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| Aecon subsidiary wins $16 million contract in Bolivia Aecon Group Inc., a Toronto-based construction and development services company, announced that its wholly-owned subsidiary, Innovative Steam Technologies (IST), has been awarded a contract valued at $16 million to supply its Once-Through Steam Generator (OTSG) units to Bolivian power generation company Empresa Guaracachi S.A., a subsidiary of U.K.- based Rurelec PLC. Under the terms of the contract, IST will supply two OTSG units equipped with supplementary duct burners for increased steam capacity and an exhaust cooling system to permit the open cycle operation of the existing gas turbines. The OTSG units will increase the existing plant's operating efficiency by 40 per cent - an extra 96MW of energy - as a result of converting waste energy from the exhaust of the gas turbines into electricity. The units are scheduled to be delivered in August 2008. write your comments about the article :: © 2007 Construction News :: home page |