EANS-News: ANDRITZ to supply electro-mechanical equipment and maintenance service for one of the world’s first co-located solar pumped storage plants in Australia CNE

4/29/2021, 8:15 AM (Source: euro adhoc)
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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 -

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 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.

Further inquiry note:
Dr. Michael Buchbauer
Head of Group Finance
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465

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

EAX0008    2021-04-29/08:15

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