MILAN, ITALY - June 4, 2008 : – Expanding the presence of its large combined-cycle technology in Spain, GE Energy will supply a turnkey power station to Endesa Generación, S.A. that will add 840 megawatts of capacity to the country's electricity grid. This output will be largely used by Barcelona, the ca pital of Catalonia and the city that leads Spain in electricity consumption.

Located in Sant Adriá del Besós, province of Barcelona, Spain, the new Besós 5 power station will be based on one GE 209FB combined-cycle system and is scheduled to enter commercial operation in the first quarter of 2010.

Featuring high efficiency and low emissions to meet the stringent environmental conditions in the area, the new Besós 5 combined-cycle plant will operate on natural gas and will replace the old Besós 1 and Besós 2 conventional liquid fuel-fired power plants currently being dismantled. This will lead to a reduction of CO2, as part of Endesa's environmental plan for the region.

"With this contract, Endesa will acquire its third and fourth 9FB gas turbines from GE an d its 14th and 15th F-technology machines, demonstrating the company's faith in this technology," said Ricardo Cordoba, GE Energy's president for Western Europe and North Africa. "The Frame 9FB is among the world's most advanced, air-cooled 50-hertz gas turbines and is the latest evolutionary step in GE's F technology, which has surpassed 20 million hours of commercial service."

The GE STAG 209FB multi-shaft combined-cycle system will include two Frame 9FB gas turbines, three 330H generators, one 209D steam turbine, two heat recovery steam generators and an integrated control system. The scope of GE's contract also includes engineering, balance-of-plant equipment, site civil work, equipment installation, erection, commissioning and training activities.

About Endesa

Endesa (www.endesa.es) is Spain's leading electric utility and also is the number one private-sector multinational electricity utility in Latin America. It is a major operator in the European Mediterranean region, particularly in Italy, and has a growing presence in the various natural gas market segments in Spain and Portugal, as well as in renewable energy.With 47,770 megawatts of installed power, Endesa operates in 12 countries and has over 23 million customers. Among Endesa's total of 9,700 megawatts of combined-cycle capacity installed worldwideas of March 2007, GE technology accounted for approximately 3,775 megawatts. In just the Iberian Peninsula, these figures are 3,780 and 2,055 megawatts respectiv ely. Including both simple and combined cycle, Endesa has nearly 7,000 megawatts of installed GE technology.

About GE Energy

GE Energy (www.ge.com/energy) is one of the world's leading suppliers of power generation and energy delivery technologies, with 2007 revenue of $22 billion. Based in Atlanta, Georgia, GE Energy works in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels. Numerous GE Energy products are certified under ecomagination, GE's corporate-wide initiative to aggressively bring to market new technologies that will help customers meet pres sing environmental challenges.

About GE Energy Europe

With more than 9,000 employees in Europe, GE has plants in France, Germany, Austria, Spain and Hungary. The European headquarters of GE Energy Europe are based in Belfort employing more than 1,800 employees. A center of excellence in its area, Belfort is the only producer of heavy duty gas turbines in France. The sites in Salzbergen, Germany and Noblejas, Spain are centers of excellence for new generation wind turbines, while one of the four GE Global Research Centers is based in Germany, near Munich. The Jenbacher plant in Austria is a leading manufacturer of gas-fueled reciprocating engines, packaged generator sets and cogeneration systems for power generation. In addition, there are several plants in numerous European countries producing spare elements and services, including Hungary, Italy and Great Britain. GE Energy Europe owns a University in Florence, Italy, training employees and one engineering center in Warsaw, Poland and also in Moscow, Russia.

About GE

GE is Imagination at Work-diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing and media content, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at http://www.ge.com.

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