7HA GT Overview

August, 2016

Imagination at work.
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AGENDA

1. Instroduction and Gas Power Systems portfolio of products

2. Proven technology
3. 7HA Technology overview and evolution
4. Constructability benefits
5. Test Stand Validation
6. Customer acceptance

GE Latin America 33

Privileged and Confidential

Introduction and Portfolio
of Produtcs
Gas Power Systems

GE Latin America – FP&A 4

Powering the world now and for the future
GE heavy duty gas turbine fleet … Power demand growing
More than … (Next 10 Years)

5,300 Units 600 GW

1 More people
Billion
190 Operating
Hours 2.6 Fired
Starts
3
Million Million More MW of capacity
Million
Leading performance …
GE Fleet Industry  $ 5
On new power plants
Reliability 98.1 97.5
Trillion
Availability 93.0 91.2 Fueling
Start reliability 98.2 97.9
Source: ORAP®. All rights to underlying data reserved: SPS®. Modified by GE.
$ 124 Global economic growth
Rolling 12-month data Apr'14 - Mar'15.
Trillion
World’s largest and most reliable gas turbine fleet

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GE’s 2016 HDGT portfolio
Gas Turbine rating Combined Cycle rating
60 Hz

.02 346 MW 509 MW

7HA >62% net
.01 280 MW 419 MW
CC Efficiency
.06 270 MW 394 MW
7F .05 241 MW
.04 198 MW
7E .03 91 MW

50 Hz

.02 519 MW 774 MW >62% net

9HA .01 429 MW 643 MW CC Efficiency
.06 342 MW 508 MW
.05 299 MW
9F .04 281 MW
.03 265 MW
.04 145 MW
9E .03 132 MW H-class
F-class
E-class

Broad portfolio for efficient , flexible & reliable gas turbines

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Industry-leading products and plants
World’s broadest , most Technology and plant Industry orders shifting
competitive portfolio capability drives industry towards H-class (% by MW)

65 100
H-Class

Combined cycle efficiency %

19%

% of industry GT orders
F-Class 45%

60 introduced Utility
2013
air-cooled 43%
27%
E-Class
55 introduced
2003 12%
introduced steam-cooled 9%
Industrial <100 MW Intermediate
1986 13% 9%
introduced
50 Aeroderivative 12% 11%
Distributed
1972 0
2000 2300 2600 2900 ‘05 ‘14 ’19e
Gas turbine firing temperature °F Order year
‘16 Catalog performance  GE leads the industry in size and H-class fastest growing segment …
$600M of value creation vs. ‘15 efficiency … driving best economics approaching ½ of industry orders

Investing $2B to deliver strongest portfolio and plant capability

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Proven Technology

GE Latin America – FP&A 9

 GE full speed, full load test facility Full scale

in Greenville, SC
production gas
Full scale load turbine
compressor
Gear
World class, full-scale gas Greenville, SC box
turbine and compressor Torque
converter
validation facility Drive
motor
• Off-grid full speed, full load test Starter
motor
capability
Power train
• Able to operate beyond “real world” 49m long
limits: speed, load, pressure
• Comprehensive validation before FF
in field Over 6,000 instruments
• Enabling rapid acceptance by 3,305 Thermocouples
customers, insurers & lenders
1,890 Pressures Transducers
753 Strain Gauges
334 Light Probes
128 Clearance Probes
164 Accelerometers
388 Other
10

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GE’s HA gas turbine exceeds expectations
7HA.01 validated in ‘15, 7HA.02 in ‘16
Extreme operation conditions allowing massive
data generation which would take years to get in
the field:


Test Stand Field Operation 36 HA orders
1 Unit
200 Hours > 500 Units
1 Year
worldwide

Proven Results



Baseload performance achieved
+110% output / high flow demonstrated
+75oF overfire demonstrated
 Full insurance
coverage

 Emissions & operability verified


 <25% turndown achieved and
 <10 min fast start demonstrated
US Exim Bank
 80 MW/min ramp rate demonstrated funding
 Gas variation – doubled (to ± 15% MWI)
 Cold fuel to base demonstrated

