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Voith wins big hydropower deal from State Grid
By Richard Fu |
August 29, 2012, Wednesday
|
Online Edition
Online Edition
GERMAN company Voith said it has won a hydropower equipment contract worth about 700 million yuan (US$110.3 million) from the State Grid Corp of China.
Under the deal, Voith's Shanghai unit will supply four pumped storage units, each with a capacity of 300 megawatts, to State Grid's Jiangxi Hongping Pumped Storage Power Plant.
Pumped storage hydroelectricity is a type of hydroelectric power generation used by some power plants for load balancing.
Under the system, water is pumped from a lower elevation reservoir to a higher reservoir using low-cost, off-peak power and is released back into the lower reservoir through turbines to generate electricity when demand peaks or electricity prices are higher.
"Pumped storage hydropower plays an integral role in helping power suppliers achieve the goals of energy conservation, safe operation and sustainable development, in addition to ensuring a steady power supply to meet the needs," said Martin Andrae, president of Voith Hydro Shanghai Ltd.
As of 2011, China had built 24 pumped storage power plants with gross capacity of 18,718MW. Some industry experts predict the total capacity will top 80,000MW by 2020.
Under the deal, Voith's Shanghai unit will supply four pumped storage units, each with a capacity of 300 megawatts, to State Grid's Jiangxi Hongping Pumped Storage Power Plant.
Pumped storage hydroelectricity is a type of hydroelectric power generation used by some power plants for load balancing.
Under the system, water is pumped from a lower elevation reservoir to a higher reservoir using low-cost, off-peak power and is released back into the lower reservoir through turbines to generate electricity when demand peaks or electricity prices are higher.
"Pumped storage hydropower plays an integral role in helping power suppliers achieve the goals of energy conservation, safe operation and sustainable development, in addition to ensuring a steady power supply to meet the needs," said Martin Andrae, president of Voith Hydro Shanghai Ltd.
As of 2011, China had built 24 pumped storage power plants with gross capacity of 18,718MW. Some industry experts predict the total capacity will top 80,000MW by 2020.
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