EANS-Adhoc: ANDRITZ HYDRO to supply equipment for the world's first tidal lagoon
hydropower project in Swansea Bay, Wales
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10.02.2015
Graz, February 10, 2015. Following an international bidding process, Tidal
Lagoon Swansea Bay plc. has appointed the consortium by GE/ANDRITZ HYDRO as
preferred bidder for supply of the electromechanical equipment for the world's
first tidal lagoon hydropower project in Swansea Bay, Wales.
The advance works agreement has now been signed. The bidding volume for the
consortium is in the region of 400 million euros. The ANDRITZ HYDRO share
amounts to approximately 250 million euros (with a substantial creation of value
in the UK). The main order for supply of the electromechanical equipment is
scheduled to enter into force in the later course of 2015 upon fulfilment of all
requirements and procedures. Start of commercial operation is scheduled for
2019.
The tidal lagoon hydropower plant will be located in the Severn Estuary and will
have an installed capacity of 16 units with over 20 megawatts each. The Severn
Estuary has the second highest tidal range in the world, and in this estuary,
Swansea Bay benefits from an average tidal range of 8.5 meters during spring
tides. The plant will supply clean, renewable, and predictable power for over
155,000 homes and contribute significantly towards national carbon emission
reduction targets with over 236,000 tons of CO2 saved each year.
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Press release and photo available for download
Press release and photo are available for download at the ANDRITZ web site:
www.andritz.com/news. The photo may be published free of charge if the source is
stated: "Photo: Tidal Lagoon Swansea Bay".
The ANDRITZ GROUP
The ANDRITZ GROUP is a globally leading supplier of plants, equipment, and
services for hydropower stations, the pulp and paper industry, the metalworking
and steel industries, and solid/liquid separation in the municipal and
industrial sectors. The publicly listed, international technology Group is
headquartered in Graz, Austria, and has a staff of around 24,500 employees.
ANDRITZ operates over 250 production sites as well as service and sales
companies all around the world. The ANDRITZ GROUP ranks among the global market
leaders in all four of its business areas. One of the Group's overall strategic
goals is to strengthen and extend this position. At the same time, the company
aims to secure the continuation of profitable growth in the long-term.
ANDRITZ HYDRO
The business area supplies electromechanical equipment for hydropower stations.
With over 170 years of accumulated experience and more than 30,000 turbines
installed totaling approximately 420,000 megawatts of output, the business area
is one of the world's leading system suppliers, offering the complete product
portfolio, including turbines, generators, and additional equipment of all types
and sizes: "from water to wire" for small-scale and large hydropower stations up
to outputs of more than 800 megawatts per turbine unit. ANDRITZ HYDRO is also
well-positioned in the growing maintenance, refurbishment, and upgrade market
for existing hydropower plants. Pumps (for water transport, irrigation, and
applications for various industries) and turbo-generators for thermal power
stations are also part of the business area.
Further inquiry note:
Oliver Pokorny
Head of Corporate Communications
Tel.: +43 316 6902 1332
Fax: +43 316 6902 465
mailto:oliver.pokorny@andritz.com
end of announcement euro adhoc
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issuer: Andritz AG
Stattegger Straße 18
A-8045 Graz
phone: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415
mail: welcome@andritz.com
WWW: www.andritz.com
sector: Machine Manufacturing
ISIN: AT0000730007
indexes: WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien
language: English