Company Announcement to the Danish Financial Supervisory Authority No. 05-2010, 15 March 2010
FLSmidth has signed a contract worth 53m Euros (DKK 400m) with Indian National Thermal Power Corporation Limited (NTPC) for the engineering, supply and construction of a coal handling system for their power plant. The plant is located at Rihand, Utter Pradesh in Northern India.
The coal handling system is part of an expansion of the 2000 MW power plant.
The scope of the supply includes a complete coal handling system to convey coal from the ground hopper to the stock pile and thereafter to the boiler bunkers inside the plant. Major equipment included is track hoppers, plough feeders, wagon tipplers, coal crushers, bucket wheel stacker and reclaimers as well as a series of belt conveyor systems. The coal handling system can handle 1650 tonnes of coal per hour.
"The Indian government's ambition to ensure power to all parts of the nation will in the coming years generate several large power projects in the country. FLSmidth's existing competencies and recent acquisitions within material handling and now a contract with India's largest power producer gives us a perfect position for further business - especially within material handling and ash handling technologies," Group CEO Jørgen Huno Rasmussen comments.
The order will contribute beneficially to FLSmidth's earnings until completion in early 2013.
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Please address any questions regarding this announcement to Group Chief Executive Officer Jørgen Huno Rasmussen, FLSmidth & Co. A/S at +45 36 18 18 00.
For further information about FLSmidth, please visit www.flsmidth.com.
Yours faithfully
Pernille Friis Andersen
Corporate Communications & Investor Relations