From GE:

GE Announces Simba Corp. as Diesel Engine Distributor for Kenya

November 24, 2015

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• GE’s Agreement with Simba Corp. to Focus on Providing Reliable Energy to Kenya
• Agreement Marks GE’s Second Diesel Distributorship Agreement in Africa in 2015
• Energy Seen as Key Driver for Meeting Kenya’s Vision 2030 Goals

NAIROBI, KENYA—November 24, 2015—GE Power’s Distributed Power business (NYSE: GE) announced it has signed an agreement with Simba Corporation Limited (Simba Corp.) as a new authorized distributor and services provider for GE’s diesel engines. Simba Corp. is a leading industrial company in East Africa with diverse interests in the energy, automotive, fleet management, financial services, hospitality and real estate sectors. The agreement will focus on a number of key industrial sectors that require more reliable on-site power including manufacturing, mining, oil and gas production, industrial facilities, and large-scale real estate developments.

GE is rapidly expanding its natural gas and diesel engine technology offerings for global customers seeking more reliable energy at or near the point of use. In 2014, the company introduced its new 2.6-megawatt (MW) 616 diesel engine, joining with the proven 228 and 250 diesel engine product lines to create a diverse diesel engine portfolio for stationary power generation. These diesel product lines complement the company’s natural gas and specialty gas engines.

“Simba Corporation’s power division has been a player in the power sector for over 15 years. We are therefore excited to sign this agreement to become an authorized distributor for GE’s 616, 228 and 250 diesel engine product lines and expand our product offerings,” said Simba Corporation CEO Adil Popat. “Energy is the key driver to achieving Vision 2030, Kenya’s national blueprint that aims at having the country reach a newly industrialized status and achieve a higher quality of life by 2030.”

GE’s distributed power technologies are ideally suited to help countries in East Africa strengthen their energy security by enhancing the use of their domestic energy resources to reduce local power supply shortages. With a GDP growth averaging 5 percent, Kenya is faced with increased energy consumption and aims to increase generation capacity to a total of 5,000 MW by 2016 and 23,000 MW by 2030. GE’s diesel engines will be a suitable option for customers due to their high efficiency, improved fuel consumption and ease of installation. The diesel technology also has a stable power output and reliable efficiency in the most demanding ambient conditions and its installation is fast and simple.

“With our agreement with Simba Corporation, we are taking another important step forward in our strategy to expand the deployment of our Distributed Power technologies in Kenya and throughout Africa to boost the production of cleaner, more reliable energy and support the region’s goals to create more sustainable local economic growth,” said George Njenga, sub-Saharan Africa leader for GE's Distributed Power business. “The life cycle service support our diesel and natural gas engines receive is a crucial element of our commitment to our customers to achieve their business goals.”

Simba Corp. offers greater access to key industrial sectors in the country and has the financial resources to provide customers with needed energy solutions.

GE’s diesel engine distributorship agreement with Simba Corp. is the second diesel pact that GE has signed in Africa in 2015. In April 2015, GE announced it had signed an agreement with U.K.-based Clarke Energy to serve as GE’s first authorized distributor for diesel engine sales and services with responsibility for stationary power generation in Nigeria as well as Australia and India.

Since 2011, GE Africa’s sub-Saharan headquarters has been located in Nairobi. The headquarters is now home to more than 200 employees. GE is committed to supporting Kenya in realizing its Vision 2030 goals.

About Simba Corporation

Simba Corporation is a leading regional corporation with diversified interests in automotive and power distribution, services and solutions, as well as in real estate and hospitality. Founded in 1948 by the late Mr. Abdul Karim Popat as a modest used-car selling enterprise, the company is headquartered in Nairobi, Kenya and has grown to a large integrated multi-sector business group representing international brands and franchises such as Mitsubishi, FUSO, BMW, Mahindra, Renault, Geely, AVIS, SAME tractors, AKSA and GE generators. Simba's hospitality properties include the Olare Mara and Villa Rosa managed by world leading hoteliers, Kempinski and Acacia Premier Kisumu.

About GE’s Distributed Power Business

GE Power’s Distributed Power business is a leading provider of engines, power equipment and services focused on generating power at or near the point of use. Distributed Power offers a diverse product portfolio that includes highly efficient, fuel-flexible, industrial gas engines generating 100 kW to 10 MW of power for numerous industries globally. In addition, the business provides life cycle support for more than 35,000 gas engines worldwide to help you meet your business challenges and success metrics— anywhere and anytime. Backed by our authorized service providers in more than 170 countries, GE‘s global service network connects with you locally for rapid response to your service needs. GE’s Distributed Power business is headquartered in Jenbach, Austria.

About GE

GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com

About GE Power

GE Power is a world leader in power generation with deep domain expertise to help customers deliver electricity from a wide spectrum of fuel sources. We are transforming the electricity industry with the digital power plant, the world’s largest and most efficient gas turbine, full balance of plant, upgrade and service solutions as well as our data-leveraging software. Our innovative technologies and digital offerings help make power more affordable, reliable, accessible and sustainable.