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 – April 29, 2021. International technology group ANDRITZ has received an order from the EPC contractors McConnell Dowell and John Holland to supply the electro-mechanical equipment for the 250-MW Kidston pumped storage plant in North Queensland, Australia. Kidston will not only be Australia’s first pumped storage plant for more than 40 years, but also one of the world’s first to be co-located with a solar plant. The owner and developer of Kidston is Genex Power. Commissioning of the plant is expected in 2024.

The ANDRITZ scope of supply comprises design, manufacturing, supply, transportation, erection, and commissioning of two 125-MW reversible pump turbine units as well as full operation and maintenance services for more than 10 years.

The pumped storage plant was developed in a unique location by utilizing two open pits from an abandoned gold mine. Once filled up with water, it will operate as a closed-loop system and generate, store and dispatch renewable energy on demand during peak periods, capable of supplying enough sustainable and clean electrical energy for more than 280,000 Australian households. Additionally, the plant can be operated in a synchronous condenser mode to provide grid services such as reactive power management and synchronous inertia.

This order not only confirms once again ANDRITZ’s strong position in the Australian hydropower market, but also for pumped storage technology, which plays an important role in providing grid stability to cope with volatile solar and wind power supplies. The combination of hydro equipment supplies with state-of-the-art asset management services is also strong proof of ANDRITZ’s well diversified product and service portfolio for all applications and demands in the hydropower business.

– End –

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 26,950 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 180 years of experience and an installed fleet of more than 470 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 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 Group Finance
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
michael.buchbauer@andritz.com



Quelle

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER
INHALTLICHER VERANTWORTUNG DES AUSSENDERS. www.ots.at

(C) Copyright APA-OTS Originaltext-Service GmbH und der jeweilige Aussender.