Von Roll Holding AG

EANS-News: Von Roll Holding AG
Order from Bechtel for the delivery of transformers for world´s largest solar thermal power plant project

- Contract volume of around CHF 5 million - Delivery of power transformers for the Ivanpah Solar Electric Generating Facility

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Company Information

Subtitle: - Contract volume of around CHF 5 million - Delivery of power transformers for the Ivanpah Solar Electric Generating Facility

Au / Wädenswil (euro adhoc) - 18 April 2011 - Von Roll Holding AG, one of Switzerland's longest established industrial companies, has received a large order of several power transformers from US-based Bechtel. Von Roll´s power transformers will be applied for the prestigious Ivanpah Solar Electric Generating Facility in California, USA. The project involves manufacturing and delivery of several 12 MVA and 150 MVA power transformers. The first transformers will be delivered in the second half of 2011. Bechtel provides engineering, procurement and construction services for the Ivanpah solar facility. Privately owned with headquarters in San Francisco, the company has offices around the world and around 50,000 employees. In 2009, it had revenues of USD 30.8 billion. In addition to energy, Bechtel´s diverse portfolio encompasses transportation, communications, mining, oil and gas, and government services. The Ivanpah Solar Electric Generating Facility is the world´s largest solar-thermal power plant project currently under construction. The solar facility is located in the Mojave desert in California, 40 miles southwest of Las Vegas, USA. It will double the amount of commercial solar thermal electricity produced in the USA today. The power produced by Ivanpah, 370 MW of clean renewable energy, will be able to generate electricity for more than 140,000 homes, displacing around 400,000 tons of carbon dioxide emissions per year. Construction of the complex, consisting of three separate solar thermal plants, has started in October 2010. The first plant is planned to be connected to the electrical grid in mid-2012. Matthias Oppermann, CEO of Von Roll Holding AG: "We are very proud to provide our power transformers for the world´s largest solar thermal power plant Ivanpah and thus make a contribution to the supply of green energy in the United States."

About Von Roll Holding AG: As one of Switzerland´s longest established industrial companies, Von Roll focuses on products and systems for power generation, transmission and distribution. Von Roll is the global market leader in insulation products, systems and services and is represented in 19 countries with around 3,000 employees at 30 sites.

This press release is based on information currently available. Unforeseeable risks and influences may lead to discrepancies with statements portrayed here. Furthermore, rounding differences may lead to discrepancies in the reported figures.

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Contact:

Susanne Berger
Corporate Communications
T: +41 44 204 3034, F: +41 44 204 3039, E: press@vonroll.com

Branche: Misc. Industrials
ISIN: CH0003245351
WKN: 324535
Index: SPI, Midcap Market Index
Börsen: SIX Swiss Exchange / Main Standard


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