SPX Corporation, a multi-industry manufacturing company, has announced that its thermal equipment and services business has agreed to supply critical components worth approximately $100 million to Orkuveita Reykjavikur, an Iceland-based utility.
The SPX components are slated for Orkuveita Reykjavikur’s five planned geothermal power plants to be built at the base of the Hengill volcano in Iceland.
Under the terms of the contract, SPX will supply a complete cold-end solution for the plants, which includes engineering, design, manufacturing, and installation of a steam condensing system utilizing multiple SPX heat exchangers.
The new geothermal power plants, which use hot steam from within the earth to produce electricity, are anticipated to begin operation in 2010-11 and will have a total output of 225MW.
Drew Ladau, president of SPX thermal equipment and services, said: Our products will help create one of the most modern and efficient geothermal facilities in the world. Iceland is a world leader in geothermal power generation and we are pleased to play a role in helping build their energy infrastructure.