The most instrumented tested machine in the world

12
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First Full Speed No Load (FSNL) completed
Highlights:
 The unit started on the first
attempt
 Operated with very low
vibration levels
 Low combustion dynamics
 Aerodynamic/aeromechanics
as expected
 Completed two 5 hour “green
rotor” runs with an overnight
cool down between runs
First production testing completed in Greenville last month
GE Proprietary
7HA.02 in Greenville, SC

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Customer Acceptance

GE Latin America – FP&A 15

Winning with the HA Gas Turbine
Economics, operability and low emissions driving acceptance
7HA TS/Orders
9HA TS/Orders

93 44 35

Technical Selections Orders Gas Turbine GW

7HA: 52 7HA: 28 (20x7HA.02) 7HA: 17
9HA: 41 9HA: 16 9HA: 18 16
GE Title or job number
16
8/12/2016
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7HA.02 Gas Turbines
Project Customer Name Country Status GT Frame # of GT's
Anyang GS Power Korea Order Booked 7HA.02 1
Anyang GS Power Korea Order Booked 7HA.02 1
Bridgeport PSEG United States Order Booked 7HA.02 1
Colorado Bend Exelon United States Order Booked 7HA.02 2
Ockeechobee FPL United States Order Booked 7HA.02 3
Wolf Hollow Exelon United States Order Booked 7HA.02 2
Moxie Freedom Moxie Energy United States Order Booked 7HA.02 2
TVA Allen TVA United States Order Booked 7HA.02 2
Sewaren PSEG United States Order Booked 7HA.02 1
Confidential Confidential United States Order Booked 7HA.02 3
Confidential Confidential United States Order Booked 7HA.02 2
Confidential Confidential United States Commit 7HA.02 2
Confidential Confidential Brazil Tech Select 7HA.02 3
Confidential Confidential Brazil Tech Select 7HA.02 3
Confidential Confidential Korea Tech Select 7HA.02 2
Confidential Confidential Mexico Tech Select 7HA.02 2
Confidential Confidential United States Tech Select 7HA.02 1
Confidential Confidential United States Tech Select 7HA.02 2
Confidential Confidential United States Tech Select 7HA.02 1
Confidential Confidential United States Tech Select 7HA.02 1
Confidential Confidential United States Tech Select 7HA.02 2
Confidential Confidential United States Tech Select 7HA.02 1
Confidential Confidential United States Tech Select 7HA.02 1

17
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 HA Technology: First Commercial Units
9HA.01 EdF Bouchain 7HA.02 Exelon

Site Overview First fired: 17th Dec 2015 Unit shipping

First Synch: 21st Jan 2016 GT BL: 29th Jan 2016

CC BL: 3rd March 2016

On schedule for COD in June 2016

18
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Information.
9HA plant record performance achievement

Performance
62.22% CC efficiency
605 MW

Operability
<30 minute plant start
<30% plant min load
-260 MW … 4 secs
+100 MW … 5 secs

© 2016 General Electric Company. Proprietary. All Rights Reserved. 19

7HA.02 fired hours (technical selected units)
700,000

600,000

500,000 COD
400,000
Any order received Installed base
300,000
after Q1/17 already >22.8 years
200,000

100,000

~600,000 hours (68.5 years) by end of 2020

20
20
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Insurance coverage & full financing support
GE updates Insurance community on Complete coverage and financing
new products, fleet status, issues & support for the 7HA
resolutions.
Full GE coverage
Key support factors …
• Fully covered … no inspect only parts
• Largest operating Gas Turbine fleet
• Complete set of local spares prior to first fire
• Extended Warranty provisions
• RAM … >95%
• Spares allocation & availability
• Payment terms based on demonstrated
• GE’s validation capability
performance
Available options
US Exim 7HA funding
• Business Interruption
• Considered as proven, evolutionary
• Delay & Start-Up
technology
LEG2 - cover from leading insurance providers

21
© 2016 General Electric Company - All rights reserved
The 7HA gas turbine for reliable,
cost-effective power
Largest , most efficient …
capex & opex productivity with 400 – 500 MW+ CC blocks

Simplified systems …
reliable, air cooled & packaged

Wide fuel & operating flexibility …

gas/liquid fuels, start times, ramp rate & turndown

Comprehensively validated …
full load, grid code

Orders & selections ramping …

recognition of customer value

Power generation industry and technology leadership

22
22
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Information.
7HA Technology overview
and evolution

