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Voith Hydro, Technical Leader of Supplying Consortium for Belo Monte Signs 443 Million Euro Contract - Voith Hydro has signed a contract with the Brazil energy company Norte Energia to supply the planned hydro power project Belo Monte in the North of the country
Voith Hydro, Technical Leader of Supplying Consortium for Belo Monte Signs 443 Million Euro Contract

 

PRZOOM - /newswire/ - São Paulo, Brazil, 2011/03/18 - Voith Hydro has signed a contract with the Brazil energy company Norte Energia to supply the planned hydro power project Belo Monte in the North of the country. FSE: VO2A

   
 
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With the contract, Voith Hydro further develops its already strong position in the South American market.

Voith Hydro - as part of a consortium consisting of Alstom and Andritz - will be technical leader for the project and will supply four Francis turbine-generator sets, as well as all high voltage transformers. Moreover, Voith Hydro is to supply the entire Automation systems for the power plant. The contract’s order value for Voith Hydro amounts to around 443 million Euro.

In total, the planned Belo Monte power plant will have 18 turbine-generator sets, with a capacity of 611 megawatts each. Upon its expected completion in 2019, it will be the world’s third-largest hydro power plant, with a planned capacity of 11,230 MW.

The Belo Monte project belongs in the context of the highly ambitious development program of the Brazil government aiming to safeguard future energy supply for this fast-growing emerging country.

Hydro power is the biggest and oldest, and at the same time most reliable source of renewable energy generation. All over the world, hydro power makes an essential contribution to economic and social development in industrialized countries as well as fast-growing regions. Moreover, it contributes significantly to climate friendly energy generation. Since the beginnings of hydro power generation, Voith is a leading provider of hydro power technology and pushes its further advancement.

Voith Hydro is a Group Division of Voith and - with a workforce of currently almost 5,200 employees and a sales volume of almost 1.2 billion Euros in the business year 2009/2010 - belongs to the world-wide leading companies for hydro power equipment.

Voith sets standards in the markets energy, oil & gas, paper, raw materials and transportation & automotive. Founded in 1867, Voith employs almost 40,000 people, generates €5.2 billion in sales, operates in about 50 countries around the world and is today one of the biggest family-owned companies in Europe.

 
 
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Voith Hydro, Technical Leader of Supplying Consortium for Belo Monte Signs 443 Million Euro Contract

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Voith AG | Voith Hydro
Contact: Vesna Jerkovic - VoithHydro.com 
+49 73 21 37- 6866 Vesna.Jerkovic[.]voith.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Voith GmbH securities in any jurisdiction including any other companies listed or named in this release.

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