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FW to supply SCR system
June 2004
Pump Industry Analyst
Pump Company
MARKET PROSPECTS
Index ABS 1 Alfa Laval 10,12,13,15 Allweiler 10 American Machine & Tool 5 Ampco-Pittsburgh 15 Andritz 13 Baker Hughes 15 Bell & Gossett 14 BOC Edwards 14 Cardo 1,13 Cardo Pump 1 Colfax Corp 16 Colfax Pump Group 10 Crane 10,12,15 Crown 11 Davey Products 11,12 Dean Pump 10 DMW 15 Dover 15 Ebara 15 Europump 10,11 Flo-Pak 5 Flowserve 7,15 Flygt 11 Fybroc 10 Gardner Denver 15 Godwin Pumps 16 Gorman-Rupp 5,15 Goulds Pumps 11 Graco 15 Grundfos 12,13,16 GUD Holdings 13,15 Hydraulic Institute 11,13 Idex 12,15 Ingersoll-Rand 15 ITT Industries 10,12,13,15 ITT Jabsco 10 Johnson Pump 7,13,15 Johnston 11 Kirloskar Brothers 10,12 KSB 10,12,13,15 Layne Christensen 15 Lowara 10 Mather & Platt 11 Met-Pro 8,10,11,15 Metso 13,14 Milton Roy 10 Moyno 10 National-Oilwell 15,14 Netzsch 16 Nikkiso 15 Parker Hannifin 12 Patterson Pump 5,12 Pentair 12,15 Pfeiffer Vacuum 13 Precision Castparts 15 Pumpex 1,14 Pursuit Dynamics 10 Rietschle Thomas 6 Robbins & Myers 10,15 Roper Industries 8,15 Roper Pump 12 Schlumberger 15 Spa-Quip 11 Spirax-Sarco 15 SPX 12,15 Sulzer 13,15 Techno Takatsuki 14 Tecumseh 9,12,15 Teikoku Electric 15 Textron 15 Thomas Industries 6,15,16 Thompson Pump 13 Thompsons, Kelly & Lewis 7 Torishima 15 Tsurumi 15 United Technologies 15 USFilter 1 Veolia Environnement 1 Weir 13,15 Wisconsin Energy 15 Wood Group 13 WorldWater 9,10,15,16
2
POWER GENERATION ABB STRENGTHENS SUDAN’S POWER GRID Power and automation technology group ABB has signed a contract worth US$16 million for a power transmission project which will strengthen Sudan’s power grid. The company won the order from the main contractor Harbin Power Engineering Co Ltd of China. The Ministry of Irrigation and Water Resources Merowe Dam Project Implementation Unit of Sudan initiated the project. The Merowe hydroelectric power station, located about 400 km north of Khartoum, is connected to the national grid by 500kV, 220kV and 110kV overhead lines and associated sub-stations. ABB is responsible for designing, supplying and commissioning the complete secondary electrical system, on a turnkey basis, for seven new sub-stations.
EIB LENDS 80MN TO ESTI ENERGIA The European Investment Bank (EIB) is providing a 80 million loan to finance the renovation and extension of electricity transmission and distribution facilities in Estonia, which will be undertaken by Eesti Energia AS over the next three years. The investment will, among others, help to reduce operational and maintenance costs, accommodate the expected growth in electricity demand within the residential sector and, in an international context, support the company’s strategic objective of increasing
its presence in the electricity markets in neighbouring countries. Sandor Liive, member of the board and chief financial officer of Eesti Energia, says that the loan will help it to secure the sustainability of investments in national grid and distribution network.
VA TECH WINS JORDANIAN CONTRACT VA TECH Transmission & Distribution, the Austrian supplier of high voltage transmission and distribution systems, has been awarded a new contract valued at 23 million by the National Electric Power Co (NEPCO) of Jordan. The company will supply and install a 400kV gas insulated switchgear (GIS) sub-station in Samra, Jordan. The contract, which will be handled on a turnkey basis, includes six bays of 400kV GIS switchgear. Work starts immediately and the sub-station will be commissioned during July 2005. This contract means that the company will have supplied three out of the five NEPCO 400kV sub-stations, including both GIS units.
