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GE GRID SOLUTIONS WINS ORDER TO MODERNIZE 39 SUBSTATIONS IN NEPAL

 * The multi-million dollar contract was awarded to GE Renewable Energy’s Grid
   Solutions business by Nepal Electricity Authority and is funded by the Asian
   Development Bank
 * The project aims to strengthen Nepal’s power transmission network to meet
   current and future demands, improve reliability and quality of supply, and
   reduce power transmission losses in the country
 * The project scope includes construction of Master Control Centers (MCCs) to
   be monitored by GE Digital Solutions

Paris, FRANCE – February 08, 2023:  GE Renewable Energy’s Grid Solutions
business (NYSE:GE) announced today it has been awarded a multi-million dollar
contract from Nepal Electricity Authority (NEA) to automate 39 substations of
various ratings across Nepal, including construction of six Master Control
Centers (MCCs). The MCCs will be monitored by GE Digital Solutions. The project
is funded by Asian Development Bank (ADB).  The project scope also includes
retrofitting of relay panels and other electrical components in the substations.
After the substations are automated, GE will connect the substations to Nepal’s
National Load Dispatch Center (NLDC) to enable real-time monitoring of power
transmitting through these substations.

“Our objective is  to improve the reliability, efficiency, and financial
sustainability of the electricity supply in Nepal. Modernization of these
substations  will help strengthen Nepal’s power transmission network to meet
current and future demands, improve reliability and quality of supply, and
reduce losses. We are happy to award this contract to GE as part of this 
mission,” said Kul Man Ghising, Managing Director, NEA.

Johan Bindele, Grid Systems Integration Business Leader for GE Grid Solutions
said: “The grid today integrates energy from multiple directions and sources.
Intelligent controls are needed to ensure the smooth functioning of the grid and
to manage the increase in power capacity .The modernization of these substations
will significantly improve the quality of power transmission in Nepal.

Following years of chronic electricity shortages during Nepal's dry winter
months, the Nepal Electricity Authority (NEA) has significantly improved the
country’s power generation capacity in recent years. However, the transmission
system continues to need strengthening to ensure the smooth and uninterrupted
supply of power from generating locations to the load centers.  In 2016, the
Nepal’s government initiated plans to install an additional 10,000 MW of
generation capacity over the next 10 years and export the excess electricity to
neighboring countries. These plans demanded the immediate upgrade and expansion
of the country’s transmission systems.

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About GE’s Grid Solutions



Grid Solutions, a GE Renewable Energy business, serves customers globally with
over 13,000 employees. We provide power utilities and industries worldwide with
equipment, systems and services to bring power reliably and efficiently from the
point of generation to end power consumers. Grid Solutions is focused on
addressing the challenges of the energy transition by enabling the safe and
reliable connection of renewable and distributed energy resources to the grid.
We electrify the world with advanced grid technologies and accelerate the energy
transition.


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