KUALA LUMPUR (Sep 11): General Electric Power & Water, a division of General Electric Co, aims to secure up to at least 50% of power projects in Malaysia, according to its President Ramesh Singaram.

Singaram made the announcement at the Power-Gen Asia annual trade conference, following the unveiling of its new 9EMax gas turbine.

“We’re currently pursuing the projects. We targeting at least 50% of the market,” said Singaram. “As an original equipment manufacturer (OEM), we want to target as much as we can,” he said.

Ramesh estimates that the power requirements for Malaysia would be around 4–5 gigawatts (GW).

“We are in a strong position to win in this market,” he said.

Ramesh described his target as “modest”, as he was confident the 9EMax gas turbine would be able to win in this market.

“The 9EMax can play a significant role in providing additional power to key areas of our region, while giving our customers the ability to lower their operational costs in an environment of higher fuel prices,” Ramesh added.

Based on a press release provided by GE, the 9EMax gas turbine would be able to deliver up to 143 megawatts (MW) of power and up to 37%efficiency.

This performance boost can open up as much as US$6 million (RM19.21 million) in new annual revenue opportunities per unit upgrade, and as much as US$5 million (RM16.01 million) in annual fuel savings.