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SPX Awarded Contract for Israeli Cycle Power Plant

Charlotte, North Carolina-based SPX Corporation has been awarded a contract worth approximately $35 million to supply an air-cooled condenser for a new 835 MW natural gas-fired, combined cycle power plant scheduled to be constructed in Israel.  The contract was awarded by Alstom which was previously awarded the engineering, procurement and construction contract for the plant by Dalia Power Energies Ltd.  A portion of SPX’s contract was received in Q4 2012 and was included in backlog reported at year end.

Featuring two 417 MW, gas-fired combined cycle units, the Tzafit plant is expected to be Israel’s largest privately-owned power station. Located 40 kilometers southeast of Tel Aviv, the plant is scheduled to be commissioned in 2014, and add 835 MW to the national grid, representing roughly seven percent of Israel’s installed power generation capacity.

“The Tzafit combined cycle power plant represents a significant power infrastructure expansion for Israel and is expected to sharply increase the country’s ability to meet future electricity demand,” said Gene Lowe, SPX segment president. “We have enjoyed a long and productive working relationship with Alstom, and look forward to collaborating with them and leveraging our air cooled condenser technology to establish a state-of-the-art cooling solution for Israel’s new Tzafit power plant.”

According to Israel‘s Ministry of Energy and Water Resources, electricity consumption in Israel is expected to double in the next 20 years as a result of population growth, rising living standards and climate changes.  Due to its location at the intersection of Israel’s national electricity grid, the Tzafit combined cycle power plant is expected to feed additional electricity to the northern and southern sections of the grid, and thereby increase the reliability of the overall electricity supply.

SPX is a global Fortune 500 multi-industry manufacturing leader with over $5 billion in annual revenue, operations in more than 35 countries and approximately 15,000 employees. SPX Thermal Equipment and Services is a leading global provider of evaporative and hybrid cooling towers and solutions, air-cooled condensers, heat exchangers, air and flue gas systems and filter systems. These technologies support thousands of customers in the power generation, industrial, refrigeration, and heating, ventilation and air conditioning (HVAC) markets.

According to Israel‘s Ministry of Energy and Water Resources, electricity consumption in Israel is expected to double in the next 20 20 years as a result of population growth, rising living standards and climate changes.  Due to its location at the intersection of Israel’s national electricity grid, the Tzafit combined cycle power plant is expected to feed additional electricity to the northern and southern sections of the grid, and thereby increase the reliability of the overall electricity supply.

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