FW TO SUPPLY SCR SYSTEM In the USA, Foster Wheeler Ltd’s subsidiary Foster Wheeler North America Corp has been awarded a contract by American Electric Power to supply and install a selective catalytic reduction (SCR) system at its Muskingum River Generating Station. The SCR is destined for Unit 5, a 600MW supercritical boiler, powered by pulverized coal, which is located in Beverly, Ohio. The contract covers engineering, materials
supply, construction, commissioning and testing. The system is scheduled to start operating during the second quarter of 2005. The SCR system will greatly improve air quality by reducing emissions of smogproducing nitrogen oxides (NOx), says Foster Wheeler.
OIL & GAS BG ACQUIRES SÃO PAULO EXPLORATION BLOCK International natural gas business BG Group has signed a sale and purchase agreement with El Paso Corp for the acquisition of an exploration licence in the Santos Basin, 140 km offshore São Paulo, Brazil. The move will see BG obtaining 100% ownership and operatorship of block BM-S13 for a cash consideration of US$23.5 million, subject to Agência Nacional do Petróleo approval. BM-S-13 is in the gas prone area of the Santos Basin. Rick Waddell, BG Group managing director and executive vice president South America, said: “BG plans to explore for gas in BM-S-13 to supply the rapidly growing Brazilian market.” The company is already a partner in the Petrobras-operated BM-S-9, BM-S-10 and BM-S-11 deep-water exploration blocks in the Santos Basin. BG Group also owns 60.1% of Comgas, which is one of Brazil’s largest gas distribution companies.
CHEVRONTEXACO WINS NIGERIAN RIGHTS In West Africa, the Nigeria São Tomé and Príncipe Joint Development Authority
Pump Industry Analyst
Pump Company
MARKET PROSPECTS
Index ABS 1 Alfa Laval 10,12,13,15 Allweiler 10 American Machine & Tool 5 Ampco-Pittsburgh 15 Andritz 13 Baker Hughes 15 Bell & Gossett 14 BOC Edwards 14 Cardo 1,13 Cardo Pump 1 Colfax Corp 16 Colfax Pump Group 10 Crane 10,12,15 Crown 11 Davey Products 11,12 Dean Pump 10 DMW 15 Dover 15 Ebara 15 Europump 10,11 Flo-Pak 5 Flowserve 7,15 Flygt 11 Fybroc 10 Gardner Denver 15 Godwin Pumps 16 Gorman-Rupp 5,15 Goulds Pumps 11 Graco 15 Grundfos 12,13,16 GUD Holdings 13,15 Hydraulic Institute 11,13 Idex 12,15 Ingersoll-Rand 15 ITT Industries 10,12,13,15 ITT Jabsco 10 Johnson Pump 7,13,15 Johnston 11 Kirloskar Brothers 10,12 KSB 10,12,13,15 Layne Christensen 15 Lowara 10 Mather & Platt 11 Met-Pro 8,10,11,15 Metso 13,14 Milton Roy 10 Moyno 10 National-Oilwell 15,14 Netzsch 16 Nikkiso 15 Parker Hannifin 12 Patterson Pump 5,12 Pentair 12,15 Pfeiffer Vacuum 13 Precision Castparts 15 Pumpex 1,14 Pursuit Dynamics 10 Rietschle Thomas 6 Robbins & Myers 10,15 Roper Industries 8,15 Roper Pump 12 Schlumberger 15 Spa-Quip 11 Spirax-Sarco 15 SPX 12,15 Sulzer 13,15 Techno Takatsuki 14 Tecumseh 9,12,15 Teikoku Electric 15 Textron 15 Thomas Industries 6,15,16 Thompson Pump 13 Thompsons, Kelly & Lewis 7 Torishima 15 Tsurumi 15 United Technologies 15 USFilter 1 Veolia Environnement 1 Weir 13,15 Wisconsin Energy 15 Wood Group 13 WorldWater 9,10,15,16
2
POWER GENERATION ABB STRENGTHENS SUDAN’S POWER GRID Power and automation technology group ABB has signed a contract worth US$16 million for a power transmission project which will strengthen Sudan’s power grid. The company won the order from the main contractor Harbin Power Engineering Co Ltd of China. The Ministry of Irrigation and Water Resources Merowe Dam Project Implementation Unit of Sudan initiated the project. The Merowe hydroelectric power station, located about 400 km north of Khartoum, is connected to the national grid by 500kV, 220kV and 110kV overhead lines and associated sub-stations. ABB is responsible for designing, supplying and commissioning the complete secondary electrical system, on a turnkey basis, for seven new sub-stations.
