (Every 4,000 hours) 12-16 hours

25,000 On-site hot section replacement 3 days

50,000 Depot refurbishment* 2-3 days


100,000 Depot refurbishment* 2-3 days



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Comprehensive commercial offerings Sales and project finance capabilities …

• Structuring expertise across all sales finance products and industries;

global segment intelligence

• Advisory at all stages of the project development and finance life-

cycle … acquisition, pre-bid, bidding, execution and negotiation

• Government mandated offset requirements and countertrade

Expertise

• Sales finance advisor to the GE industrial businesses

• Shared objectives with the GE businesses … complement GE Capital

by focusing on growth segments and GE equipment

• $9B+ financing in ‘12; ~100 FTEs in 25+ countries

Organization

• Access to local, global and alternative debt and equity sources

• Direct access and influence with key Export Credit Agencies (ECA)

• GE investments in strategic transactions

Funding

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69

~1

11

10

MW Power potential on wheels

Million hours Accumulated hours of successful heritage operation

Month From contract signature to commissioning

Days From parking first trailer to commissioning

Minutes To ramp up to full power production


TM2500+ Animation


Proven experience

36 rental projects in 17 countries Global installed base: 99 units sold in 15 countries

Qty. Term (mos) Year Location Country

5 3 2000 Chicago, IL USA

3 6 2000 Cork Ireland

2 6 2000 Mayo Ireland

5 3 2001 Tucson, AZ USA

5 3 2001 Phoenix, AZ USA

5 3 2001 Salt Lake City, UT USA

1 4 2001 Crete Greece

3 6 2001 San Nicolas Aruba

3 6 2001 Cork Ireland

2 6 2001 Mayo Ireland

7 15 2001 Tacoma, WA USA

10 3 2002 Long Island, NY USA

3 4 2002 Stamford, CT USA


1 5 2003 Norwalk, CT USA

6 8 2003 Guadalajara Mexico

5 5 2003 Accra Ghana

5 9 2003 Acapulco Mexico

5 5 2003 Grafton, Ontario Canada


4 5 2004 Perth Australia

1 4 2005 Port Fourchon, LA USA

1 3 2005 Beaumont, TX USA

5 3 2005 Athens Greece

1 10 2005 Ajaccio Corsica, France

4 24 2005 Barinas Venezuela

3 7 2006 Mossel Bay S. Africa

3 28 2006 Stamford, CT USA

7 36 2006 Lahore Pakistan

4 36 2008 Buenos Aires Argentina

3 18 2010 Salalah Oman

4 36 2010 Ghorasal Bangladesh

10 24 2011 Tokyo Japan

1 36 2012 Calgary, Algerta Canada

6 18 2012 Al Haritha, Basra Iraq

1 18 2012 St. Thomas USA, Virgin Islands

Qty Contract YearCountry Engine

13 2003 Iraq 2500

1 2003 USA 2500

1 2003 Australia 2500

7 2004 Iraq 2500

1 2005 Canada 2500

2 2005 Indonesia 2500

1 2005 Australia 2500


3 2006 Tanzania 2500


3 2008 USA 2500

4 2008 Argentina 2500


1 2008 Nigeria 2500

2 2009 Angola 2500

1 2009 Angola 2500

7 2009 Ecuador 2500


1 2011 Greece 2500+

2 2011 Japan 2500+

2 2011 Bolivia 2500+

6 2012 Algeria 2500+

5 2012 Angola 2500+

6 2012 Venezuela 2500+

1 2012 Australia 2500+

24 2012 Algeria 2500+

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Compact footprint … High power density 77% reduction in installed footprint*

*Compared to previous generation TM2500

107’ x 67’ 32m x 20m

78’ x 21’

24m x 7m


TM2500+ fuel flexibility

0 23200 46400 69600 92800 116000 0

10

20

30

40

50

60

70

80

90

100

NG

N 2 , CO, CO

Mo

dif

ied

Wo

bb

e

Ind

ex

Pa

ram

ete

r

kJ/kg Heating value – 0

0

10

20

30

40

50

60

70

80

90

100

H2

2

Refinery, process

off gases • High H2, CO2, CO

LNG, associated

flare gas

• High C2+

LNG

• High N2, CO2

COG, Low kJ

Syngas

• High H2, CO2, CO

C2+

See spec MID-TD-0000-1 for final determination

on acceptable fuel usage

Fuels characterized by the following LHV and constituents:

• Modified Wobbe Index < 40 or > 60 • Low to med kJ fuels, LHV < ~30,000kJ/Nm3

• High kJ fuels, LHV > ~45,000 kJ/Nm3

• High H2 fuels > 5% by volume • High CO, CO2, N2, C2+

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http://www.europavalve.com/images/oil-refinery-crop2.jpg


At 60 Hz … • Reduces gas consumption by more than 95,000 MMBTU — yielding an

annual fuel savings of $500,000

• Reduces CO2 emissions by 5,700 metric tons—the equivalent of removing 1,120 cars from U.S. roads

At 50 Hz … • Reduces gas consumption by more than 64,000 MMBTU — yielding an

annual fuel savings of $640,000

• Reduces CO2 emissions by 3,800 metric tons—the equivalent of removing 1,900 cars from E.U. roads

*Represent estimated savings based on operating on natural gas at ISO conditions

with water injection, when compared to GE’s previous TM2500 aeroderivative gas

turbine, 60 Hz 37% efficiency / 50Hz 35% efficiency at 25 ppm NOx

Proven technology … Environmentally friendlier

ecomagination

Improved design yields operational and environmental benefits



41

Comprehensive advisory expertise …

Value proposition

• Support CommOps with contract payment risk:

– Payment term risk analysis

– Alternative payment T&Cs and structures

• Provide restructuring expertise for specific industries

• Proactive portfolio management including workouts

• Perform detailed analysis to assess project feasibility and

bankability

• Raise capital on behalf of the customer from multiple sources:

– ECA application and process advisory

– Debt and equity fund raising

Capital raising mandates

Project financial

feasibility analysis

Capital optimisation and

funding strategy

Restructuring and

workouts

Contract payment risk

analysis and structuring

Advisory services

• Understand customer finance requirements and best solutions:

– Project vs. corporate

– Opex vs. capex

– Lease vs. buy


1. Performance Guaranteed output and heat rate

• Liquidated damages plus

• Must meet guarantee

2. Warranty • Equipment (12 months from first fire/18

months from delivery) • Services

3. Operation and maintenance • Comprehensive maintenance program

throughout project term

• Equipment availability

• Starting reliability • Plant efficiency

4. Experience and know how • Technical advisory service

• 100+ years of power generation experience

• Proven Technology

42

Comprehensive commercial offerings We provide peace of mind by addressing …

GE scope will include: • Installation and commissioning services,

• Performance testing,

• Training services,

• Technical advisory services (BOP, pulse filter, and chiller coils)


43

Interconnection Improvements … 24hr set-up for the inlet and exhaust assembly

Exhaust duct assembly

Inlet filter assembly

Turbine enclosure assembly

Inlet plenum

Improved inlet and exhaust connections make for quick installation


44

Comprehensive commercial offerings Sources of capital …

Equity

Niche Developers SWFs Private Alternative

Debt

Reg’l banks Int’l banks ECAs DFIs Cap’l segments

Project bonds CLOs MLPs Funds REITs

http://www.fengatecapital.com/

http://www.global-infra.com/index.html

http://www.gulfcapital.com/Home.aspx

Documents

GE’s TM2500+ solution Fast, mobile and flexible power...Power generation Speed, mobility and reliability Grid stability Challenging grid access including lack of robust T&D, delayed