EANS-Adhoc: ANDRITZ to supply major equipment for Belo Monte hydropower plant
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Company Information
14.02.2011
Graz, February 14, 2011. International technology Group ANDRITZ has received an order from Norte Energia, Brazil, to supply - as part of a consortium composed of Alstom (consortium leader), ANDRITZ, and Voith - three Francis turbines and generators, as well as 14 excitation systems for the main power house, as well as six bulb turbines and six generators, all auxiliary equipment and other hydro-mechanical equipment for the Pimental power house of the Belo Monte project. The order value for ANDRITZ is approximately 330 MEUR.
With a planned capacity of 11,230 MW, Belo Monte will be the third largest hydropower plant in the world. First electricity generation is expected to start in 2014, completion of the project is scheduled for 2019. Belo Monte hydropower plant is an important project for the Brazilian government targeting to secure and support the fast growth of the Brazilian economy and of its population. At full operation, Belo Monte will supply electricity for approximately 35 million people.
With this order, ANDRITZ HYDRO once again confirms its strong competitive position in Brazil, which is one of the fastest growing hydropower markets in the world - more than 80% of its electricity production comes from hydropower. ANDRITZ already successfully delivered major hydropower equipment for the Brazilian hydropower plants in Tucurui, Serra da Mesa, and Capim Branco and is presently executing the Jirau and San Antonio hydropower projects.
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The ANDRITZ GROUP The ANDRITZ GROUP is a global market leader for supply of systems and services to the hydropower, pulp and paper, metals, and other specialized industries (solid/liquid separation, feed and biofuel). The Group is headquartered in Graz, Austria, and has a staff of approximately 14,300 employees worldwide. ANDRITZ operates over 120 production sites, service and sales companies all around the world.
end of announcement euro adhoc
Contact:
Dr. Michael Buchbauer
Head of Group Treasury, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com
Branche: Machine Manufacturing
ISIN: AT0000730007
WKN: 632305
Index: WBI, ATX Prime, ATX
Börsen: Wien / official market