EANS-News: ANDRITZ to supply four 350-MW pump-turbine units to China

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
--------------------------------------------------------------------------------

Company Information

Graz - December 4, 2018. International technology Group ANDRITZ has received an
order from Shaanxi ZhenAn Pumped Storage Co. Ltd., a subsidiary of State Grid
Corporation of China (SGCC), for the supply of four 350-MW reversible pump-
turbines and motor-generators, together with auxiliary equipment for the ZhenAn
pumped storage hydropower plant located in Shaanxi province, China. ZhenAn, with
a total installed hydropower capacity of 1,400 MW, will be the first pumped
storage power station in northwest China. The contract value amounts to more
than 100 million euros.

The four 350-MW reversible pump-turbine units will operate with a water head of
440 m. The first unit will be commissioned by the end of March 2023, and all
units will be put into commercial operation by the end of December 2023. After
completion, ZhenAn will be used for peak regulation, frequency regulation, and
as synchronous condenser. In addition, it will serve as emergency standby
reserve and black-start capacity for the Shaanxi power grid.

ANDRITZ has a long history in pumped storage hydropower plants, starting with
supply of the generating units for the world's first commercial pumped storage
plant - Niederwartha in Germany in 1929, and has continued to provide
groundbreaking pumped storage technology ever since. Germany's largest pumped
storage plant, Goldisthal, was the first outside Japan to be equipped with
variable-speed units. One of the latest contracts includes supply of the first
variable-speed pump-turbines for the Fening II pumped storage plant in China.
Award of the contract for ZhenAn is further proof of ANDRITZ's strong position
in pump-turbine technology.

- End -

ANDRITZ GROUP
ANDRITZ is a globally leading supplier of plants, equipment, and services for
hydropower stations, the pulp and paper industry, the metal working and steel
industries, and for solid/liquid separation in the municipal and industrial
segments. Other important fields of business are animal feed and biomass
pelleting, as well as automation, where ANDRITZ offers a wide range of
innovative products and services in the IIoT (Industrial Internet of Things)
sector under the brand name of Metris. In addition, the international technology
Group is active in power generation (steam boiler plants, biomass power plants,
recovery boilers, and gasification plants) and environmental technology (flue
gas cleaning plants) and offers equipment for the production of nonwovens,
dissolving pulp, and panelboard, as well as recycling plants.

A passion for innovative technology, absolute customer focus, reliability, and
integrity are the central values to which ANDRITZ commits. The listed Group is
headquartered in Graz, Austria. With over 160 years of experience, 29,000
employees, and more than 280 locations in over 40 countries worldwide, ANDRITZ
is a reliable and competent partner and helps its customers to achieve their
corporate and sustainability goals.

ANDRITZ HYDRO
ANDRITZ Hydro is one of the leading global suppliers of electromechanical
equipment for hydropower plants. With over 175 years of accumulated experience
and more than 31,000 turbines installed, totaling approximately 430,000
megawatts output, the business area provides the complete range of products,
including turbines, generators, and additional equipment of all types and sizes
- "from water to wire" for small hydro applications to large hydropower plants
with outputs of more than 800 megawatts per turbine unit. ANDRITZ Hydro has a
leading position in the growing modernization, refurbishment, and upgrade market
for existing hydropower plants. Pumps (for water transport, irrigation of
agricultural land, and applications in various industries) and turbogenerators
for thermal power plants are also assigned to this business area.

Further inquiry note:
Dr. Michael Buchbauer
Head of Group Finance, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com

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

Original-Content von: Andritz AG, übermittelt durch news aktuell