1. POWERING VIETNAM CONFERENCE 2017
April 27, 2017 | Hanoi – Vietnam
Global Power Market Dynamics
Andres Isaza | GE Renewable Energy

2. Note: partial coverage of smaller sizes of GT,ST and Hydro – excludes recip. engines
“Triple” wave driven by:
Investment in emerging countries + replacement of old units + renewables
Sources: GE Power Marketing, Platts, McCoy Power Reports, BNEF, IHS, MAKE
Past 50 years of power plant orders
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3. Renewables Growth Distributed & Disruptive Tech
Increased Gas AvailabilityGrowth in Emerging Countries
Customers need Reliable, Affordable, Accessible, Sustainable Power
Mega Trend Driving Growth
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4. Electricity generation and new power plants orders
Source: GE Power Marketing Forecast MACA 2017 | Notes: 1. PG oil recip. are not included. | 2. TWh excludes oil recip and battery generation | 3. Efficiency gain results from electricity intensity reduction
Fundamentals remain strong … most generation growth comes from gas and renewables
4
10 Year Outlook
Continuous order need (GW)
• Peak demand growth and
retirements drive orders
• Renewables supported by
environmental policies, but also
increasingly by reductions in LCoE
• Gas has overtaken coal in new orders
• Financing access remains key driver
Generation mix 2026 (TWh)
• Demand is increasing driven
by GDP; Gas is gaining share
but coal remains #1
• Increasing intermittent renewables
is reducing thermal utilization
• EVs become a serious driver
of generation beyond 20265
0 0 0 0
7
9
0 0 0 0
10
1
0 0 0 0
1
3
3
4
5
1
2
1
~24 k TWh
~31 TWh
Generation ’26eGeneration ’16e Avg. GW/y orders ’17-26
Efficiency gain
3%
23%
12%
4%
9%
19%
2%
26%
2%
~300 GW/y
Wind
Fossil
Steam
Hydro
Nuclear
GT plants
Other Ren
Gas Engines
PV
Ren 30%
CAGR %
~9.5%
~1.7%
~2.0%
~0.8%
~3.0%Gas
Coal
Oil
Hydro
Wind
Other Ren
Solar
Battery
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5. Renewables are mainstream power generation
Source: GE, BNEF, IEA
5
Cost of renewables without subsidies near parity with fossil fuel
Legend:
LCOE parity in 2016
LCOE parity by 2025
3%
23%
12%
4%
9%
19%
2%
26%
2%
Renewables and
Gas lead growth
Renewables 56%
of new global capacity
over next 10 years
Wind
Fossil
Steam
Nuclear
Other Ren
Gas Engines
Solar
Battery
GT Plants
Hydro
~300 GW/year
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6. © 2017 General Electric Company. Proprietary. All Rights Reserved.
… and contributing for a zero-emission environment
6
Global CO2 emissions fall
to less than 9 Gt in 2050,
with all regions
contributing
The power sector
accounts for around half
of the emissions savings
by 2050
Source: OECD/IEA and IRENA 2017

7. Renewable Dynamics in Vietnam
7
Further utilization of Hydro
• PDP 7 target: 17GW (existing) to 25GW by 2025 & 28GW by 2030 including small Hydro and PSP
• >300 small hydro units (2015 ~ 2021)
• Aged Hydro assets…Needs for reliable & centralized control and increased O&M efficiency
GE is ready to support Vietnam’s renewable growth
Growing Wind projects
• >70 projects by Provincial & Central Government, ~5.5GW potentials
• PDP 7 target: 2GW by 2025 & 6GW by 2030
Funding access remains a challenge
• PPA bankability in terms of risk mitigation and allocation
• Wind PPA rate US7.8c…not possible without finance support
© 2017 General Electric Company. Proprietary. All Rights Reserved.

8. THANK YOU
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