OTE0002 5 WB 0516 CNE0001 WI Mo, 29.Jun 2020
euroadhoc / euro adhoc / Company Information

EANS-News: ANDRITZ to supply complete electro-mechanical equipment for Kiru hydropower plant, India

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 - June 29, 2020. International technology group ANDRITZ received an order from the Indian utility company CHENAB VALLEY POWER PROJECTS (P) LTD. to supply the complete electro-mechanical equipment for the Kiru run-of-river hydropower plant (624 MW) located on the Chenab River in Kishtwar district, Jammu and Kashmir, India. The contract has an order value of more than 50 million euros.

The order comprises the supply, design, manufacturing, erection, testing and commissioning of four units (turbines and generators), auxiliary electrical and mechanical equipment as well as 400 kV GIS and 400 kV outdoor pothead yard equipment. The contract will be executed by ANDRITZ's Indian subsidiary with state-of-the-art manufacturing facilities in Mandideep (near Bhopal) and Prithla (near Faridabad).

The Kiru hydropower plant addresses the energy deficiency in the northern part of India. It will bring clean renewable energy to the rural area and also enable industrial development in the region.

By securing this prestigious contract, ANDRITZ has yet again confirmed its position as a leading player in the hydropower market in India.

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ANDRITZ GROUP
International technology group ANDRITZ offers a broad portfolio of innovative plants, equipment, systems and services for the pulp and paper industry, the hydropower sector, the metals processing and forming industry, pumps, solid/ liquid separation in the municipal and industrial sectors, as well as animal feed and biomass pelleting. The global product and service portfolio is rounded off with plants for power generation, recycling, the production of nonwovens and panelboard, as well as automation and digital solutions offered under the brand name of Metris. The publicly listed group today has around 28,400 employees and more than 280 locations in over 40 countries.

ANDRITZ HYDRO
ANDRITZ Hydro is one of the globally leading suppliers of electromechanical equipment and services for hydropower plants. With over 175 years of experience and an installed fleet of more than 430 GW output, the business area provides complete solutions for hydropower plants of all sizes as well as services for plant diagnosis, refurbishment, modernization and upgrade of existing hydropower assets. Pumps for irrigation, water supply and flood control as well as turbo generators are also part of this business area's portfolio.

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

Digital press kit: http://www.ots.at/pressemappe/2900/aom

Rückfragen & Kontakt:

Dr. Michael Buchbauer
Head of Corporate Communications
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
michael.buchbauer@andritz.com

***ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER***

OTE0002 2020-06-29/10:00