GE, joint venture to provide generation for Ichthys LNG Project in Australia

Sydney, Australia, April 30, 2012 — A joint venture of CH2M HILL and UGL Limited won a $550 million contract from JKC Australia LNG (itself a joint venture between JGC Corp., KBR and Chiyoda Corp.) to build a combined cycle power plant for the Ichthys liquefied natural gas project in the Northern Territory of Australia

As part of the agreement, GE will engineer and supply gas turbines, steam turbines and heat recovery steam generators for the $34 billion Ichthys project. The CH2M HILL-UGL joint venture will design and supply the balance of plant based around the GE technology as well as undertake the complete construction of the project.

GE's gas and steam turbine technology will efficiently and reliably generate electricity for the onshore facility based at Blaydin Point, Darwin, enabling it to produce more than 8 million tons of LNG each year. The onshore facility will be linked to the offshore drilling and processing facilities in the Browse Basin off Western Australia by an 885-kilometer undersea pipeline.

This milestone project follows on from the successful installation of the Tamar Valley Combined Cycle Power Plant by UGL in 2009 and the Darling Downs Combined Cycle Power Plant completed by GE and CH2M HILL in 2010.

GE will supply five GE Frame 6B gas turbines and three SC4 single-flow steam turbines that will provide 500 MW of installed power capacity for the facility. Design, procurement and fabrication for the combined cycle power plant works are expected to commence immediately, with an on-site commencement in mid-2013 and completion expected by the end of 2016.

In January 2012, GE Oil & Gas announced it had received contracts totaling nearly $1 billion to supply a wide range of rotating equipment and subsea production systems for the Ichthys LNG project.

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