SHENYANG, CHINA - June 28, 2006

GE Energy today announced the official opening of its first wind turbine assembly plant in China. Located in Shenyang, the multi-million dollar facility will provide local support for the growing wind power industry in China and Asia.

The GE Energy (Shenyang) Co. Ltd. facility, wholly owned by GE, is designed to produce 1.5-megawatt wind turbines. The first wind turbine assembled at the Shenyang plant was completed in late March of this year, and the delivery of the first units is expected by July.

“Our world-class wind turbine assembly facility in China builds on the success and experience of our wind factory in Salzbergen, Germany. The Shenyang facility adds to our ability to support growing customer demand in the renewable energy segment,” said Victor Abate, vice president of renewable energy for GE Energy. “The wind plant in Shenyang meets the requirements on wind turbine localization set by China’s National Development and Reform Commission. It demonstrates our long-term commitment to the region, and expands our local capabilities to provide technology and services to help meet China’s growing power capacity requirements,” he added.

The wind turbine assembly plant is located adjacent to two other GE joint venture facilities in Shenyang: GE Liming Gas Turbine Component Co., Ltd. and GE Shenyang Turbomachinery Technology Co., Ltd. The three facilities represent a GE investment of more than US$50 million in China’s northeast region.

Wind power is expected to play a significant role in supporting China’s national target to create 30 gigawatts of new, renewable energy capacity by 2020. With a potential wind power capacity of 250 gigawatts onshore and 750 gigawatts offshore, China holds the largest wind resource of any country in the world. Over the past two years, GE has committed a total of 700 megawatts of its advanced wind turbine technology for China, which can power approximately 700,000 Chinese homes – while preventing future carbon dioxide emissions of more than 1.4 million tons per year. These projects include a total of 173 units announced in 2005 for four new wind farms in Hebei, Xinjiang and Jiangsu provinces; and 24 units announced in 2004 and 2003 for the Chongming and Nanhui projects in Shanghai, and the Huitengxile wind project in Inner Mongolia. GE’s 1.5-megawatt wind turbines, the largest capacity units installed in China, are among the world’s most widely sold turbines in the megawatt class, with approximately 4,500 installed worldwide. These units are becoming well-established in Asia, with 1,040 megawatts of capacity committed for wind power projects in the region. The continuing advancement of wind power is a key component of GE ecomagination, a commitment to cleaner technology options that is at the forefront of the company’s business initiatives.

In May of this year, GE signed a memorandum of understanding (MOU) with China’s National Development and Reform Commission to expand cooperation in the development of advanced environmental technologies, including wind power. GE also will invest up to $50 million in ecology-related research and development funds at its China Technology Center in Shanghai over the next five years.

“The MOU is a practical application of GE’s ecomagination initiative – a global growth strategy where advanced technologies help answer modern challenges and support the needs of our customers,” said Abate. “This focus is particularly appropriate in China, due to its significant energy requirements and serious challenges regarding availability of natural resources.” GE Energy is highlighting its wind turbine technology at the 3rd Asian Wind Power Exhibition and Conference June 28-30 at the China World Trade Center in Beijing. About GE Energy

GE Energy (www.ge.com/energy) is one of the world's leading suppliers of power generation and energy delivery technologies, with 2005 revenue of $16.5 billion. Based in Atlanta, Georgia, GE Energy works 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. Numerous GE Energy products are certified under ecomagination, GE’s corporate-wide initiative to aggressively bring to market new technologies that will help customers meet pressing environmental challenges. GE Energy in China

GE’s energy business has been involved in China for nearly a century, and has provided the country with 240 gas turbines, 70 steam turbines, 307 hydropower turbines and more than 300 compressors. In addition, GE has been providing engineering and service solutions to help Chinese customers improve the reliability and availability of their energy production and transmission assets. GE’s China Technology Center in Shanghai, one of GE’s four global research centers, is home to GE Energy’s Asia wind engineering/technology team.