Power Machines together with the partner, Chinese enterprise Zhejiang Fuchunjiang Hydropower Equipment Co., LTD., won a tender for delivery of equipment for Baishi Hydro Power Plant (3x140 MW), province Hunan, China. The project price amounts to 46, 5 million US$.
Financing will be carried out from the budget of the Customer - Chinese energy company Human Wuling Hydropower Development Co., Ltd.
The main competitors of Power Machines were the largest Chinese companies: Dongfang Electric Corporation, Harbin Electric Machinery Co., Ltd. and Tianjin Alstom Hydro Co., Ltd..
In accordance with the terms of the project Power Machines will be a sub-supplier of turbine equipment and will manufacture three runners for three power units of 140 MW capacity each.
Part of Power Machines in the project amounts about 10 million US$.
Baishi HPP will be the third project in the field of hydro power implemented by Power MAchines together with Chinese enterprises.