EQS-News: ANDRITZ to supply equipment for major pumped storage project in Greece

EQS-News: Andritz AG / Key word(s): Incoming Orders
   ANDRITZ to supply equipment for major pumped storage project in Greece

   23.01.2024 / 08:00 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   GRAZ/VIENNA, JANUARY 23, 2024. The Greek company TERNA S.A., construction
   branch of GEKTERNA Group, awarded the international technology group
   ANDRITZ a contract for the supply of electromechanical equipment for the
   new Amfilochia Pumped Storage Complex in the Central Greece region. It is
   the largest grid energy storage investment in Greece and a milestone
   project for the country’s clean energy transition.

   Once in commercial operation, the power plant will have a total installed
   capacity of 680 MW (generation) and 730 MW (pumping) with an estimated
   total production of approximately 816 GWh of clean and sustainable
   electrical energy per year.

   The advanced pumped storage plant will act as a green battery by balancing
   fluctuations in power generation from wind and solar plants, thus ensuring
   the secure and stable operation of the Greek power grid.

   Given the global increase in energy demand and the growing share of
   volatile renewable energy sources, economical solutions for storing large
   amounts of energy are essential. Pumped storage power plants represent the
   most efficient method of storing large amounts of energy for extended
   periods of time. They therefore play a key role in the clean energy
   transition.

   ANDRITZ is proud to be part of this important project and to make a
   significant contribution to a clean and sustainable energy future through
   state-of-the-art equipment and expertise.

   The ANDRITZ scope of supply includes the design, manufacture, supervision
   of erection, and commissioning of six reversible pump-turbine generator
   units, along with associated auxiliaries and ancillary equipment,
   governors, excitation and protection system, main inlet valves, draft tube
   gates as well as digital services.

   – End –

   PRESS RELEASE AND PHOTO AVAILABLE FOR DOWNLOAD
   Press release and photo are available for download at [1]andritz.com/news.
   The photo may be published free of charge if the source is stated:
   “Copyright: TERNA ENERGY S.A.”.

   FOR FURTHER INFORMATION, PLEASE CONTACT

   ANDRITZ GROUP
   Susan Trast
   Vice President Group Communications and Marketing
   [2]susan.trast@andritz.com
   [3]andritz.com

   ANDRITZ HYDROPOWER
   DI Alexander Schwab
   Senior Vice President Market Management & Corporate Communications
   [4]alexander.schwab@andritz.com
   [5]andritz.com

   ANDRITZ GROUP
   International technology group ANDRITZ offers a broad portfolio of
   innovative plants, equipment, systems, services and digital solutions for
   a wide range of industries and end markets. Sustainability is an integral
   part of the company’s business strategy and corporate culture. With its
   extensive portfolio of sustainable products and solutions, ANDRITZ aims to
   make the greatest possible contribution to a sustainable future and help
   its customers achieve their sustainability goals. ANDRITZ is a global
   market leader in all four of its business areas – Pulp & Paper, Metals,
   Hydropower and Environment & Energy. Technological leadership and global
   presence are cornerstones of the group’s strategy, which is focused on
   long-term profitable growth. The publicly listed group has around 30,000
   employees and over 280 locations in more than 80 countries.

   ANDRITZ HYDROPOWER
   ANDRITZ Hydropower is one of the world's leading suppliers of
   electromechanical equipment and services for hydropower stations in the
   dynamically growing global renewable energy market. Based on 180 years of
   experience and a global installed capacity of 470 gigawatts, we offer
   innovative solutions for new and existing hydropower stations, from small
   to large-scale hydropower plants. State-of-the-art digital solutions,
   comprehensive services for the operation and maintenance of entire
   hydropower plants, and turbo generators for the thermal industry complete
   the portfolio.

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   23.01.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

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   Language:    English
   Company:     Andritz AG
                Stattegger Straße 18
                8045 Graz
                Austria
   Phone:       +43 (0)316 6902-0
   Fax:         +43 (0)316 6902-415
   E-mail:      welcome@andritz.com
   Internet:    www.andritz.com
   ISIN:        AT0000730007
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1820327


    
   End of News EQS News Service


   1820327  23.01.2024 CET/CEST

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