euro adhoc: VA Technologie AG
VA TECH HYDRO AND MAB ANLAGENBAU AUSTRIA WIN NEW CCPP PLANT FOR MUNICH (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
VA TECH HYDRO, one of the worlds leading suppliers of equipment and services for hydropower and combined cycle plants, has been awarded a EUR 185 Million contract to modernise the district heating system in Munich. VA TECH HYDRO is leader in the consortium with MAB Anlagenbau Austria.
The turnkey contract, received from Stadtwerke München (SWM) covers engineering, delivery, erection and commissioning of a 400 MW Combined Cycle District Heating Plant as a future extension and efficiency improvement of the existing plant capacity. The scope of the contract, VA TECH HYDROs first for this customer, includes two GE Frame 9E gas-turbine-generator sets, two heat recovery steam generators and one steam-turbine generator set as well as the district heaters and pumping station.
The two Frame 9E gas turbines, each with a power output of 126 MW, will be manufactured at GE Power System facilities in Belfort, France and each will be equipped with a Dual Fuel Dry Low NOx combustion system to limit NOx emissions and pumping stations. The two heat recovery steam generators, district heater´s and the balance of plant are covered by the consortium partner MAB Anlagenbau Austria. The Combined Cycle Power Plant design provides high energy availability as well as operation flexibility. Commissioning of the plant is scheduled for October 2004.
The new Combined Cycle Power Plant (CCPP) will be installed on the area of a former municipal waste-incineration plant and has to be connected and integrated into the existing power plant structures. The plant has been designed to supply district heating combined with optimised electricity output during winter season and electricity without district heating in the summer season combined with best fuel utilisation.
"Available space is very tight" said Helmuth Tschabuschnig, Member of the VA TECH HYDRO Managing Board "It requires special measures for equipment, engineering and erection and utilises our expertise in finding tailor made solutions for district heating plants. The contract confirms VA TECH HYDROs position as a leader in the competitive market of Combined Cycle Plants and is the forth plant built by VA TECH HYDRO in Germany in the last 5 years".
end of announcement euro adhoc 29.05.2002
Further inquiry note:
Wolfgang Schwaiger
Strategy, Communications and Investor Relations
phone: 43 732 6986-9222
fax: 43 732 6980-3416
wolfgang.schwaiger@vatech.at
Branche: Technology
ISIN: AT0000937453
WKN: 093745
Börsen: Bayerische Börse, Handelsüberwachung der Berliner
Wertpapierbörse, Wiener Börse AG