Power Machines to supply equipment to Venezuela

Power Machines OJSC is to manufacture and supply five hydrogenerator stator winding sets for Macagua 1 HPP, Venezuela.

Power Machines singed a contract to procure five stator winding sets with Argentina's IMPSA company. Procurement of the last set of equipment is scheduled for February 2012. The contract’s sum amounts to € 5 mln.

In May of the current year, Power Machines supplied a stator winding set for one of the six Macagua’s hydrogenerators under the contract with IMPSA in effect at that time.

Equipment for Macagua 1 HPP will be manufactured at Electrosila, Power Machines’ branch specialising in the production of generator equipment.

Power Machines supply equipment within the framework of the project for upgrading the six hydraulic units of Macagua 1 HPP. New generators for the units – excluding stator winding – are procured by the Argentine company.