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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