EANS-Adhoc

ANDRITZ HYDRO to supply equipment for the world's first tidal lagoon hydropower project in Swansea Bay, Wales

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10.02.2015

Graz, February 10, 2015. Following an international bidding process,
Tidal Lagoon Swansea Bay plc. has appointed the consortium by
GE/ANDRITZ HYDRO as preferred bidder for supply of the
electromechanical equipment for the world's first tidal lagoon
hydropower project in Swansea Bay, Wales.

The advance works agreement has now been signed. The bidding volume
for the consortium is in the region of 400 million euros. The ANDRITZ
HYDRO share amounts to approximately 250 million euros (with a
substantial creation of value in the UK). The main order for supply
of the electromechanical equipment is scheduled to enter into force
in the later course of 2015 upon fulfilment of all requirements and
procedures. Start of commercial operation is scheduled for 2019.

The tidal lagoon hydropower plant will be located in the Severn
Estuary and will have an installed capacity of 16 units with over 20
megawatts each. The Severn Estuary has the second highest tidal range
in the world, and in this estuary, Swansea Bay benefits from an
average tidal range of 8.5 meters during spring tides. The plant will
supply clean, renewable, and predictable power for over 155,000 homes
and contribute significantly towards national carbon emission
reduction targets with over 236,000 tons of CO2 saved each year.

- End -

Press release and photo available for download Press release and
photo are available for download at the ANDRITZ web site:
www.andritz.com/news. The photo may be published free of charge if
the source is stated: "Photo: Tidal Lagoon Swansea Bay".

The ANDRITZ GROUP The ANDRITZ GROUP is a globally leading supplier of
plants, equipment, and services for hydropower stations, the pulp and
paper industry, the metalworking and steel industries, and
solid/liquid separation in the municipal and industrial sectors. The
publicly listed, international technology Group is headquartered in
Graz, Austria, and has a staff of around 24,500 employees. ANDRITZ
operates over 250 production sites as well as service and sales
companies all around the world. The ANDRITZ GROUP ranks among the
global market leaders in all four of its business areas. One of the
Group's overall strategic goals is to strengthen and extend this
position. At the same time, the company aims to secure the
continuation of profitable growth in the long-term.

ANDRITZ HYDRO The business area supplies electromechanical equipment
for hydropower stations. With over 170 years of accumulated
experience and more than 30,000 turbines installed totaling
approximately 420,000 megawatts of output, the business area is one
of the world's leading system suppliers, offering the complete
product portfolio, including turbines, generators, and additional
equipment of all types and sizes: "from water to wire" for
small-scale and large hydropower stations up to outputs of more than
800 megawatts per turbine unit. ANDRITZ HYDRO is also well-positioned
in the growing maintenance, refurbishment, and upgrade market for
existing hydropower plants. Pumps (for water transport, irrigation,
and applications for various industries) and turbo-generators for
thermal power stations are also part of the business area.

Further inquiry note:
Oliver Pokorny

Head of Corporate Communications

Tel.: [phone]

Fax: [phone]

mailto:[e-mail]

end of announcement euro adhoc
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issuer: Andritz AG
Stattegger Straße 18
A-8045 Graz
phone: [phone]
FAX: [phone]
mail: [e-mail]
WWW: www.andritz.com
sector: Machine Manufacturing
ISIN: AT0000730007
indexes: WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien
language: English