SPX to supply feedwater heaters for supercritical coal-fired power plants in India

Source: SPX Corporation 

SPX Corporation (NYSE: SPW) announced that its wholly-owned subsidiary SPX Heat Transfer, Inc. has been awarded a contract of approximately $18 million to design and manufacture 20 new feedwater heaters for two new coal-fired power plants being built in Bihar, India. 

The formal agreement was signed by SPX Heat Transfer and Bharat Heavy Electricals Limited (BHEL) of India, which has been tasked with the design, engineering, construction and installation of the BARH Phase II Projects, which are being built for Indian energy company National Thermal Power Corp (NTPC). Units 1 and 2 of BARH II will each deliver 660 MW and are scheduled to commission in March 2012 and January 2013, respectively. 

"India's energy consumption has been increasing at one of the fastest rates in the world due to population growth and economic development, so it is clearly a very important growth market for SPX," said SPX Chairman, President and Chief Executive Officer Christopher J. Kearney. "Our deep expertise in manufacturing feedwater heaters and numerous other components that are critical to nearly all types of power plants positions our company well to play an active role in helping India continue to expand its power generation capacity." 

Plans call for SPX Heat Transfer to manufacture the feedwater heaters at its main facility located in Tulsa, Oklahoma and then ship the units to India. 

"This is SPX Heat Transfer's second major order for India and reflects our decades of experience spent manufacturing heat transfer equipment for the global electric utility, cogeneration and geothermal energy-producing markets," said Drew Ladau, SPX segment president. "Having the opportunity to collaborate on this project with Bharat Heavy Electricals Limited and National Thermal Power Corp will hopefully serve to further elevate SPX's profile in India and lead to other assignment opportunities." 

Announced in 2006, the two-unit 1,320MW BARH II extension will deliver power mostly to North, West and East India with six 400KV electrical substations linking BARH to Kahalgaon, Sasaram and Biharsharif. It is expected to be completed by January 2013. The plant uses supercritical steam generation, with water instantly being converted into steam without passing through the boiling phase.

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