October 11, 2008

Power Machines and Zhejiang to supply hydro power equipments

Interfax reported that Power Machines and its partner in China Zhejiang Fuchunjiang Hydropower Equipment have signed contracts to supply around EUR 28 million worth of equipment for the Shengsigou and Yinpan hydropower plants.

Power Machines will design, produce, test and supply four runners for 165MW hydro turbines for the Shengsigou project. The contract is worth around EUR 17 million. The Daduhe River Hydropower Development Corporation is the customer in the project.

Both contracts will be implemented as part of a strategic partnership agreement that Power Machines signed with Zhejiang Fuchunjiang Hydropower Equipment in April 2007.

Power Machines produces and supplies equipment for hydro, steam gas and nuclear power plants.