GE Drivetrain Technologies and A-Power Energy Generation Systems Ltd. Sign Supply and Joint Venture Partnership Agreements

NEW YORK, March 5 /PRNewswire-Asia-FirstCall/ — GE Drivetrain
Technologies, a unit of GE Transportation, and A-Power Energy Generation
Systems Ltd. (Nasdaq: APWR) announced today that the companies have signed
agreements for GE Drivetrain Technologies to supply A-Power with 2.7 megawatt
(MW) wind turbine gearboxes and to establish a Joint Venture partnership for a
wind turbine gearbox manufacturing plant in China. The contracts follow the
signing of letters of intent in January of this year.

The agreements support China’s initiative to increase wind energy output
from one gigawatt in 2005 to 100 gigawatts by 2020 and are the basis for
additional future investments by GE Drivetrain Technologies in its local
supply chain and advanced wind turbine drive train products.

About GE Transportation

Established more than 100 years ago, GE Transportation, a unit of General
Electric Company (NYSE: GE), is a global technology leader and supplier to the
railroad, marine, drilling, mining and wind industries. GE provides freight
and passenger locomotives, railway signaling and communications systems,
information technology solutions, marine engines, motorized drive systems for
mining trucks and drills, high-quality replacement parts and value added
services. GE Transportation is headquartered in Erie, PA, and employs
approximately 10,000 employees worldwide. For more information visit
http://www.getransportation.com .

About A-Power

A-Power Energy Generation Systems Ltd. (“A-Power”), through its China-
based operating subsidiaries, is the largest provider of distributed power
generation systems in China, focusing on energy-efficient and environmentally
friendly projects of 25MW to 400MW. In 2008, A-Power entered the wind energy
market and has built China’s largest wind turbine manufacturing facility,
located in Shenyang, Liaoning Province, with technologies licensed from German
Fuhrlander AG and Denmark-based Norwin, and a total annual production capacity
of 1,125MW. A-Power also has strategic relationships with Tsinghua University
in Beijing and the China Academy of Sciences in Guangzhou to develop and
commercialize other renewable energy technologies. For more information,
please visit http://www.apowerenergy.com .

Safe Harbor

This press release may contain forward-looking statements. Any such
statement is made within the ‘safe harbor’ provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements
can be identified by terminology such as “will,” “expects,” “anticipates,”
“future,” “intends,” “plans,” “believes,” “estimates,” and other similar
statements. Statements that are not historical facts, including statements
relating to anticipated future earnings, margins, and other operating results,
future growth, construction plans and anticipated capacities, production
schedules and entry into expanded markets are forward-looking statements.
Such forward-looking statements, based upon the current beliefs and
expectations of our management, are subject to risks and uncertainties, which
could cause actual results to differ materially from the forward-looking
statements, including but not limited to, the risk that: the expected benefits
of supply and partnership agreements may not materialize to the extent
expected or at all; we expect to rely increasingly on our proprietary products
and systems and on technology developed by our licensors and partners, and if
we or our licensors or partners become involved in an intellectual property
dispute, we may be forced to spend considerable resources resolving such
dispute; a decrease in the rate of growth of China’s industry and economy may
lead to a decrease in our revenues because industrial companies in China are
our principal source of revenues; decreases in the price of oil and gas could
reduce demand for our wind turbine systems, as well as other relevant risks
detailed in our filings with the Securities and Exchange Commission, including
those set forth in our annual report filed on Form 20-F for the fiscal year
ended December 31, 2007. The information set forth herein should be read in
light of such risks. We assume no obligation to update the information
contained in this press release, except as required under applicable law.

    For more information, please contact:

    GE Transportation Media Contact:
     Chris Banocy
     Tel:   +1-814-875-2099 (office)
     Tel:   +1-814-431-9519 (cell)
     Email: chris.banocy@ge.com

    A-Power Energy Generation Systems Contact:
     John S. Lin
     Chief Strategy Officer
     Email: john@apowerenergy.com

     Valentine Ding / Dixon Chen
     Tel:   +1-646-284-9412 (office)
     Email: vding@hfgcg.com
     Email: dchen@hfgcg.com

SOURCE A-Power Energy Generation Systems Ltd.