Andritz Hydro Signs $150 Million Equipment Contract for 170-Megawatt Pumped-Storage Hydropower Plant in Portugal

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Researched by Industrial Info Resources (Sugar Land, Texas)--Energias de Portugal (ELI:EDPAE) (Lisbon, Portugal) recently signed a $150 million contract with Andritz Hydro (Graz, Austria), a subsidiary of Andritz AG (WBAG:ANDR) (Graz), to supply and erect electromechanical equipment for the Baixo Sabor Hydropower Station in Torres de Moncorvo in northern Portugal. The 170-megawatt (MW) plant will be equipped with two 85-MW reversible pump turbines. The plant is planned to become operational by September 2013.

EDP also is developing other renewable projects in Portugal. The company is repowering two hydropower plants, the 240-MW Bemposta Hydropower Plant and the 180-MW Picote Hydropower Plant. Both projects have a total investment cost of $180 million and are expected to become operational in the third quarter of 2011. For more information, view related September 19, 2008, news article - EDP Repowering Two Hydroelectric Power Plants in Portugal.

EDP is devoted to the generation, supply and distribution of electricity in Portugal, Spain and Brazil. The company owns and operates 52 power stations in the Iberian Peninsula. In Portugal, the group generates 8,824 MW of power output, and owns and operates seven thermal power plants, two cogeneration power plants and 27 hydropower plants.

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