GE Vernova Awarded 9HA Gas Turbine Order For Zhoushan, China's Largest Archipelago
Portfolio Pulse from Charles Gross
GE Vernova's Gas Power business and Harbin Electric have announced that Chinese State Development & Investment Corp., Ltd. (SDIC) Jineng (Zhoushan) Gas Power Generation Co., Ltd., has ordered two GE 9HA.02 gas turbines for a new combined cycle power plant in the Zhoushan archipelago in Zhejiang Province, China. The plant is expected to deliver nearly 1.7 gigawatts (GW) of electricity and is scheduled to begin commercial operation by the end of 2025.
October 10, 2023 | 9:23 am
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GE Vernova, a business unit of General Electric, has secured an order for two gas turbines from SDIC Jineng for a new power plant in China. This could potentially boost GE's revenues and strengthen its position in the Chinese market.
The order for two gas turbines from SDIC Jineng represents a significant business win for GE Vernova and by extension, General Electric. This could potentially lead to increased revenues for GE and further establish its presence in the Chinese market, which could positively impact its stock price in the short term.
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