MHI, in a consortium with Downer Engineering Power Limited of New Zealand, has received a full-turnkey order from Genesis Power Limited, an electric company in that country, to build a 400 MW gas turbine combined-cycle (GTCC) power plant at the company's Huntly Power Station. Downer Engineering Power is a subsidiary of Downer EDI Limited, a leading engineering, infrastructure and resource services company based in Australia. The deal marks the first GTCC order won by MHI from New Zealand. In addition to plant construction, MHI also signed a long-term service agreement under which it will undertake maintenance and repair work during a specified period of time after the plant goes on-stream. The contract will bring benefit to the customer by enabling long-term, stable, power generation. The newly ordered natural gas GTCC plant, targeted for start-up by the end of 2006, will consist of one M701F gas turbine, one heat recovery steam generator (HRSG), one steam turbine and one generator. The gas turbine will be manufactured at MHI's Takasago Machinery Works and the steam turbine at its Nagasaki Shipyard and Machinery Works; the generator will be made by Mitsubishi Electric Corporation. Downer Engineering Power will take charge of civil work, equipment installation, and manufacturing and procurement of the HRSG and other peripheral equipment. Mitsubishi Corporation, a trading company, will also participate in the project. The Huntly Power Station, New Zealand's largest thermal power plant, is located approximately 100 km south of Auckland, the country's largest city. The station already has four power units in operation, each generating 250 MW (total capacity: 1,000 MW). All units are capable of burning coal, natural gas, or a combination of the two. The new GTCC plant will be built next to the existing facilities. The electricity generated will be supplied to Auckland, the center of New Zealand's industrial operations to support the area's robust economic activities. To date, MHI has delivered three geothermal power plants and one coal-fired power plant to New Zealand, with total power output of 360 MW. On the strength of the new order, MHI will further increase its GTCC power plant marketing activity in the country. |