General Electric In The Guinness Book Of World Records -- June 21, 2016

It's speaks volumes when the French beat "us" at our own game. LOL. Whatever. General Electric is in the Guinness Book of World Records. Zacks is reporting:

Industrial goods manufacturer General Electric Company GE recently inaugurated the world’s most efficient combined-cycle power plant in Bouchain, France, inking its name in the Guinness Book of World Records for achieving an efficiency rate of up to 62.22%.

The HA turbine power plant was put into operation in association with Électricité de France (EDF), one of the largest utility companies in the world.

Indigenous technology from General Electric enables the turbine plant to reach full power in less than 30 minutes. This saves energy by allowing partners to respond quickly to fluctuations in grid demand, integrate renewable energy onto the grid and adapt quickly to weather changes. Consequently, the plant helps to conserve natural gas and reduce greenhouse gases, allowing France to meet Europe’s climate and energy guidelines.

The plant will have a power generating capacity of 605 MW, which is equivalent to providing power supply to over 680,000 homes. The power plant is also equipped with General Electric’s digital capabilities that use real-time data to deliver better plant outcomes with stable and efficient operations, while providing valuable predictive insights for higher reliability and optimization.

I was unable to find cost of this power plant. But from an earlier post:

December 8, 2015: here's another example of the cost of new natural gas projects. Seeking Alpha is reporting on the Caithness Moxie Freedom power plant in Luzerne County, PA, the first plant using GEs high efficiency 7HA.02 gas turbines to be project financed.

The 1,029 megawatt (MW) plant will be able to generate the equivalent power needed to supply approximately one million US homes.  

GE Energy Financial Services and its co-leads arranged $592 million senior secured credit facilities to support the Caithness Moxie Freedom Projects construction and operation, with eight other banks in the syndicate. 

I don't know if this is the total cost of the project, but if so, $592 million / 1,029 MW = $575,315 / MW.

From an earlier post:  

Dispatchable generation refers to sources of electricity that can be dispatched at the request of power grid operators or of the plant owner; that is, generating plants that can be turned on or off, or can adjust their power output accordingly to an order.

From an earlier post:

GEs HA gas turbines are the worlds largest and most efficient at more than 61% combined cycle efficiency, and lead the industry in total life-cycle value. HA technology provides cleaner, reliable and cost-effective conversion of fuel to electricity.

Unrelated, but continuing the "India Theme," GE says it will grow GE Power India 50% in 2016: India has become a real microcosm for everything going on in the global power sector. -- CEO.