Atlas Copco wins large-scale contract for Latin American power generation market
Cologne, Germany, March 8, 2007: Strengthening its position in a key growth market, Atlas Copco Gas and Process has won a large-scale order from Siemens for the Latin American power generation market. The order comprises six fuel gas booster compressors. The machines are set for delivery to Argentina between late 2007 and early 2008.
Siemens Power Generation has ordered the six TP centrifugal gas compressors for use in two natural gas combined cycle power plants in Argentina’s Buenos Aires and Santa Fe provinces. The new plants, to be operated by independent power producers Manuel Belgrano and San Martin, will each have a capacity of 830 megawatts to produce electricity.
“The fuel gas booster market has been growing in Latin America and has a lot of potential for future growth. This order will help us solidify our position there in the long-term,” says Dré Schmitz, President of Atlas Copco Gas and Process.
The projects are part of a broader initiative by Argentina’s government to secure power supply for its growing economy and prevent energy shortages. Currently, the country has installed capacity of 24,000 MW, but it is looking to boost that number to about 38,000 MW by 2015.
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The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with more than 130 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group’s global reach spans more than 170 markets. In 2007, Atlas Copco had 33 000 employees and revenues of BSEK 63.
Gas and Process is a division within Atlas Copco’s Compressor Technique business area. It develops, manufactures and markets large, customized gas and process compressors and turbo expanders, and their respective aftermarket products. Its products are used primarily by the oil and gas, chemical/petrochemical process and power industries worldwide, and also by industries that specialize in gas production through air separation. The divisional headquarters and main production center is located in Cologne, Germany.