- 09.02.2010, 09:02:48
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- OTE0002
EANS-News: A-TEC Industries AG / AE&E Group lands EUR 60 million Australian contract
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Subtitle: Order for construction of turnkey biomass fired cogeneration plant
Wien (euro adhoc) - Vienna, 9 February 2010 - The AE&E Group, which makes up
the Plant Construction Division of A-TEC Industries AG (ISIN AT00000ATEC9), has
won an order from Australia´s second-largest sugar producer, Mackay Sugar
Limited to build a 40 MWe cogeneration plant in Queensland, Australia. The order
is worth a total of about EUR 60 million. The plant, located at the Racecourse
Sugar Mill in Mackay, north-east Queensland, will be fired with biomass derived
from sugar production. It is scheduled for commissioning in early 2013.
The state-of-the-art cogeneration plant will generate renewable energy and steam
from the combustion of bagasse - a waste product left after sugar cane has been
crushed. Additional bagasse will be supplied from other mills in the group, to
extend the period of operation beyond the crushing season, and any fuel
shortfall will be made up with coal. Surplus steam will be used to generate
electricity for sale via Australia´s renewable energy trading scheme, through a
national energy retailer.
The project will replace an outdated bagasse and coal fired boiler with a highly
efficient new unit. The order is for the design, supply and installation of a
cogeneration steam power plant; comprising a grate fired boiler, wet scrubber,
steam turbine generator, water cooled condenser, balance of plant, electrical
equipment, construction, commissioning and testing.
"Although the plant engineering market is currently suffering from a dearth of
investment finance, our comprehensive portfolio of products and services for the
thermal power generation and environmental systems markets is giving us an
excellent success rate with those projects that do go to tender. Following a
number of large contract wins in the fourth quarter of 2009, including an RDF
fired steam generator in Bollnäs, Sweden, and energy from waste plants in
Ivry-sur-Seine, near Paris and Vaasa, Finland, we have now landed our first
large order of the new financial year," said AE&E Group CEO Georg Gasteiger.
Further inquiry note:
Investor Relations
Gerald Wechselauer
Phone: +43 1 22760 - 130
Email: [email protected]
Press Office A-TEC Industries AG
Claudia Müller-Stralz
Pleon Publico Public Relations & Lobbying
Phone: +43-1-71786-107
E-Mail: [email protected]
end of announcement euro adhoc
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issuer: A-TEC Industries AG
Wächtergasse 1
A-1010 Wien
phone: +43 1 22760
FAX: +43 1 22760-160
mail: [email protected]
WWW: http://www.a-tecindustries.com
sector: Holding companies
ISIN: AT00000ATEC9
indexes: ATX Prime
stockmarkets: Regulated free trade: Wien
language: English
Digitale Pressemappe: http://www.ots.at/pressemappe/2170
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