Hitachi Receives Large Power Transformer Order from US Power Utility
February 03 2015 - 5:50AM
JCN Newswire (English)
Hitachi, Ltd. (TSE:6501 / "Hitachi") today announced that its
North American sales company for power transmission and
distribution equipment, Hitachi HVB, Inc. ("HVB" / Headquarters:
USA), has received an order of five transformers from Grand River
Dam Authority (GRDA(1)), an Oklahoma power utility in the USA.
The transformers are to be manufactured by Hitachi Fortune
Transformer, Inc. ("HFT" / Headquarters: Taiwan), a joint venture
established by Hitachi and Fortune Electric Co., Ltd. of Taiwan
("Fortune Electric" / Headquarters: Taiwan), where a new factory
has been under construction.
The international market for transformers is expected to increase
from the current level of about $7 billion (USD) to approximately
$10 billion (USD) by 2020(2) driven by the growth in distributed
generation sources that use renewable energy such as wind or
photovoltaic power, as well as by economic growth and population
increases. Looking at developed nations such as the USA in
particular, the value of power transformers market in the USA is
expected to grow from its current level of about $2 billion to
around $2.6 billion in 2020(2) due to the replacement needs of the
aging equipment.
HVB received this order as a result of participating in a tender to
supply transformers for the GRDA's newest generating facility, due
to be completed in May 2017. This combined cycle natural gas
facility will utilize advanced design turbine-generators, to be
supplied by the United States-based subsidiary of Mitsubishi
Hitachi Power Systems. Overall thermal efficiency will exceed 60%,
and upon completion the facility has the potential to be the most
efficient in the United States. This important project has drawn
considerable attention from both electric industry and government,
and a groundbreaking ceremony was conducted on January 23rd. This
Order includes the manufacture of two 265MVA GSUs(3) and two 415MVA
GSUs by HFT, and the manufacture of one 35MVA RAT(4) by Fortune
Electric, Hitachi's joint venture partner in HFT. The transformers
are due to be delivered in 2016.
HFT was founded in December 2013 to expand Hitachi's transformer
business into the global market. Construction of a transformer
production facility at the Taichung Port Free Trade Zone in
Taichung City, Taiwan got underway in April 2014 and production is
due to commence in April of this year.
In the future, Hitachi will continue to contribute to the reliable
supply of electric power throughout the world by engineering and
manufacturing of electrical equipment, and by participating in all
aspects of transmission and distribution equipment, from
manufacturing to sales and maintenance.
Notes:
(1) A non-profit power utility, GRDA was originally established in
Oklahoma, USA in 1935 as a State Agency to construct a dam on the
Grand River and operate hydro power units. GRDA has been the major
supplier of electric power throughout the state of Oklahoma since
it commenced operation in 1986 of a thermal power plant, now known
as the Grand River Energy Center (GREC). GRDA has a total supply
capacity of 1,730 MW and a workforce of 500.
(2) Source: GlobalData Transmission Equipment Details
(3) GSU: Generator step-up unit
(4) RAT: Reserve Auxiliary Transformer
About Hitachi
Hitachi, Ltd. (TSE:6501), headquartered in Tokyo, Japan, delivers
innovations that answer society's challenges with our talented team
and proven experience in global markets. The company's consolidated
revenues for fiscal 2013 (ended March 31, 2014) totaled 9,616
billion yen ($93.4 billion). Hitachi is focusing more than ever on
the Social Innovation Business, which includes infrastructure
systems, information & telecommunication systems, power
systems, construction machinery, high functional materials &
components, automotive systems, healthcare and others. For more
information on Hitachi, please visit the company's website at
http://www.hitachi.com.
Source: Hitachi
Contact:
Hitachi Ltd
Corporate Communications
Tel: +81-3-3258-1111
Copyright 2015 JCN Newswire. All rights reserved. www.japancorp.net
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