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| September 14, 2004 No.1015 | ||
| MHI Wins Order for Two Geothermal Power Plants For Power Provider in Iceland |
| Tokyo, September 14, 2004 - Mitsubishi Heavy Industries, Ltd. (MHI), in a consortium with Balcke Dürr GmbH, a German engineering company, has received a turnkey order from Reykjavik Energy, a city-owned utility in Iceland, to build two 40 MW (megawatt) geothermal power plants at Hellisheidi, approximately 20 kilometers east of Reykjavik. The order marks the eighth geothermal power plant consigned to MHI by the power provider. |
A turnkey contract covers all equipment supply and installation. The plant is turned over to the client ready for operation at the turn of a key. The two power plants will each consist of a 40 MW steam turbine, generator, condenser and cooling tower. The first unit is targeted for start-up in September 2006, with the second unit to follow in October. The steam turbines will be manufactured at MHI's Nagasaki Shipyard and Machinery Works; generators will be made by Mitsubishi Electric Corporation. Balcke-Dür will fabricate the condensers and cooling towers. The electricity generated will be supplied mainly to local aluminum refineries. Previously, MHI had received orders for six geothermal power plants (total capacity 180 MW) from Reykjavik Energy since its first order for the Krafla power station that was delivered in 1978. The team was awarded the new order as a result of the power provider's recognition of the reliability and safety of those earlier deliveries. Iceland, known as the "Land of Fire and Ice," is located where the Eurasian and North American plates meet. A country of numerous volcanoes, Iceland is well suited to use of geothermal energy. Because of abundant water supply, however, the country relies on hydroelectric generation to meet approximately 90% of its power demand, but the remainder depends chiefly on geothermal power. Very few plants use fossil fuels such as coal or oil as their energy source. In this way, Iceland obtains almost its entire power supply from clean energy resources. Geothermal power generation utilizes geothermal fluid, a mixture of high-temperature water or steam (over 250°C, or 482°F), extracted from deep underground reservoirs through production wells. The steam extracted from the fluid is used to rotate a steam turbine. As geothermal power generation involves no fuel combustion and does not emit CO2, it contributes to environmental preservation. MHI has vast experience in geothermal power systems, in addition to plants relying on other natural energy sources such as wind power, hydropower and solar energy. Outside Japan, to date MHI has delivered geothermal power plants to 11 countries worldwide, including Iceland, the United States, Mexico, the Philippines, Indonesia, New Zealand, Costa Rica, El Salvador and Kenya. Their collective power output exceeds 2,000 MW. On the strength of these proven achievements and expertise in this area, MHI will now further strengthen its global marketing activities for geothermal power plants as a clean energy resource. # # #
About Mitsubishi Heavy Industries Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one of the world's leading global heavy machinery manufacturers, with consolidated sales of 2,593 billion yen (US$21.6 billion) in fiscal 2002 (year ended March 31, 2003). MHI's diverse lineup of products and services encompasses shipbuilding, steel structures, power plants, chemical plants, steel plants, environmental equipment, industrial and general machinery, aircraft, space rocketry and air-conditioning systems. For more information, please visit the MHI website (http://www.mhi.co.jp). PRESS CONTACT: Hideo Ikuno: h.ikuno@daiya-pr.co.jp Tel: +813-6716-5277, Fax: +813-6716-5929 Daiya PR (in charge of public relations for Mitsubishi Heavy Industries, Ltd.) |
