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Aerospace Industrial Development Corporation & GE Signed MOU

To Select GE Gas Turbines for Fast Power Project(s) in South East Asia and Taiwan in line with New Southbound Policy.

Taipei – November 11, 2016 GE (NYSE: GE) and Aerospace Industrial Development Corporation inked an MOU, where the two parties agreed to partner to deploy GE’s advanced Gas Turbine Technology for fast power projects in Taiwan and throughout Southeast Asia. The agreement marks a significant expansion of the strategic cooperation between the two companies focused on the fast power energy sector. Under the agreement, GE will support ADIC’s EPC projects with its advanced TM2500 aero derivative gas turbines.

“The project pushes GE-ADIC cooperation to a new level,” said Mr. Kang Shiah, Acting President of AIDC, “It sets a milestone for our joint efforts for fast power deployment, and creates a cooperation model for joint exploration of fast power generation market in Taiwan as well as South East Asia.”

“GE is very excited to expand upon our successful history of working with AIDC with this new focus on fast power opportunities in Taiwan and across Southeast Asia. There is a tremendous need for flexible, efficient and environmentally friendlier energy and GE's TM2500 Turbine package can be deployed faster than anything else in our portfolio to support critical energy needs across the region. This MOU provides both companies the opportunity to solve some of the toughest challenges Taiwan and other Southeast Asia countries face with their growing power demands. GE is committed to grow in Taiwan and helping execute Taiwan’s new “Southbound Policy”, said David Ross, President of GE’s Global Fast Power business.

GE’s TM2500 Package has been a leading technology for fast and emergency power applications in the past 15 years, with more than 2,000 units of its core engines delivered globally and less than half the installation time of other similarly-sized power solutions. This technology has been installed successfully in areas such as Indonesia, Egypt, Algeria, Greece and Japan.
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.
About GE Power
GE Power is a world leader in power generation with deep domain expertise to help customers deliver electricity from a wide spectrum of fuel sources. We are transforming the electricity industry with the digital power plant, the world’s largest and most efficient gas turbine, full balance of plant, upgrade and service solutions as well as our data-leveraging software. Our innovative technologies and digital offerings help make power more affordable, reliable, accessible and sustainable.
For more information, visit the company's website at Follow GE Power on Twitter @GE_Power and on LinkedIn at GE Power.
About AIDC
AIDC is the largest and leading aerospace manufacturer company in Taiwan with extensive capability in aerospace engine and airframe structure. With AIDC extensive experience and knowledge accumulated from aero derivative engines, AIDC has ventured into Engineering, Procurement and Construction of gas turbine power plants scattered across Taiwan since 2000. In 2003, in line with Taiwan government’s vision to promote clean energy, AIDC has ventured into wind farm build up, as well as biogas application inside Taiwan and South East Asia market. The total capacity built by AIDC to date comes up to approximately 107 MW.