EANS-News: ANDRITZ to equip two hydropower stations in East Asia
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information Graz/Vienna, December 18, 2015. ANDRITZ HYDRO, part of international technology Group ANDRITZ, has received contracts from Vietnam and South Korea to supply electromechanical equipment for hydropower stations with a total value of around 65 million euros. VNECO Hoi Xuan Investment and Electricity Construction, Vietnam, has awarded ANDRITZ HYDRO an order for the supply of three bulb turbines and generators as well as additional equipment for the new Hoi Xuan hydropower station. Commissioning of the plant is scheduled for the beginning of 2018. It will supply more than 425 gigawatt hours of renewable energy every year for Vietnamese households and the local industry. Korea Water Resources has awarded ANDRITZ HYDRO the refurbishment of the Andong hydropower station in South Korea. Two diagonal turbine generator sets each with an output of 46.3 megawatts are to be modernized by the middle of 2019. Korea Water Resources supplies one quarter of South Korea's renewable energy and also operates the world's largest tidal power plant, located in Sihwa and equipped by ANDRITZ HYDRO. - End - The ANDRITZ GROUP ANDRITZ is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metalworking and steel industries, and for solid/liquid separation in the municipal and industrial sectors. The publicly listed technology Group is headquartered in Graz, Austria, and has a staff of almost 25,000 employees worldwide. ANDRITZ operates over 250 sites worldwide. ANDRITZ HYDRO ANDRITZ HYDRO is one of the leading global suppliers of electromechanical equipment for hydropower plants. With over 170 years of accumulated experience and more than 30,000 turbines installed, totaling about 420,000 megawatts output, the business area provides the complete range of products, including turbines, generators, and additional equipment of all types and sizes - "from water to wire" for small hydro applications to large hydropower plants with outputs of more than 800 megawatts per turbine unit. ANDRITZ HYDRO is also well positioned in the growing modernization, refurbishment, and upgrade market for existing hydropower plants. Pumps (for water transport, irrigation of agricultural land, and applications in various industries) and turbo-generators for thermal power plants are also allocated to the business area. Further inquiry note: 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 end of announcement euro adhoc -------------------------------------------------------------------------------- company: 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
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