HATAY, TURKEY – December 17, 2010 – Akenerji Elektrik Üretim A.S. has selected GE and GAMA Power Systems consortium for a combined cycle power plant in Hatay-Erzin, Turkey. This follows two large combined cycle power plants in Ireland and Russia that the consortium recently put into operation. The EPC bid of GAMA Power Systems and GE consortium with fixed price and delivery time was selected for a 900 MW new capacity of Hatay-Erzin natural gas combined cycle power plant.

A contract was signed with Akenerji Elektrik Üretim A.S., one of the leading energy investors in Turkey, on December 15, 2010 for the turnkey project. The plant site is planned to start operation in 2014.

To date the consortium has participated in the construction of power plants capable of generating approximately 2,000 MW of power and has experience in building power plants on the basis of EPC construction worldwide.

The Hatay-Erzin power plant will be capable of generating highly flexible and efficient electric power with the use of advanced technology. The plant will be equipped with an advanced combustion system to help maintain compliance with environmental emissions criteria as applicable to European standards.

Under this arrangement, GE will be responsible for procurement of the equipment in the main power island and GAMA Power Systems will be in charge of engineering, construction and installation of the power plant, as well as supplying the equipment outside of the main power island and other services.