NewswireToday - /newswire/ -
St. Petersburg, Russia, 2011/09/26 - The Russian utility RusHydro and the hydro power specialist Voith Hydro St. Pölten, have signed a contract for the modernization of Saratovskaya hydro power station. It became effective in September 2011 - VoithHydro.com. FSE: VO2A
• Modernization of Kaplan turbines with an increase in capacity from 60 to 68 MW per unit;
• Memorandum of Understanding for a joint venture with RusHydro.
This modernization represents one of the largest ever individual orders of Voith Hydro St. Pölten. With a runner diameter of 10.3 meters, the Kaplan turbines of the hydro power plant in the south-west of Russia are among the worldwide largest of their kind.
The Kaplan turbines will be modernized in different stages in close cooperation with a Russian partner. Voith Hydro St. Pölten’s order value amounts to 140 million Euro for the first five units.
Alongside the contract, both companies also signed a memorandum of understandig for the establishment of a joint manufacturing site in Russia.
The background for the intended joint venture is the potential of the Russian hydro power market. The commercially feasible hydro power capacity in Russia amounts to 852 TWh/year, of which just 17% have been developed to date. Apart from utilizing this potential, there is also a high demand for the rehabilitation of existing hydro power stations. About on fifth of the turbines currently being in service is more than 40 years old.
With an annual output of 72.5 TWh and an installed total capacity of 26 GW, RusHydro is Russia's largest supplier of energy generated from hydro power, and the second largest producer in the world. With its investment plans for the next two years, the energy company, in which the Russian state holds a majority stake, pursues two major goals: the application of the latest technologies for all modernization projects and improved safety in existing power plants, as well as the expansion of hydro power in general.
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 (voithhydro.com) 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 (voith.com) 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.