EANS-News: ANDRITZ to supply pump turbines for the world?s largest pumped storage power station
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information Graz - Graz/Vienna, September 4, 2017. International technology group ANDRITZ has received a contract from the state-owned Chinese energy utility company Fengning Pump Storage Co. Ltd., State Grid Xinyuan Co. Ltd. to supply two variable speed pump turbines for the new Fengning pumped storage power plant in Hebei Province, China. The contract value amounts to just under 70 million euros, and completion of the project is scheduled for 2021. The ANDRITZ scope of supply includes two pump turbine motor generator units with variable speed and a nominal capacity of 330 MVA in generator mode and of 345 MVA in pump mode. Additionally, AC-excitation, governor, as well as protection and computer control systems will be supplied. The Fengning pumped storage plant will be the world's largest pumped storage power plant, equipped with 12 x 300 MW pump turbine units in one cavern. The two variable speed units will be supplied by ANDRITZ. For ANDRITZ, this order means a re-entry into the rapidly growing Chinese pumped storage market; it is also the first order to be awarded worldwide for supply of variable speed pump turbine units to China. - End - Press release available for download The press release is available for download at www.andritz.com/news [http:// www.andritz.com/news]. 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 as well as for animal feed and biomass pelleting. Other important business segments include automation and service business. In addition, the international Group is also active in the power generating sector (steam boiler plants, biomass boilers, recovery boilers, and gasification plants) and in environmental technology (flue gas cleaning plants) and offers equipment for the production of nonwovens, dissolving pulp, and panelboard as well as recycling plants. The publicly listed technology Group is headquartered in Graz, Austria, and has a staff of approximately 25,400 employees. ANDRITZ operates more than 250 sites in over 40 countries. ANDRITZ HYDRO ANDRITZ HYDRO is one of the leading global suppliers of electromechanical equipment for hydropower plants. With over 175 years of accumulated experience and more than 31,000 turbines installed, totaling approximately 430,000 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 out-puts of more than 800 megawatts per turbine unit. ANDRITZ HYDRO is 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 turbogenerators for thermal power plants are also allocated to the business area. Further inquiry note: Dr. Michael Buchbauer Head of Group Finance, Corporate Communications & Investor Relations Tel.: +43 316 6902 2979 Fax: +43 316 6902 465 mailto:michael.buchbauer@andritz.com end of announcement euro adhoc -------------------------------------------------------------------------------- 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 ISIN: AT0000730007 indexes: WBI, ATX stockmarkets: Wien language: English
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