EANS-Adhoc: A-TEC Industries AG / AE&E bags contract from Essar to supply boilers to power project in India

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Company Information

05.10.2010

Several other large orders in pipeline for 2010

Vienna, 5 October 2010 - The AE&E Group - the leading international
plant engineering and construction company that makes up the Plant
Construction Division of Vienna listed A-TEC Industries AG - has
secured an order to supply four sets circulating fluidised bed (CFB)
boilers with a total capacity of 600 MW to the Indian Essar Group´s
Salaya III power station in the state of Gujarat, part of its growth
plan to increase power generating capacity from 1220 MW to 11470 MW.
The contract was awarded to local Indian subsidiary AE&E Chennai
Works Pvt Ltd. Phased delivery of the four boilers is to take place
within 25 months.

AE&E is experiencing a big jump in demand going into the fourth
quarter. A number of major contracts in the energy and environmental
sector are about to be awarded, and the AE&E Group is excellently
placed to win them. Clients are particularly impressed by the group´s
innovative technologies in its Asian, Turkish, UK and US growth
markets. AE&E currently expects to win major orders in the next
months for its coal and biomass fired steam generators, energy from
waste plants and flue gas cleaning systems. These orders should lead
to a total order intake of almost one billion euro at year end.

Salaya III power station marks big breakthrough The order for the
Essar Group´s Salaya III power station in Gujarat, India comprises
project management, and the design, engineering and delivery of the
four CFB boilers, each capable of producing 495 t/h of steam, as well
as erection and commissioning support. The boilers will run on a
blend of petroleum coke and bituminous coal. The boiler pressure
parts will be manufactured at AE&E´s manufacturing facility in
Chennai, India. The boilers are also being designed with the
capability to fire 100% of coal.

AE&E won the order - its first large boiler contract in India - in
the face of fierce competition. It already has a long track record of
supplying the Indian public sector. The new contract represents a
major advance as it gives the group a foothold in the country´s fast
growing private sector power generation industry. Since AE&E
specialises in the design and construction of large boilers with
capacities over 100 MWe the order represents a breakthrough for its
efforts to win additional business in this area.

end of announcement euro adhoc
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ots Originaltext: A-TEC Industries AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Investor Relations

Gerald Wechselauer

Phone: +43 1 22760 - 130

Email: ir@a-tecindustries.com

Press Office A-TEC Industries AG

Claudia Müller-Stralz

Pleon Publico Public Relations & Lobbying

Phone: +43-1-71786-107

E-Mail: claudia.mueller@pleon-publico.at

Branche: Holding companies
ISIN: AT00000ATEC9
WKN:
Index: ATX Prime
Börsen: Wien / Regulated free trade