News & Events

News & Events

Ansaldo Energia secures service contract for Multi-Platform Power Plant Technologies in UAE


As part of their O&M responsibilities, Asia Gulf Power Service Company (AGPS) has awarded
Ansaldo Energia a service contract at the “Taweelah Initial B” (IB) and “Initial B Extension” (IBE) power
plants, located in the Taweelah Power and Water Complex about 70km from the city of Abu Dhabi. The
Taweelah B Power Plant supplies 2,000MW of net capacity to the Emirate of Abu Dhabi and 160 Million
Imperial Gallons per Day (MIGD) of net water production capacity.
The contract with Ansaldo Energia calls for a permanent maintenance staff to be provided on site
and covers all scheduled overhauls plus preventive and corrective maintenance activities on the main
rotating equipment of Taweelah’s IB and IBE assets only, Taweelah B’s New B Extension (NBE) power
plant is not included.
The Taweelah IB power plant scope consists of six Alstom steam turbines coupled to six ABB
generators while the scope of Taweelah IBE power plant is two GE Frame 9E gas turbines, one GE steam
turbine and three GE generators. Also included are the balance of plant (BoP) auxiliaries and condensers.
Ansaldo Energia will supply all required spare parts, including gas turbine flow path component repair and
refurbishments.
The contract award by AGPS represents a continuation of Ansaldo Energia’s localization focus and
service business growth in the Middle East. This includes a capacity & capability expansion to Ansaldo
Thomassen Gulf (ATG) Repair Center of Excellence in Abu Dhabi and the opening of our Middle East
Service Support Hub in Jebal Ali. It also confirms AGPS’s confidence with Ansaldo Energia’s OSP™ multiplatform
technology portfolio & shaftline capabilities in servicing other original equipment
manufacturer’s power generation equipment as well as our mutual high environmental health & safety
standards.

 

Click here to read press release (English version)

Click here to read press release (Italian version)


Liability management operation to buy back outstanding bonds

 

For the purposes of a new non convertible unsecured bond issue (senior unsecured) according to standard documentation for Eurobond transactions worth an indicative maximum nominal value of €450 million and represented by bonds to issue in one or more tranches, Ansaldo Energia has assessed and approved a liability management operation involving a quote of the bond issue ISIN:XS1224617347 worth €250,000,000, for the purposes of reducing the concentration of liability expiries with prudent foresight and of restructuring the Company’s debt in light of current market conditions and in line with corporate interests.

This liability management operation was therefore launched today, involving a cash tender offer as described in more detail in the below launch notice, on completion of which the aforementioned portion of the bond issue can be repaid early.

The completion of the liability management operation is conditional on the completion of the new €450million bond issue.

 

Click here to read launch notice (Italian version)

Click here to read lauch notice (English version) 


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