GE Latin America – FP&A 23

HA high efficiency gas turbines
The most cost effective conversion of fuel to power

Compressor Hot gas path Product performance

• Field replaceable blades • Air cooled GT 1x1 CC
• 7F.05 validated • Proven super alloys MW CC MW Efficiency
7HA.01 280 420
7HA.02 346 509
> 62%
9HA.01 429 645
9HA.02 519 774

Flexibility
Fuel Ethane, ASL
DLN2.6+ Combustor Turndown 25% GT base load
• Proven performance
• Broad fuel flexibility Ramp rate 15% GT MW/min

HA Gas turbines … for reliable, cost effective power generation

24

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HA Gas turbine platform evolution
Three generations of gas turbine technology
9H 9F.05 7F.05
2003 2005 2012

4-stage VGV Single crystal alloys 3-stage VGV

4-stage Turbine DLN 2.6+ 14-stage Compressor
Single crystal alloys Field-replaceable blades

Full load
7/9HA validated
Oct 2014

Note: Year denotes first operation

Over a decade of technology advances and 50 million hours of experience

26

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Gas turbine technology evolution
7F.04
3 Stage Hot Gas Path

7F.05
14 Stage Compressor
DLN 2.6+ Combustion 9HA.02
from 9F
4 Stage Hot Gas Path Flow scale

9HA.01

7H/9H
7HA.01
Flow scale

7HA.02

Systematic progression of proven technology

27
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HA technology experience

Validated compressor … 7F.05 (2011) Hot gas path with proven alloys
Fully mapped & in commercial service Single crystal, proven TBC coatings

DLN 2.6+ combustor Mark VIe Controls, Opflex* software

77 units, 1.4 million FH & 26,000 FS 2500 units in service since 2004

Evolutionary, proven technology

28
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TRANSFORMING THE INDUSTRY

WITH THE HA GAS TURBINE

GE's HA Technology for the best economics Making an impact

7HA.01/.02
60HZ

280-375MW
90 Technology
units selected

SIMPLE CYCLE

420-560MW
>62%
COMBINED CYCLE
44 Units ordered

25
+
COMBINED CYCLE Shipping in ‘16

© 2016, General Electric Company. All Rights Reserved.

30
Beyond the gas turbine … a total plant
perspective
7HA gas turbine compartment Key outcomes
• Lower EPC installation
price
• Speed … enables later
GT shipment
• Consistency and quality
… higher plant reliability
Field connections  40% Electrical terminations  80%
Field welds  50% Field installed valves  98% • Outage productivity …
Pre-engineered and pre-fabricated fast removal/assembly
• Integrated fuel control, air extraction, and
ventilation systems into GT compartment
• 25% site reduction labor … 8 weeks less

Innovating to provide lifecycle customer benefits

31

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7HA.02 units entering commercial operation

40

35
Units in Commercial Operation
30
Cummulative Units
25

20

15

10

0
1H'17 2H'17 1H'18 2H'18 1H'19

36 units COD by mid ‘19 based on tech selections

32
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2016,
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7HA.02 fired hours based on tech selected units
700,000

600,000

500,000

400,000

300,000

200,000

100,000

~600,000 hours by end of 2020

33
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2016,
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Potential 7HA.02 fired hours based on active bids

1,400,000

1,200,000 Potential hours (based on 15 additional units)

Hours based on tech selects

1,000,000

800,000

600,000

400,000

200,000

Potential for ~1.2 million hrs by end of 2021

34
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Insurance coverage for GE HA technology
GE updates Insurance community on new products,
F-fleet status, issues & resolutions.

Key support factors …

• Largest operating Gas Turbine fleet
• Extended Warranty provisions
• Spares allocation & availability
• GE’s validation capability

Available options
• Business Interruption
• Delay & Start-Up
(Formerly Torus)

LEG 2 - cover from leading insurance providers

35
35
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Electric
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Full support & financing for 7HA gas turbines

Full GE coverage US Exim 7HA funding

• Fully covered … no inspect only parts Considered as proven,
evolutionary technology
• Complete set of local spares prior to
first fire
• RAM … >95%
• Payment terms based on
demonstrated performance

Complete coverage and financing support for the 7HA

36
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Electric Electric Company.
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