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Spain's Iberdrola wins combined cycle plant contract in Russia


AFP
MADRID
Petroleumworld.com 09 26 07

Iberdrola, Europe's third largest utility, said Tuesday that its construction unit has been awarded a contract worth 311 million euros (438.5 million US dollars) to build a 403-megawatt combined cycle electrical power plant in Russia.

"It is the company's first big contract in this country, where it opened a commercial office in 2005," Iberdrola said in a statement.

The contract was awarded by Russian group OGK-5 and the plant will be built near the central Russian city of Yekaterinburg in the Ural mountain region. It is expected to be completed in 35 months.

A combined cycle power plant uses a gas turbine to make electricity and the waste heat is used to make steam to generate additional power via a steam turbine.

AFP 25 1622 GMT 09 07

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