Growth in the Middle East

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Gillian Morgan
6 years ago
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1 GE Energy Growth in the Middle East Steve Bolze President Power Generation Abdullah Taibah Region Executive, ME Energy overview

2 Middle East/Africa 140 GW addition to 2015 Total capacity additions GW ( ) W. Europe E. Europe & FSU N. America China Latin America Middle East / Africa 10 year avg annual cap adds (GW) Nuclear Renewables Hydro Coal Gas/Oil TOTAL India RO Asia 230GW installed 3% reserve margin 60% increase estimated by 2015 Source: GE Energy PG Marketing 3 GE Energy in the Middle East Orders ($billions US) % AAGR % AAGR Regional Initiatives Infrastructure development driving power and co-generation needs Industrial development at accelerated pace... the world hub for LNG, aluminum, petrochemical, GTL and refining F Clustered Infrastructure approach King Abdullah Economic City, KPIZ Abu Dhabi 4

3 Technology excellence across the portfolio Gas Cleaner Coal Nuclear Biomass Solar Network Reliability Wind Hydro Environmental Asset Services Optimization 5 Recent Middle East Gas Turbine Activity Arbil (4x9E s) Qudus (2x9E s) Opportunities: Lebanon Syria RAF (3 x 9FA) QatarGas (12 x 9E s) Iraq Samra (1 x 9E) Kuwait Bahrain Jordan Hamriyyah (4 x 9E) Zawra (6x9E s) Qatar U.A.E. Qurayyah (15 x 7FA) Marafiq (12 x 7FA) Messaeid (6 x 9FA) PP8 ext. (4 x 7FA) PP9 (12x7EA) Rabigh (16x7E s) $3B+ Saudi Arabia PP9 (20 x 7EA) Jizan (7EA) Tihama (6 x 7FA) Om n Yeme an Saih Rawl (1 x 9E) 12+ GW / Year. Well Positioned 6

4 Technology excellence across the portfolio Portfolio Presence Contractual Services Gas Environmental Cleaner Coal Nuclear Wind Hydro Optimization & Control Gas Engines Crude Gasification Opportunity Biomass Solar Network Reliability Environmental Asset Services Optimization 7 Energy Middle East growth strategy Technology.Fuel Flex Localization.Local Nationals Profitable growth Fulfillment.Short Cycle Customer Solutions.Infrastructure Approach 8

5 Technology Qatar LNG industry ~80% of world s LNG production done with GE compression technology A solution for any scale GE installed base technology Power (MW) Liquefaction (MT/y) MT/y Fr5 Fr7E Fr9E Fr9-driven large LNG super-trains up to 7.8 MT/y 80 MT/y GT Fleet Fr5 12 Fr7 10 Fr9 18 North Field Ras Laffan Doha QATAR #1 for gas reserves/ sq mile ~250 years UK demand $400MM orders generated

Technology differentiation Fujairah PP9 First and

Gallon Per Day Commissioned in 2003 GE extension

6 Technology differentiation Fujairah PP9 First and largest Hybrid IWPP in ME 656 MW / 100 Million Gallon Per Day Commissioned in 2003 GE extension underway Biggest Single GT site in the ME 2500 MW / 36 7EA s Commissioned 1998 Tri-Fuel Capabilities Technology Differentiates GE 11 Customer solutions

Desalination opportunity Gulf cooperation countries KSA 42% UAE 35% Oman 2% Bahrain 3% 6% Qatar Kuwait 12% GE value added solutions Play various roles from equipment supply to EPC contractor to

7 Desalination opportunity Gulf cooperation countries KSA 42% UAE 35% Oman 2% Bahrain 3% 6% Qatar Kuwait 12% GE value added solutions Play various roles from equipment supply to EPC contractor to equity investors Promote and develop hybrid technology for more efficient systems Develop fuel flexibility solutions 60% of the world s desalination opportunities are in the Middle East $30B water and power opportunities to King Abdullah Economic City Introduction US$26.7 billion project Key players The shareholders structure of EMAAR Economic City the $2.4 billion joint venture company: Identified business opportunity ($millions US) $400 W&PT $300 EMAAR Master developer $200 $100 Energy Dynamics by ,000 MW demand projected 1.3m cubic meter/day of water 500 thousand jobs 2MM population $ Assigned a leader with a team across the infrastructure Infrastructure proposal submitted 14

8 Fulfillment Middle East installed base Fleet 391-5&6 B technology 162-7EA s technology 78-9E s technology 12 - F technology 45 F s in coming two years Services coverage Orders ($millions US) 30% AAGR % AAGR Fulfillment teams 30+ contractual services team 30+ field engineers pool 10 commercial operation team 5 product service team From $9MM in 02 to $55MM CSA orders $500MM YTD CSA backlog 07-10F $1 B potential CSA backlog in coming two years 16

9 Localization GE Energy Middle East presence Jordan Lebanon Syria Iraq Kuwait Bahrain Local resources Operating since late 1930 s Over 600 employees Locals vs expats Saudi Arabia Yemen Qatar U.A.E. Oman Local capabilities 3 regional service shops MEELSA, MEPCO, GTS Technical training center Qatar Optimization and control customer application center Bahrain Rotating laboratory at Petroleum Institute, Abu Dhabi Regional offices: UAE, Saudi Arabia, Qatar, Oman, Kuwait 18

10 GE Energy in the Middle East Orders ($billions US) 21% AAGR % AAGR Big opportunities $30B spend in power and water to 2015 Multi infrastructure clusters Diversified industrial growth Well established More than 600 employees in the region 1.3 Growing installed base Local fulfillment capabilities F Well positioned for growth Growth strategy Strategic alliance Localized solutions 19 GE Energy Growth in the Middle East Steve Bolze President Power Generation Abdullah Taibah Region Executive, ME

GE Energy. Global Energy Update. John Krenicki President & CEO

GE Energy. Global Energy Update. John Krenicki President & CEO GE Energy Global Energy Update John Krenicki President & CEO 2007 2030 Global demand is growing Russia s power shortage threatens growth Power outage hits Kuwait City New US demand record everywhere 4