EIB LENDS 80MN TO ESTI ENERGIA The European Investment Bank (EIB) is providing a 80 million loan to finance the renovation and extension of electricity transmission and distribution facilities in Estonia, which will be undertaken by Eesti Energia AS over the next three years. The investment will, among others, help to reduce operational and maintenance costs, accommodate the expected growth in electricity demand within the residential sector and, in an international context, support the company’s strategic objective of increasing
its presence in the electricity markets in neighbouring countries. Sandor Liive, member of the board and chief financial officer of Eesti Energia, says that the loan will help it to secure the sustainability of investments in national grid and distribution network.
VA TECH WINS JORDANIAN CONTRACT VA TECH Transmission & Distribution, the Austrian supplier of high voltage transmission and distribution systems, has been awarded a new contract valued at 23 million by the National Electric Power Co (NEPCO) of Jordan. The company will supply and install a 400kV gas insulated switchgear (GIS) sub-station in Samra, Jordan. The contract, which will be handled on a turnkey basis, includes six bays of 400kV GIS switchgear. Work starts immediately and the sub-station will be commissioned during July 2005. This contract means that the company will have supplied three out of the five NEPCO 400kV sub-stations, including both GIS units.
FW TO SUPPLY SCR SYSTEM In the USA, Foster Wheeler Ltd’s subsidiary Foster Wheeler North America Corp has been awarded a contract by American Electric Power to supply and install a selective catalytic reduction (SCR) system at its Muskingum River Generating Station. The SCR is destined for Unit 5, a 600MW supercritical boiler, powered by pulverized coal, which is located in Beverly, Ohio. The contract covers engineering, materials
supply, construction, commissioning and testing. The system is scheduled to start operating during the second quarter of 2005. The SCR system will greatly improve air quality by reducing emissions of smogproducing nitrogen oxides (NOx), says Foster Wheeler.
OIL & GAS BG ACQUIRES SÃO PAULO EXPLORATION BLOCK International natural gas business BG Group has signed a sale and purchase agreement with El Paso Corp for the acquisition of an exploration licence in the Santos Basin, 140 km offshore São Paulo, Brazil. The move will see BG obtaining 100% ownership and operatorship of block BM-S13 for a cash consideration of US$23.5 million, subject to Agência Nacional do Petróleo approval. BM-S-13 is in the gas prone area of the Santos Basin. Rick Waddell, BG Group managing director and executive vice president South America, said: “BG plans to explore for gas in BM-S-13 to supply the rapidly growing Brazilian market.” The company is already a partner in the Petrobras-operated BM-S-9, BM-S-10 and BM-S-11 deep-water exploration blocks in the Santos Basin. BG Group also owns 60.1% of Comgas, which is one of Brazil’s largest gas distribution companies.
CHEVRONTEXACO WINS NIGERIAN RIGHTS In West Africa, the Nigeria São Tomé and Príncipe Joint Development Authority